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Economic feasibility study course syllabus

Outline by Amir Bakir, University of Jordan, Department of Economics, 2004

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This course is primarily concerned with the appraisal of projects/investments from the view points of the entrepreneur and the national economy. It starts with the financial evaluation of the inflows and outflows, and next a series of adjustments for any external effect to reflect the social costs and benefits to the country as a whole, is developed. Finally, risk analysis is introduced to deal with the problems of uncertainty.

ECONOMIC FEASIBILITY STUDY

Course Code: 1707324

Course Syllabus



Professor/Dr.: Amir Bakir

Office : Building B, Department of Economics, Faculty of Humanitarian and Social Sciences

Office Hours : Sun./Tu. 1100-1200; Mon./Wed. 1400-1500

Phone No. : 5355000 ext. 3388

Email : amirbak@ju.edu.jo


Course Description


This unit is primarily concerned with the appraisal of projects/investments from the view points of the entrepreneur and the national economy. It starts with the financial evaluation of the inflows and outflows, and next a series of adjustments for any external effect to reflect the social costs and benefits to the country as a whole, is developed. Finally, risk analysis is introduced to deal with the problems of uncertainty.



Course Objective


The objective of this module is to augment the students' comprehension of the techniques and tools necessary to undertake investment appraisal. Specifically, the module will:

  • introduce and clarify the concepts involved in financial, economic and risk analysis

  • enhance and develop the skills of the students in the application of the techniques of investment appraisal



Intended Learning Outcomes

Successful completion of this course should lead to the following learning outcomes:

A- Knowledge and Understanding


A1) to understand investment appraisal methods from different perspectives: the project, the entrepreneur, the bank and the government. In particular, the net benefits to the entrepreneur and the national economy are given excessive importance.

A2) to understand the relationship between financial and economic variables (inflows and outflows).

A3) to understand the effects of uncertainty and risk factors in the context of investment appraisal.




B- Intellectual Analytical and Cognitive Skills


B1) to analyze and evaluate investment projects according to currently used investment criteria

B2) to perform basic financial and economic operations in the context of economic feasibility analysis.

B3) to comprehend and communicate data presented graphically and/or mathematically.

B4) to relate economic models and assumptions to the real world and adapt them to the problem under investigation



C- Subject Specific Skills


C1) to apply techniques of project selection and evaluation using a case study from the real world

C2) to analyze projects' specific data and information, using actual data, to determine the viability of the project from the view points of the entrepreneur and the national economy

C3) to apply the tools of risk analysis to determine the effects of uncertainty on the feasibility of the project (case study)



D- Transferable Key Skills


D1) to gather data for appraisal purposes from the market and various sources, including the electronic media, such as the Internet.

D2) to choose a case study from the real world and apply the techniques of project appraisal

D3) to be fully responsible for the preparation of the case study and manage the presentation schedule of his/her work

D4) to exercise research skills, such as data collection, tabulation, analysis, report presentation and class discussions


Teaching Methods


Duration: 16 weeks, 48 hours in total

Lectures: 10 weeks, 30 hours (including two 1-hour midterm exams)

Case study: 4 weeks, 12 hours

Tutorials: 2 weeks, 6 hours

Applications (office hours): as requested

Laboratory: - none






Teaching Methods

Methods

Lectures

Case Study

Tutorials

Lab.

Applications

Objectives and Learning Outcomes

A1 A2 A3

B1 B2 B3

D4

B4

C1 C2 C3

D1 D2 D3 D4

A1 A2 A3

B1 B2 B3


-

A1 A2 A3

B1 B2 B3

C1 C2 C3

D1 D2 D3

Assessments

Exams

Assignments

Final Report Presentation

Participation


-

Exams

Assignments



Reading


  1. UNIDO, Manual of Appraisal of Industrial Projects, 2000.

  2. Lumby L., Investment Appraisal, Neston, 1981.

  3. Harberger A.C., Reflections on Social Project Evaluation, Pioneers in Development, Vol. II, Washington DC, The World Bank, 1985.

  4. Pouliqin L. Risk Analysis in Project Appraisal, World Bank Staff Occasional Papers No. 11, Baltimore:The John Hopkins University Press.


Course Outline

Unit 1: Introduction to project selection and the project cycle (6 Hrs)

Unit 2: Market study (8 Hrs)

Unit 3: Accounting and Financial analysis (14 Hrs)

Exam #1

Unit 4: Economic analysis (12 Hrs).

Exam #2

Unit 5: Risk analysis (8 Hrs)


Final Exam (covers all units)



POLICY

UJ Policies regarding class attendance, course pre-requisites, academic honesty, drop-add, grading, incompletes, and final exams will be observed as stated in the University of Jordan. You are responsible for all material discussed in class and assigned in the textbook. Missing class is strongly discouraged. Your professor is far less sympathetic to those who miss class regularly. If you miss class, you are responsible to get the notes from a classmate.


Communication & Interaction: You may contact me at my office during office hours at economic department (building B), leave a message at the department secretary office, or arrange for specific appointment. Please do not call me at home.


Exams: In addition to final exam, there are two exams, each worth 20% of your grade. In addition, 10 points will be allocated for homework, class interaction and attendance. The exams may be fully or partially of multiple choice questions. There are no make-up exams without proper and certified excuse. I hold the right to move students and/or sign the answer sheet during an exam, if I suspect you or your neighbor of academic dishonesty. Final Exam worth 50% of your grade. You must take the final exam for this course during the time stated in the Final Exam Schedule, which will be announced in advance. If you have three final exams officially to be taken on one day, you

must speak to me one week in advance, so that a solution is reached. No other

times will be offered to take the final exam.

Final Term Grade Calculation: Your performance in this class will be determined by your performance on the exams. Your final grade will be calculated by adding the points you have received, and then translated into letter grade according to a selected scale suitable to the average performance of the class.


Academic Misconduct: Any type of academic misconduct will result in (F). By

enrolling in this course, you agree with the UJ Policy on Academic Misconduct.


SUCCESSFUL STUDENT STRATEGIES:

1. Has excellent attendance.

2. Reads text before class.

3. Asks questions, when material is unclear.

4. Reviews notes, graphs and text after class.

5. Studies in advance of the next exam

6. Work text examples and exercises.

7. Learn from the experience of past exams.

.

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