| Department of Economics and Natural Resources (2003/2004) | |||||||||||||
| Earliest Possible Year | |||||||||||||
| Duration | 1 semester | ||||||||||||
| Credits | 6 (ECTS) | ||||||||||||
| Course Level | Joint BSc and MSc but BSc for Agric. Econmics | ||||||||||||
| Examination | written examination Aid allowed Description of Examination: 13-point scale, internal examiner Dates of Exam: | ||||||||||||
| Organisation of Teaching | Lectures: 1 course module per week Exercises: 3 hours per week | ||||||||||||
| Block Placement | F3, spring Tuesday 13-16 or Friday 13-16 | ||||||||||||
| Teaching Language | English | ||||||||||||
| Optional Prerequisites | 095311 Production Economics 096611 Introduction to Managerial Economics | ||||||||||||
| Course Objectives | |||||||||||||
| The main objective of the course is to make the participants familiar with the most important concepts of investment and finance. On successful completion of the course students are able to evaluate practical investment projects in agriculture, agribusiness and related businesses, perform investment calculations and understand basic functions of financial markets. | |||||||||||||
| Course Contents | |||||||||||||
| The course is addressing the following major subjects:* Basic concepts of investment appraisal (e.g. capital budgeting, NPV, IRR)* Evaluation of investment proposals (e.g. cash flow analysis, replacement decisions )* Risk analysis and capital investments (e.g. measuring risk, portfolio approach, CAPM* Financial decisions (e.g. financial leverage, M & M - analysis, bankruptcy risk, leasing)* Agricultural finance (e.g. long-term financial decisions)Furthermore the students will receive an overview of the Danish agricultural financing system. | |||||||||||||
| Teaching And Learning Methods | |||||||||||||
| Lectures and theoretical/practical exercises on investment and finance problems. The teaching of quantitative models and methods is accompanied by intensive calculation exercises. | |||||||||||||
| Course Litterature | |||||||||||||
| H. Levy and M. Sarnat (1994): "Capital investment and Financial Decisions", 4th Edition, Prentice Hall, 711 p.Chr. Noell (2002): "Lecture Notes and Additional Literature on Investment and Finance"DLR's "Landbrugshandbog" | |||||||||||||
| Course Coordinator | |||||||||||||
| Christian Noell, cno@kvl.dk, Institute of Food and Resource Economics/Environmental Economics and Rural Development Div., Phone: 35282267 | |||||||||||||
| Study Board | |||||||||||||
| Study Committee AHJ | |||||||||||||
| Course Scope | |||||||||||||
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