| Institute of Food and Resource Economics | |||||||||||||
| Earliest Possible Year | |||||||||||||
| Duration | 1 semester | ||||||||||||
| Credits | 6 (ECTS) | ||||||||||||
| Course Level | Joint BSc and MSc BSc for Agric. Economics | ||||||||||||
| 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: 2-3 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 | |||||||||||||
| Main objective of the course is to familiarize the participants with the most relevant theoretical and methodological concepts of investment decisions and financial planning for private business firms in agriculture and the food sector. | |||||||||||||
| Course Contents | |||||||||||||
| The course content includes the following subjects: - Basic concepts of investment appraisal - Capital Budgeting, Working Capital - Evaluation of Investment Proposals - Replacement Decisions - Investment´s Risk Analysis - Portfolio Approach - Capital Asset Pricing Model (CAPM) - Financial Leverage, M&M-Analysis - Bankruptcy Risk and Financial Structure - Cost of Capital - The Danish Agricultural Financing System - Microfinance in Developing Countries - Financial Leases On successful completion of the course students are able to evaluate practical investment and finance projects in agriculture, agribusiness and related businesses, perform investment calculations and understand basic functions of financial decisions. | |||||||||||||
| 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. [Main course literature] | |||||||||||||
| 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 NSN | |||||||||||||
| Course Scope | |||||||||||||
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