Methods of Evaluation of Investment Projects

(in Polish) kierunkowe
obligatory courses

Blended learning

The course "Methods of Evaluation of Investment Projects" aims to equip students with the knowledge required for informed investment decision-making. Students will delve into the intricacies of financial mathematics and develop proficiency in computing essential indicators required for the economic viability assessment of investment projects. Additionally, students will be trained in the interpretation of these metrics, enabling them to make optimal investment decisions.

Study Profile: General Academic

Study Mode: Full-time

Course Type: Major subject

Class Group: GROUP 3 Major Subjects

Field: Social Sciences, Discipline: Economics and Finance

Year/Semester: Undergraduate studies, Year II, Semester 4

Prerequisites: None

Number of teaching hours divided by type:

Lecture: 15 hours,

Exercises: 30 hours.

Teaching Methods:

• Informative lecture conducted using multimedia presentations and activating methods, allowing students to ask questions and participate in discussions;

• Exercises conducted using activating methods that engage students in independent and group work, as well as discussions: solving tasks and tests, joint discussion of issues on a given topic, problem-solving methods, didactic discussion;

• Demonstration method during asynchronous remote classes;

• Problem-solving methods, didactic discussion, and solving tasks and tests during individual consultations according to the lecturer's consultation schedule, depending on the student's needs.

ECTS Points: 5 points.

Student's Workload (type of student's activity and number of hours):

• Attendance in lectures: 15 hours.

• Participation in exercises: 30 hours.

• Studying course literature: 12 hours.

• Preparation for exercises: 20 hours.

• Preparation for the test: 20 hours.

• Exam preparation: 20 hours.

• Participation in consultations: 6 hours.

• Taking the exam: 2 hours.

Total Student Workload: 125 hours (1 ECTS = 25 hours).

Quantitative Indicators:

• Student workload associated with classes requiring the direct participation of the teacher (Number of hours/ECTS points):

53 hours / 2.12 ECTS

Basic and supplementary (selected items - details will be provided directly by the lecture and exercise instructors:

1. Ciborowski R.W., Gruszewska E., Meredyk K., Podstawy rachunku efektywności inwestycji, Wydawnictwo Uniwersytetu w Białymstoku, Białystok 2001.

2. Dziawgo D., Zawadzki A., Finanse przedsiębiorstwa. Istota – Narzędzia – Zarządzanie, Stowarzyszenie Księgowych w Polsce, Warszawa 2011.

3. Felis P., Kopiec M., Metody i procedury w ocenie inwestycji rzeczowych, Difin, Warszawa 2023.

4. Krajowy Standard Rachunkowości nr 1 Rachunek przepływów pieniężnych, Dziennik Urzędowy Ministra Rozwoju i Finansów, Warszawa 2017, poz. 216.

5. Redo M., Prewysz-Kwinto P., Matematyka finansowa, Wydawnictwo Naukowe PWN, Warszawa 2021.

6. Rogowski W., Rachunek efektywności inwestycji, Oficyna a Wolters Kluwer business, Warszawa 2013.

7. Sierpińska M., Jachna T., Metody podejmowania decyzji finansowych. Analiza przykładów i przypadków, PWN, Warszawa 2013.

8. Sierpińska M., Jachna T., Ocena przedsiębiorstwa wg standardów światowych, PWN Warszawa 2011.

Learning Outcomes in the Area of Knowledge:

• 2MOP_W01 - knows and understands, at an advanced level, the key issues related to the evaluation of investment efficiency - KP6_WG1

• 2MOP_W02 - knows and understands, at an advanced level, the methods of financial mathematics and IT tools for collecting, analyzing, and presenting data used in the process of economic evaluation of the profitability of investment projects - KP6_WG5

Learning Outcomes in the Area of Skills:

• 2MOP_U01 - can use knowledge in the field of the evaluation of investment projects efficiency to analyze and interpret the causes of changes in the level of economic profitability of investment projects - KP6_UW1

• 2MOP_U02 - can properly select data for analyzing and forecasting changes in the level of economic profitability of investment projects using suitable methods, statistical tools, and advanced information and communication techniques - KP6_UW2

• 2MOP_U03 - can independently plan and implement lifelong learning using the acquired knowledge and skills in the field of evaluation of investment efficiency - KP6_UU1

Learning Outcomes in the Area of Social Competences:

• 2MOP_K01 - is prepared for a critical assessment of the knowledge possessed and the content received in the field of evaluation of investment efficiency considering the dynamics of market and social processes occurring globally - KP6_KK1

• 2MOP_K02 - recognizes the significance of knowledge in the field of financial mathematics and evaluation of investment efficiency in the process of analyzing and assessing the economic profitability of investment projects, including seeking expert opinions by using national and international expert reports and studies - KP6_KK2

General conditions are defined by the Study Regulations of the University of Białystok (Annex to Announcement No. 6/2022 of the Rector of the University of Białystok dated December 7, 2022).

Lecture:

• A condition for passing the lecture is achieving the assumed learning outcomes. The methods designated for their verification include: a written or oral exam.

• A prerequisite for being allowed to take the exam is achieving the learning outcomes set for the exercises.

• To pass the exam, students must obtain at least 51% of the total possible points.

Exercises:

• A condition for passing the exercises is achieving the assumed learning outcomes. The methods designated for their verification include: a written test and active participation during classes.

• To pass the exercises, students must obtain at least 51% of the total possible points.

Depending on the applicable regulations, tests or final exams may be conducted using electronic means of communication.