2023-2024 / GEST3020-1

Conceiving and economics assessment of projects


9h Th, 9h SEM

Number of credits

 Master in agricultural bioengineering (120 ECTS)2 crédits 
 Master in environmental bioengineering (120 ECTS)2 crédits 


Hossein Azadi

Language(s) of instruction

English language

Organisation and examination

Teaching in the first semester, review in January


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

1. Project and Definition
2. Project cycle
2.1. Identification : definition - time - costs - examples
2.2. Prefeasibility : definition - time - costs - examples
2.3. Feasibility : definition - time - costs - examples
2.4. Evaluation : ante, ex-post, mid-term
2.5. Financing : definition - time - costs - examples
2.6. The logical framework
2.7. Sector approach and Budgetary aid
3. Financial Analysis
3.1. Prefinancing cash-flow
3.2. Depreciation
3.3. Pay back period
3.4. Discounting : principle - discount rate choice - net present value
3.5. Financial internal rate of return : principle - calculation and examples - interpretation - nominal interest rate - sensitivity analysis and example
3.6. Financing plan : cash flow (CF - Source and application table - examples - exercices)
4. Economic Analysis
4.1. Tradable and non-tradable goods
4.2. Traded and non-traded goods
4.3. Weighting
4.4. Economic internal rate of return - Policy Analysis Matrix
4.5. Effects method
4.6. Impacts indicators

Learning outcomes of the learning unit

Teaching design and assessment techniques of investment - sectoral or/and regional - public, private, associative - projects in a practical way.
After completing the course the student is expected to
- will understand the project cycle management and the logical framework approach
- will be able to quantify in order to decide/rationalize public and private investments choices
- will be able to assess projects in ex-ante and ex-post perpesctives according to the 5 criteria: relevance, effectiveness , efficiency , impact and sustainability

Prerequisite knowledge and skills


Planned learning activities and teaching methods

Mode of delivery (face to face, distance learning, hybrid learning)

Lectures : 12h
Seminars : 12h

Recommended or required readings

1) BRIDIER M. and MICHAILOF S. (1995). Guide pratique d'analyse de projets : Evaluation et choix des projets d'investissement, Ed. Economica, Paris.
2) World Bank - DUVIGEAU J.C. and PARSAD RANGA N. (1985). Directives pour le calcul des taux de rentabilité financière et économique des projet de SFD.
3) European Commission - AIDCO-DG DEV-2004-Aid Delivery Methods-Project cycle management guidelines.
4) European Commission - "Financial and economic analysis of development projects" - 1997.
5) European Commission - DG Regional Policy-2003 - Guide to cost-benefit analysis of investment projects.

Any session :

- In-person

written exam

- Remote

written work

- If evaluation in "hybrid"

preferred remote

Additional information:

Group report (30%) Written exam (70%)

Work placement(s)

Organisational remarks and main changes to the course


Association of one or more MOOCs