2017-2018 / GEST3020-1

Conceiving and economic assessment of project : food crop and agroforestry

Duration

12h Th, 12h SEM

Number of credits

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

Lecturer

Baudouin Michel

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

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

None

Planned learning activities and teaching methods

Mode of delivery (face-to-face ; distance-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.

Assessment methods and criteria

Group report (30%)
Oral examination (70%)

Work placement(s)

Organizational remarks

Contacts