Learning outcomes and their compatibility with the teaching method (knowledge, skills and competencies to be developed by students)
The main objective of the curricular unit is to provide students with the essential competences for the fundamentals of microeconomic and financial investment decisions, namely: a) to substantiate the usefulness of project evaluation, b) to understand each of the stages of the cycle from the project; c) to distinguish and characterize each of the different types of project evaluation; d) to base the selection of evaluation criteria based on cash flow; (e) learn how to determine cash flow from the project perspective and from the investor perspective; (f) base investment decisions based on project evaluation criteria.
Syllabus
1. Basic concepts of investment projects
1.1 Investment project concept
1.2The main stages of an investment project
1.3Resource of investment projects
2. Economic and financial evaluation of investment projects.
2.1 Financial calculation elements.
2.2 The concept of cash flow.
2.3 Cash flow and accounting profit.
2.4 Time scaling of cash flows.
2.5 The residual value of the investment 2.6 The cash flow from the project's perspective and from the investor's point of view.
2.7 The atual rate.
2.8 Valuation criteria based on cash flow: VAL, IRR, TIRM, Pay-Back, Profitability Index
2.9 Valuation at constant prices and current prices.
Demonstration of the syllabus coherence with the curricular unit¿s learning objectives
The syllabus of the curricular unit Investment Project Analysis were defined according to the objectives and competencies to be acquired by students. Thus, in a more detailed:Section 1 of the syllabus materialize the objectives a), b) and c);Section 2 of the syllabus materialize the objectives d), e) and f).
Assessment
Continuous assessment consists of: a mini test (30%), an assignment (25%) and a test (45%). It is considered that the student is in continuous assessment from the moment he participated in any element of assessment. In continuous assessment and regular period examination it is necessary to comply with the frequency regime, that is, 2/3 attendance. Students who are enrolled in other years and there are overlapping classes, the frequency regime does not apply. The final exam consists of a written exam (60%) and an oral exam (40%). Conditions for admission to the regular period exam: students who have not participated in the continuous assessment. The use of a graphing calculator is not allowed at any time of evaluation. The use of a computer or other electronic device is not allowed in the classroom, unless requested by the teacher.
Demonstration of the coherence of teaching and evaluation methodologies between the learning objectives of the curricular unit
In theoretical classes are presented the theoretical concepts and some practical examples. In the other classes are solved practical problems and adjusted every appropriate curriculum, which allows, in a proportionate and gradual that students acquire the necessary skills. The objectives of the curricular unit are the underlying theoretical and practical presentation of the concepts and then achieving resolution through practical cases.
Bibliography (Mandatory resources)
Barros, H. (2014) Análise de Projetos de Investimento, Edições Sílabo, Lisboa.
Brealey, R., Myers, S. & Allen, F. (2020). Principals of Corporate Finance, 13th Edition, McGraw-Hill.
Lisboa, J. & Augusto, m. (2019) Cálculo Financeiro, Vida Económica.
Megre, L. (2018) Análise de Projetos de Investimento - uma perspetiva económica, Edições Sílabo.
Pereira, N. (2006) Manual de Avaliação Financeira de Projetos, 1.ª Edição, Amibússola, Santarém.
Soares, I., Moreira, J., Pinho, C., Couto, J. (2012) Decisões de Investimento? Análise Financeira de Projetos, Edições Sílabo.
