Course Details


Academic Year 2024/25

NVA068 course is part of 1 study plan

NPC-ARS / ARA Summer Semester 1st year

Course Guarantor


Language of instruction



4 credits



Forms and criteria of assessment

course-unit credit and examination

Offered to foreign students

Not to offer

Course on BUT site


13 weeks, 2 hours/week, elective


1. Theoretical aspects of investment, economic policy

2. Cycle and phases of investment plan

3. Feasibility study

4. Total project costs (investment costs, working capital)

5. Financing of investment projects (internal and external resources)

6. Capacity, production inputs. Returns and production costs.

7. Income statement, balance sheet, CF statement

8. Economic efficiency of investment ratios (NPV, IRR, PB)

9. Risk and uncertainty analysis (profit, sensitivity and probability analysis)

10. Project evaluation with risk and uncertainty – probability and decision trees

11. Project evaluation with risk and uncertainty – decision matrix, decision rules

12. Inflation, nominal and real values

13. Portfolio theory


13 weeks, 2 hours/week, compulsory


1. Assessment of the cost-effectiveness of projects. 2. SWOT analysis - Case Study. 3. Analysis of problems and solutions. 4. Logical Framework - Case study. Determination of connection hypotheses. Entering the project. 5. Individual project work - Logical Framework. 6. Presentation of results. 7. Cost methods of project evaluation - Case Study. 8. CBA analysis. Cost-effectiveness of the project. Individual work. 9. CBA analysis. The economic efficiency of the project. Individual work. 10. – 11. CBA analysis. The sensitivity analysis. Individual work. 12. Presentation of results. 13. Credit.