Lecture 01: Introduction to Project Appraisal and Project Cash Flow
Nguyen Xuan Thanh
Readings:
1. WBI, Chapters 1 & 2.
2. SHD, Chapter 1, 2 and 3: 3.1 & 3.2.
3. Phu My Electricity Project 2.2
Lecture 02: Cash Flows and Project Appraisal Criteria
Nguyen Xuan Thanh
Readings:
1. SHD, Chapter 4.
2. WBI, Technical Appendix, pp. 289-298.
3. Finnerty, Chapter 9.
4. SHD, Chapter 3: 3.3.
Distribution of Problem Set 1, due on Monday, 13 July 2015.
Review 01: Cash Flow and Present Values (optional)
Hoang Van Thang
Case 01: Project appraisal based on cash flow method
Nguyen Xuan Thanh
Readings:
1. Kho Son Cement project appraisal: similarities of different cash flow methods, FETP case study.
The course is divided into two major parts. In the first part of the course, we discuss the fundamentals of project financial appraisal, ranging from project structure to the financial cost of capital, the construction of cash flows, the application various appraisal criteria, basic financial model and risk management. The second part of the course is devoted to the social and economic appraisal of a public investment project, including the methods of estimating the economic costs and benefits of project inputs and outputs in different market structure and extortion, the economic values of production factors such as capital, land, foreign currency and the evaluation of stakeholder impacts.
While there are formal lectures every week, more than half of class time will be devoted to case study discussion. Students will have to use the knowledge and skills acquired in formal lectures and readings to analyze real cases within the context of public investment in Vietnam and the world.
