International project financing and evaluation (2010/2011)

Course code
4S02462
Name of lecturer
Paolo Pertile
Coordinator
Paolo Pertile
Number of ECTS credits allocated
6
Academic sector
SECS-P/02 - ECONOMIC POLICY
Language of instruction
English
Period
Second semester dal Feb 21, 2011 al May 25, 2011.

Lesson timetable

Learning outcomes

The focus of the course is on the economic evaluation of projects with major impacts from the societal standpoint, for which the information provided by relevant markets is incomplete. The discussion of the theoretical background, mainly based on applied “welfare economics” will be carried on along with the introduction to the techniques typically employed to tackle practical issues in economic evaluation. Students will learn how to integrate information from financial and economic evaluations at the different stages in the project life-cycle. These issues will be also discussed with reference to EU guide-lines for projects candidate to access “structural funds”.
Case studies from a variety of sectors will be presented. Students attending the course will be given the opportunity to work autonomously on a specific case study.

Syllabus

- Financial and economic evaluation in the project life-cycle
- Introduction to large projects financing and evaluation in the EU context
- Applied “welfare economics”: costs and benefits evaluation with market imperfections
- Techniques for evaluation when a market does not exist
- EU guide-lines for cost-benefit analysis of investment projects (Available at: http://ec.europa.eu/regional_policy/sources/docgener/guides/cost/guide2008_en.pdf)
- Risk assessment
- Assessing the convenience of public financing vs. Public Private Partnership (PPP)

Readings in addition to the main references will be suggested during the course

Reference books
Author Title Publisher Year ISBN Note
Boardman, Grenberg, Vining, Weimer Cost-benefit analysis: concepts and practice (Edizione 4) Prentice Hall 2011 978-0-13-231148-9

Assessment methods and criteria

The evaluation will be based on a written examination (including both theoretical and practical questions), followed by an oral (for students who have passed the first part).