University of Liege | Version française
Academic year 2014-2015Value date : 25/10/2014
GEST3020-1  Conceiving and economic assessment of project : food crop and agroforestry

Duration :  12h Th, 12h SEM
Number of credits :  
Advanced Master in Rural Economics and Sociology4
Master in Agricultural Bioengineering, Professional Focus, 2nd year2
Master in Environmental Bioengineering, Professional Focus, 2nd year2
Lecturer :  Baudouin Michel
Language(s) of instruction :  
French language
Organisation and examination :  
Teaching in the first semester, review in January
Course 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 course :  
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
Prerequisites and co-requisites/ Recommended optional programme components :  
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 :  



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