MPE_TIAP Transport Investment Appraisal

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
0/0/0. 6 credit(s). Type of Completion: zk (examination).
In-person direct teaching
Teacher(s)
Prof. Christopher Alfred Nash, PhD, dr. h.c. (lecturer)
Ing. Tomáš Paleta, Ph.D. (lecturer)
Ing. Monika Jandová, Ph.D. (assistant)
Guaranteed by
prof. Ing. Zdeněk Tomeš, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Mon 7. 10. 9:00–12:00 168, Wed 9. 10. 9:00–12:00 168, Thu 10. 10. 9:00–12:00 168
Prerequisites (in Czech)
SOUHLAS
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 25 student(s).
Current registration and enrolment status: enrolled: 7/25, only registered: 3/25
fields of study / plans the course is directly associated with
there are 12 fields of study the course is directly associated with, display
Course objectives
This course will examine the principles of project appraisal and current British practice, including the ongoing debate about the wider economic impact of transport projects. Britain has routinely used project appraisal of transport schemes as part of its decision making process for approaching 50 years and is widely recognised as a world leader in the field. Starting from the principles of cost-benefit analysis and financial appraisal, and includes worked examples and case studies from road and rail. Recent technical developments and appraisal issues are also covered.
Learning outcomes
The students will be able to:
- understand and discuss the main approaches to CBA and financial appraisal;
- explain methods and techniques of project appraisal;
- evaluate and discuss costs and benefits of transport projects;
- undertake transport investment appraisal.
Syllabus
  • Principles of project appraisal; financial appraisal and cost-benefit analysis
  • Capital budgeting. Acceptance tests, choice between alternatives, capital rationing, deferment, examples
  • Financing transport projects; the effects of alternative financing media in appraisal; purchase and lease finance
  • Valuation of costs and benefits (1); willingness to pay methods (RP & SP); valuation of travel time benefits
  • Valuation of costs and benefits (2); applications to safety and environmental impacts
  • Allowing for risk and uncertainty in transport appraisal
  • Rail project appraisal case study
Literature
  • CAMPBELL, Harry F. and Richard P. C. BROWN. Cost-benefit analysis : financial and economic appraisal using spreadsheets. Third edition. London: Routledge, Taylor & Francis Group, 2023, xxv, 462. ISBN 9781032320755. info
  • Economic Appraisal Vademecum 2021-2027. Brussels: European Commission, 2021, 98 pp. ISBN 978-92-76-40462-0. Available from: https://dx.doi.org/10.2776/182302. info
  • COLE, Stuart. Applied transport economics : policy, management & decision making. 3rd ed. London: Kogan Page, 2005, xiv, 449. ISBN 074944102X. info
Teaching methods
The course has a form of a lecture and class discussions. The lectures are divided into three parts (in three days).
The course includes self-study, reading of articles and preparation for the final exam of approximately 125 hours.
Assessment methods
The exam is in a form of written exam in form of Open-ended questions.The course can be completed in case of a stay abroad: participation in lectures is optional, and the exam can be taken after returning.
Language of instruction
English
Further comments (probably available only in Czech)
The course is taught annually.
General note: Výuka proběhne 7., 9. a 10. 10. vždy od 9 do 12 hodin v knihovním boxu č. 1.
The course is also listed under the following terms Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2024/MPE_TIAP