Course aims:

The aim of this course is to contribute to training and development of the theoretical and practical skills of students in order to evaluate and substantiate the investments projects in companies.
The beginning of the course presents some aspects concerning the complexity of the concept of „investments” and the impact on economic growth.
Other aspects of the course deal with possibilities to evaluate the economic efficiency of the capital investments in companies, financing management decisions, forms of finance for investments, financial risks.

Course Entry Requirements:

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Course contents:

1. Investments in economy 2. Forms of investments financing in companies 3. Analysis of the economic efficiency of capital investment. General indicators of efficiency 4. Analysis of the economic efficiency of capital investment. Specific indicators of efficiency 5. Present value of the capital investment 6. Risks analysis of the capital investment

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:

- Knowledge of the main elements of the investment process management - Calculation of the essential indicators of the investment processes - Practical skills on techniques underlying the investment decisions - Determining the economic efficiency of capital investment - Capacity for analysis and decision under risk in the investment processes

Learning outcomes verification and assessment criteria:

Written exam – 75%; verification during semester – 25%.

Recommended reading:

• Agar C., Capital Investment and Financing: a practical guide to financiala evaluation, Elsevier Finance, 2005
• Brealey R.A., Myers S.C., Brattle Group, Capital Investment and Valuation, McGraw Hill Professional, 2003
• Burja Camelia, Investiţii: ghid metodologic şi aplicativ, Editura Risoprint, Cluj-Napoca, 2009