| Study programme competencies |
| Code | Study programme competences |
| A1 | Manage an enterprise or small organization, understanding their competitive and institutional position and identifying their strengths and weaknesses |
| A2 | Integrate in any functional area of micro-firms or SMEs and perform fluently any management task commissioned |
| A3 | Evaluate and foreseeing, from relevant data, the development of a company. |
| A4 | Elaborate advisory reports on specific situations of companies and markets |
| A5 | Write projects about specific functional areas (e.g. management, marketing, financial) of the company |
| A6 | Identify the relevant sources of economic information and to interpret the content. |
| A8 | Derive, based on from basic information, relevant data unrecognizable by non-professionals. |
| A9 | Use frequently the information and communication technology (ICT) throughout their professional activity. |
| A10 | Read and communicate in a professional environment at a basic level in more than one language, particularly in English |
| A11 | To analyze the problems of the firm based on management technical tools and professional criteria |
| B1 | CB1-The students must demonstrate knowledge and understanding in a field of study that part of the basis of general secondary education, although it is supported by advanced textbooks, and also includes some aspects that imply knowledge of the forefront of their field of study |
| B2 | CB2 - The students can apply their knowledge to their work or vocation in a professional way and have competences typically demostrated by means of the elaboration and defense of arguments and solving problems within their area of work |
| B3 | CB3- The students have the ability to gather and interpret relevant data (usually within their field of study) to issue evaluations that include reflection on relevant social, scientific or ethical |
| B4 | CB4-Communicate information, ideas, problems and solutions to an audience both skilled and unskilled |
| B5 | CB5-Develop skills needed to undertake further studies learning with a high degree of autonomy |
| B6 | CG1-Perform duties of management, advice and evaluation in business organizations |
| B7 | CG2-Know how to use the concepts and techniques used in the various functional areas of the company and understand the relationships between them and with the overall objectives of the organization |
| B8 | CG3- Know how to make decisions, and, in general, assume leadership roles. |
| B9 | CG4-Learn to identify and anticipate opportunities, allocate resources, organize information, select and motivate people, make decisions under conditions of - uncertainty, achieve the proposed objectives and evaluate results |
| B10 | CG5-Respect the fundamental and equal rights for men and women, promoting respect of human rights and the principles of equal opportunities, non-discrimination and universal accessibility for people with disabilities. |
| C1 | Express correctly, both orally and in writing, in the official languages of the autonomous region |
| C4 | To be trained for the exercise of citizenship open, educated, critical, committed, democratic, capable of analyzing reality and diagnose problems, formulate and implement knowledge-based solutions oriented to the common good |
| C5 | Understand the importance of entrepreneurial culture and know the means and resources available to entrepreneurs |
| C6 | Assess critically the knowledge, technology and information available to solve the problems and take valuable decisions |
| C7 | Assume as professionals and citizens the importance of learning throughout life. |
| C8 | Assess the importance of research, innovation and technological development in the economic and cultural progress of society. |
| Learning aims | |||
| Learning outcomes | Study programme competences | ||
| Deepen the understanding of financial logic | A1 |
B1 B2 |
C6 C8 |
| Understand the groundings of investment project analysis | A1 A3 |
B3 B7 B10 |
C4 |
| Know how to evaluate a non-financial investment | A2 A4 A5 A6 A8 A11 |
B5 B8 |
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| Know how to develop models and how to apply IT tools | A5 A9 |
B3 B5 B7 |
C5 C7 |
| Know how to formulate and defend a financial project | A10 A11 |
B3 B4 B6 B7 B8 B9 B10 |
C1 C5 C8 |
| Contents |
| Topic | Sub-topic |
| Evaluating investment projects. The value. | Introduction to investment analysis. Fundamentals and phases of the evaluation model. The cash flows (direct method) The cash flows (indirect method). The Net Present Value The Internal Rate of Return Other criteria: Payback, Annuity and Profitability index |
| Risk in individual projects | Risk and Uncertainty. Sensitivity analysis. Introduction to simulation. Decision trees. |
| Advanced investment analysis tools | Investment in equipment. Investment decisions under capital rationing. Multicriteria decision making. AHP |
| Planning | ||||
| Methodologies / tests | Competencies | Ordinary class hours | Student’s personal work hours | Total hours |
| Guest lecture / keynote speech | A1 A3 A4 A8 A10 A11 B1 B6 B7 B10 C1 C4 C6 C7 C8 | 17 | 34 | 51 |
| Case study | A1 A2 A3 A4 A5 A6 A8 A10 A11 B2 B3 B4 B5 B6 B7 B8 B9 C1 C6 C7 | 25 | 50 | 75 |
| ICT practicals | A1 A2 A3 A4 A5 A6 A8 A9 A10 A11 B2 B3 B4 B5 B6 B7 B8 B9 C1 C5 C6 C7 | 4 | 8 | 12 |
| Mixed objective/subjective test | A3 A4 A8 A10 A11 B2 B3 B5 B6 B7 B8 C1 C6 | 2 | 9 | 11 |
| Personalized attention | 1 | 0 | 1 | |
| (*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. | ||||
| Methodologies |
| Methodologies | Description |
| Guest lecture / keynote speech | Presentation of the general aspects of the subject. |
| Case study | The core of the course will be the analysis of realistic investment projectss. Additional exercises will deal with specific models and techniques. |
| ICT practicals | Development and application of analytical models using spreadsheet and / or specific software |
| Mixed objective/subjective test | Written examination of theoretical-practical content |
| Personalized attention |
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| Assessment | |||
| Methodologies | Competencies | Description | Qualification |
| Mixed objective/subjective test | A3 A4 A8 A10 A11 B2 B3 B5 B6 B7 B8 C1 C6 | With an essentially practical focus, pretends to measure the general quality of the learning, the skills and competencies developed by the students. | 60 |
| ICT practicals | A1 A2 A3 A4 A5 A6 A8 A9 A10 A11 B2 B3 B4 B5 B6 B7 B8 B9 C1 C5 C6 C7 | ICTs have in this subject an instrumental role. Accordingly, while these skills will not be assessed directly, some evaluated problem solving might make use of IT tools. | 0 |
| Case study | A1 A2 A3 A4 A5 A6 A8 A10 A11 B2 B3 B4 B5 B6 B7 B8 B9 C1 C6 C7 | The capacity to frame and solve models for investment project evaluation will be valued. | 40 |
| Assessment comments | |||
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The evaluation criteria are applied with complete uniformity in the "opportunities" of June and July, and also for part-time students. The continuous evaluation is embodied within According to the applicable regulations, the exams will be performed at official dates, except in cases expressly considered in academic regulations. The mark "absent" will be awarded when activities carried out weigh less than 20% in the evaluation (regardless of peformance). In the early call opportunity, evaluation is carried out by a specific exam, comprehensive of all contents and skills of the subject. |
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| Sources of information |
| Basic |
Fernández Castro, A.S. e Iglesias Antelo, S. (2000). Métodos Cuantitativos de Selección de Inversiones. Casos prácticos. . Santiago: Tórculo Edicións
BREALEY, R.A.; MYERS, S.C y ALLEN, F. (2010). PRINCIPIOS DE FINANZAS CORPORATIVAS, 9ª ed.. MacGraw-Hill
(). Principles of Corporate Finance. |
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Other editions of the the handbook of Brealey & Myers, or of other books of them, also provide support for most of the concepts discussed. |
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| Complementary |
Suárez, A. (2005 ). Decisiones óptimas de inversión y financiación en la empresa. . Madrid: Pirámide
Piñeiro, C.; de Llano, P (2006). Dirección Financiera: modelos avanzados de decisión con Excel. . Madrid: Delta
Boedo Vilabella, Lucía (2010). Evaluación de un proyecto de inversión en entornos de certeza, riesgo e incertidumbre. . Editorial Reprografía del Noroeste, A Coruña
Berk, J.; DeMarzo, P. (2017). Finanzas Corporativas / Corporate Finance. Pearson
Pindado García, J. (2012). Finanzas Empresariales.. Madrid: Paraninfo
Doldán, F. (2003). Métodos cuantitativos de selección de inversiones. . Santiago: Tórculo |
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| Recommendations | ||||
| Subjects that it is recommended to have taken before | ||||
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| Subjects that are recommended to be taken simultaneously |
| Subjects that continue the syllabus | ||
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| Other comments | |
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It is not permitted the use of mobile phones in the classroom. |