156-0555/01 – Public sector economics and project evaluation (PSE)

Gurantor departmentDepartment of Applied EconomicsCredits4
Subject guarantorDr. Stefano MainardiSubject version guarantorDr. Stefano Mainardi
Study levelundergraduate or graduate
Study languageEnglish
Year of introduction2016/2017Year of cancellation2019/2020
Intended for the facultiesEKFIntended for study typesBachelor, Follow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
MAI0038 Dr. Stefano Mainardi
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 2+0

Subject aims expressed by acquired skills and competences

To strengthen the skills of course participants in the areas of economic evaluation of investment projects and related issues in public sector economics

Teaching methods




Compulsory literature:

Brent, R.J. (2007/1997): Applied Cost-Benefit Analysis, E. Elgar, Cheltenham.

Recommended literature:

Black, P., E. Calitz, T. Steenekamp (Eds.) (2012): Public Economics, Oxford University Press, Cape Town. Brent, R.J. (2009): Handbook of Research on Cost-Benefit Analysis, E. Elgar, Cheltenham. Kirkpatrick, C., J. Weiss (Eds.) (1996): Cost-Benefit Analysis and Project Appraisal in Developing Countries, E. Elgar, Cheltenham. Nas, T. (1996): Cost-Benefit Analysis: Theory and Applications, SAGE, London. Pearce, D., C. Nash (1982): The Social Appraisal of Projects: A Text in Cost-Benefit Analysis, MacMillan, Basingstoke. Ray, A. (1986): Cost-Benefit Analysis. Issues and Methodologies, J. Hopkins University Press. Stermole, F.J. (1980): Economic Evaluation and Investment Decision Methods, Investment Evaluations Corp. (IEC), Golden, Colorado. Vajpayee, S.K. (2001): Fundamentals of Economics for Engineering Technologists and Engineers, Prentice-Hall, New Jersey.

Way of continuous check of knowledge in the course of semester


Další požadavky na studenta



Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1 Time value of money 1a Introduction 1b Depreciation, depletion, amortization and cash flow 2 Economic evaluation methods 2a Present/annual/future worth, rate of return, breakeven, and increment cost analysis 2b Sensitivity and risk analysis 2c After-tax discounted cash flow, replacement, and leveraged investment analysis 2d Case studies (evaluation of mineral investment projects and chemical manufacturing projects) 3 Estimating investments and production costs 4 Social value and cost-benefit models 5 Principles of welfare economics for evaluation of public investment 6 Shadow prices 7 External effects, public investment, intangibles, and marginal cost of public funds 8 Distribution weights and social discount rate 9 Risk analysis for public investment evaluation

Conditions for subject completion

Full-time form (validity from: 2016/2017 Winter semester, validity until: 2019/2020 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination 100 (100) 51
        written exam Written test 50  25
        computer-based practical Laboratory work 25  11
        seminar presentation on a specific topic Project 25  15
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming students - master study 2018/2019 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2017/2018 Full-time English Choice-compulsory 163 - International Office stu. block