Module: Farm and Project Evaluation (4904-450)

Persons:

• Prof. Dr. Thomas Berger (verantwortlich)
• Prof. Dr. Manfred Zeller (verantwortlich)

Degree Program:

• Agricultural Sciences - Agricultural Economics (Master, since 01.10.2014)
  1. Semester, semi-elective
• Agricultural Sciences in the Tropics and Subtropics (until WS 2018/19) (Master, since 01.10.2014)
  3. Semester, compulsory
• Agricultural Sciences in the Tropics and Subtropics (from WS 2019/20 on) (Master, since 01.10.2019)
  3. Semester, elective
• Bioeconomy (Master, since 01.10.2014)
  3. Semester, elective
• Bioeconomy (starting WS 16/17) (Master, since 01.04.2017)
  3. Semester, elective

Relation to other Modules:

n/a

Prerequisites for Attendance:

Proficiency in using spreadsheet applications (MS-Excel)

Sprache:

English

ECTS:

6 credits

Frequency:

every winter semester

Length of the Module:

1 semester

Module examination:

Component examinations

Final examination:

Component examinations for 4904-451 and 4904-452

Workload:

56 h presence + 104 h preparation at home + exam = 160 h workload

Professional competences:

The objective of the farm level part of this module is to provide the necessary tools to conduct detailed farm business analyses. Students will be taught the basic accounting concepts such as depreciation, balance sheet, income statement and the various forms of budgeting, such as partial, enterprise, whole farm and cash flow budgets. The specific goal is to enable students to analyze the liquidity, solvency and investments in farm businesses, the financial feasibility of investments, as well as understand the basic economics of credit use.

The project part of the course focuses on project evaluation on an economic basis, taking into account the values for revenues and resources allocated in the project. These values are adjusted, as compared to market values, for market and policy distortions. Further, methods are discussed on how to value other than economic project outcomes, in particular in the social and environmental context.

Key competences:

Analytical thinking, oral presentation, scientific reading

Comments:

Laptop required for computer exercises in class

Limited number of particpants - students must register in ILIAS before the module starts

Courses