This course is devoted to the techniques of
cost-benefit analysis of investment projects. The course covers both the
analytical techniques and as well as their practical applications in
decision-making. The course topics will cover financial modeling, alternative
investment criteria, and maintaining consistency between real and nominal
prices, inflation rates, exchange rates and interest rates. It will also cover
how to determine the optimal scale and timing of investments and how to
construct income statements and balance sheets from cash flow projections. LECTURE NOTES
