Syllabus
Registration via LPIS
| Day | Date | Time | Room |
|---|---|---|---|
| Wednesday | 03/07/18 | 03:15 PM - 07:15 PM | TC.5.02 |
| Wednesday | 03/14/18 | 03:15 PM - 06:15 PM | TC.5.02 |
| Wednesday | 03/21/18 | 03:15 PM - 06:15 PM | TC.5.02 |
| Wednesday | 04/11/18 | 03:15 PM - 06:15 PM | TC.5.02 |
| Wednesday | 04/18/18 | 03:15 PM - 06:15 PM | D4.0.022 |
| Wednesday | 04/25/18 | 03:15 PM - 06:15 PM | TC.5.02 |
| Wednesday | 05/02/18 | 03:15 PM - 06:15 PM | TC.5.02 |
The course adresses the challenges emerging in large-scale infrastructure investments in high risk countries. The complexity of megaprojects like the Hamaca oil field (Venezuela), the Chad-Cameroon pipeline or the construction of Hong-Kong Disney Land results in managerial and financial problems that are more pronounced than in traditional corporate investment. Projects are exposed to extensive political, financial and commercial risks. For foreign investors, risk management becomes a key consideration.
In the course possible strategegies for diversifying, transfering and mitigating risk are discussed, based on case studies and empirical academic studies. Such strategies include finacial strategies (project finance), contractual strategies (hedging, insurance, guarantess and non-financial contracts) as well as classical strategic considerations (alliances, co-investment, joint-ventures).
During the course, students
- have acquired theoretical and conceptual knowledge on the nature and particularities of large scale- infrastructure investments,
- become acquainted with the market for infrastructure projects, in particular in developing countries
- have a systematic understanding of risk management techniques in large megaprojects
- are able to analyze and implement a variety of interdisciplinary risk management strategies in international infrastructure investment
- can apply valuation techniques to large-scale infrastructure projects
- become acquainted with a number of successful and unsuccessful cases of infrastructure projects.
The course is divided in equal parts in lectures and interactive presentations. Each session will start with theoretical lecture on the topic at hand. This is followed by student presentations and interactive discussions. For these presentations, all students are required to read two articles per session.
In groups, students present one case study and an empirical academic paper on the topic.
In class contrubutions (individual): 20%
Case Presentation (group): 20%
Paper presentation (group): 20%
Final exam (individual): 40%
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