Manuel Filipe Mouta Lopes

Financial Calculus
Financial Planning
Return analysis
Investment selection

As such, it is expected that each student learns to:
- Select the evaluation criteria appropriate to the type of investment study (NPV, IRR, Payback Period);
- Apply the evaluation criteria for valuation of financial and real investments;
- Choose between alternative investments, mutually exclusive, with different time horizons or budgetary constraints.

1. Fundamentals of Financial Calculus: Time dimension, discount and future values; Simple and compound interest; Annuities and perpetuities; Present value and opportunity cost;
2. Financial Planning: Major financial statements; Economic, financial ratios and operational ratios;
3. Criteria for Profitability Analysis of Investment Projects: Net Present Value (NPV); Internal Return Rate (IRR); Other profitability ratios;
4. Choosing among alternative investments: Differential cash flows and replacement investments analysis; Investments analysis with different life cycles; Optimal investment timing and delay option; Budget constraints. 

• Soares, J., Fernandes, A., Março, A. E Marques, J. (2006). Avaliação de Projectos de Investimentos na Óptica Empresarial. Edições Sílabo.
• Brealey, R., Myers, S. e F. Allen (2007). Princípios de Finanças Empresariais. McGraw-Hill.
• Ross, S., Westerfield, R. e Jordan, B. (2005). Corporate Finance Fundamentals. McGraw-Hill.

Blended learning

Evaluation is made on individual basis and it involves the coexistence of two modes: continuous assessment (60%) and final evaluation (40%). Further information is detailed in the Learning Agreement of the course unit.