MySchool

Department of Engineering
Dean:	Dr. Ármann Gylfason
Email:	ru@ru.is
Website:	http://www.ru.is/tvd
Teachers	View

MSc in Sustainable Energy Science - Iceland School of Energy
Semesters:	4
Years:	2
ETCS:	120
About major	MSc í orkuvísindum er nám hannað fyrir nemendur með ólíkan bakgrunn, t.d. viðskiptafræði, raunvísindi eða félagsvísindi sem hafa áhuga á að skilja samspil tækni, hagfræði og stefnumótunar á sviði endurnýjanlegrar orku.
Learning Outcomes	View

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	Mandatory course on major		Teaching language
	Optional course on major		Prerequisites for course

Vorönn/Spring 2024

Energy Study Trip

ISE-04

ECTS 3

Environmental Law

L-808-UMHR

ECTS 7,5

Power Plant Design

SE-815-PPE

ECTS 6

Geothermal Science I

SE-829-GS1

ECTS 5

Geothermal Science II

SE-829-GS2

ECTS 5

Energy Financial Assessment

SE-833-FA2

ECTS 6

Year

1. year

Semester

Spring 2024

Level of course

4. Second cycle, introductory

Type of course

Elective

Prerequisites

No prerequisites.

Schedule

Taught during the 12 week teaching period.

Lecturer

Páll Jensson

Content

After the course students will be able to develop computer models to assess the profitability/feasibility of investments.

Learning outcome - Objectives

At the end of the course, the student will be able to develop mathematical models to evaluate the profitability/feasibility of investments. This main criterion can be broken down into the following sub-criteria:

Understand the theoretical basis of profitability assessment and the time value of money
Calculate the main measures of profitability, incl. present value and compound interest
Use the three-point method for planning and estimating initial costs
Understand the concept of working capital requirements
Know and calculate the main ways to finance a project
Make a model of the operating account, cash flow and balance sheet of companies
Understand the context and differences between these accounts
Discuss and explain the main terms and methods of accounting and financial management
Calculate the main key figures in business operations
Present and interpret the results of profitability calculations
Do a sensitivity analysis, incl. sensitivity star and scenario analysis for projects
Perform Monte Carlo simulations for project risk assessment
Use decision trees for investment decisions
Understand decision-making methods when there are multiple objectives and be able to use the AHP method
Understand the difference between a feasibility study and a business plan and the objectives of each
Write a good business plan that includes a budget for an investment project