Studying at the University of Verona
Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.
Study Plan
This information is intended exclusively for students already enrolled in this course.If you are a new student interested in enrolling, you can find information about the course of study on the course page:
Laurea magistrale interateneo in Viticulture, enology and wine marketing - Enrollment from 2025/2026The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.
1° Year
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2° Year activated in the A.Y. 2017/2018
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Legend | Type of training activity (TTA)
TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.
Wine business management tools - INVESTMENT ANALYSIS AND APPRAISAL IN THE WINE BUSINESS (2017/2018)
Teaching code
4S003386
Teacher
Credits
5
Language
Italian
Scientific Disciplinary Sector (SSD)
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL
Period
Not yet assigned
To show the organization of the course that includes this module, follow this link: Course organization
Learning outcomes
The objective is to provide students with the principles guiding the analysis of investments in the various activities of the wine-production sector. The teaching is developed from the teaching of the principal topics in financial maths (simple and compounded interest, discounting, present value calculation of different capital flows, periodicities, and capitalisation). Each of the topics is contextualised to the wine-production sector (hanging fruit valuation, vineyard cycle, circulating capital, etc.). The course proceeds with the introduction to the concepts of risk and uncertainty in the returns from investments in the firm and outside the firm, to diversify risk. Various risk profiles from investment and portfolio composition techniques are discussed for various forms of wine-production firms, depending on the output market, production structure, and forms of competition. Students will be exposed to a review of the various financial products (shares, bonds, and securities) focussing on the difference between market and subjective valuations. Rural estate appraisal concepts will also be covered, such as market value and its determinants, change value and substitute value.
Program
1. Introduction to the course and its organisation
2. Diversity between saving and investment
3. Principles of financial mathematics, interest (simple and compounded), periodicities, annuities, discounting and the role of time, present & future value.
4. Investment in wine production and the structure of the firm
5. Examples of financial mathematics and the cycle of the vineyard, hanging fruit valuation, the value of aged wine and its investment potential (group assignment)
6. Identification of the returns to investment from labour-saving technology
7. Evaluation of the returns from vertical and horizontal integration
8. When does investing in a bottling plant is covenient?
9. Risk and uncertainty, production side risk and its effect on investment
10. Main sources of investment risk in wine production: e.g. transformation of grape and supply chain management risks
11. Portfolio management and subjective versus market valuation of financial products
12. Grape hail insurance, private and subsidised
13. Numerical risk simulation, with and without subjective probabilities (group assignment)
14. Market value of the vinyeard plot, and market value of the integrated winery
15. Investment in reputation and in the district of production
Examination Methods
Students evaluation takes place on the basis of their participation to group activities during the course, such as group learning, presentations, reports and finalised via a final exam that will be written and eventually oral.
