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 2025/2026

The 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.

CURRICULUM TIPO:

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.




S Placements in companies, public or private institutions and professional associations

Teaching code

4S003386

Coordinator

Riccardo Scarpa

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

This module has the objective to expose students to the principles of investment analysis and of theory of real estate valuation, with specific reference to the wine industry. Starting from the theory of value e from the foundation of financial mathematics, the student is gradually progressed towards learning and professional case studies which are typical of the wine sector, with special reference to investments in land, machinery, integrated (vertical and horizontal) businesses , and human capital, inclusive of multiplier and other spillover effects at the regional level.

Program

1. Introduction to the course and its organisation, history and evolution of the subject, basic concepts and links to economics.
2. Introduction to the elements of financial mathematics and their use in discounting and future values of assets and incomes, interest (simple and compounded), periodicities, annuities, discounting and the role of time, present & future value
3. Diversity between saving and investment, examples in wine sector.
4. Flows of revenues and costs, cumulations at beginning, at the end and at intermediate moments, amortization instalments, annual and multi-annual values limited or perennial.
5. Determinants of discount factors, differences between real and nominal interest rates.
6. Uncertainty in investment plans and its formal inclusion as subjective and objective probabilities.
7. Identification and assessment of the returns to investment from labour-saving technology.
8. A typical revenue and cost distribution over time for a vineyard, and its optimal age of replacement.
9. Investment analysis in activities of wine-making, wine aging and bottling.
10. Assessment of investments from the financial, social and familial perspective.
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 vineyard plot, and market value of the vertically integrated winery
15. Investment analysis in individual reputation and in the district of production
16. Case studies from the world.
17. Tutorials on computation with R (via R-Studio) and MS-Excel

Examination Methods

Students' performance will be evaluated on the basis of a series of criteria aimed at assessing their learning during their participation to team work, the consequent presentations to colleagues and a final written exam, followed by a mark proposal and the potential either confirmation or improvement in the oral exam.

Students with disabilities or specific learning disorders (SLD), who intend to request the adaptation of the exam, must follow the instructions given HERE