The course examines capital budgeting and capital improvement plans, methods for evaluation and prioritizing capital projects, accounting practices related to capital investments, pricing of capital facilities and assets, privatization of capital projects, and methods and techniques of financing capital projects including debt finance. The course will draw on economic theory and principles that underlie capital budgeting, planning and management and will link it to practice. The perquisite for the course is PA 403 (previously 410): Economics for Management and Policy. PA 504: Principles of Financial Management and Budgeting is recommended, but not required. If have not completed PA 403 and PA 504, please contact the instructor prior to taking the course.