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BUILDING ECONOMICS

CODE 98112
ACADEMIC YEAR 2021/2022
CREDITS
  • 4 cfu during the 1st year of 10719 ENGINEERING FOR BUILDING RETROFITTING(LM-24) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR ING-IND/35
    LANGUAGE English
    TEACHING LOCATION
  • GENOVA
  • SEMESTER 2° Semester
    MODULES This unit is a module of:
    TEACHING MATERIALS AULAWEB

    AIMS AND CONTENT

    LEARNING OUTCOMES

    The course on Buildings Economics provides the basics elements on cost-benefit analysis and knowledge on methodologies for the valuation of investment projects. Attention is dedicated to net present value, internal rate of return, payback period and profitability index so to take into account cash flows (costs and revenues) over time as well as techniques for the management of risk and uncertainty with applications to case studies for the valuation of real-estate construction, renovation, investment and management.

    AIMS AND LEARNING OUTCOMES

    The course on Buildings Economics provides the basics elements on methods of economic evaluation to discuss and compare the cost effectiveness of a project’s alternatives. The course equips to understand the concept of the time value of money and the operations of discounting as well as the approaches to perform evaluations in face of inflation and tax effect adjustments. Furthermore, the course provides knowledge to apply the methods of economic evaluation and techniques for dealing with uncertainty and risk to solve real-world problems.

    SYLLABUS/CONTENT

    The course is balanced between the theoretical and practical issues of building economics. It has four major parts: Part 1 of the course presents methods of economic evaluation and shows how and how not to use them. Simple problems illustrate the methods. Part 2 explains how to perform evaluations in the face of inflation, how to adjust for tax effects, and how to find and use necessary data. Part 3 presents techniques for dealing with uncertainty and risk. Part 4 demonstrates how to apply the methods of economic evaluation and techniques for dealing with uncertainty and risk to solve real-world problems.

    RECOMMENDED READING/BIBLIOGRAPHY

    1. Rosalie T. Ruegg, Harold E. Marshall (1990), Building Economics, theory and practice;
    2. Task Group 4, Life Cycle Costs in Construction, Version 29 October 2003. Final Report;

    3. Davis Langdon (2007), Towards a common European methodology for Life Cycle Costing (LCC) - Literature Review. Final Review.

    TEACHERS AND EXAM BOARD

    Exam Board

    PAOLO ROSASCO (President)

    NOVELLA TALA' (President)

    MARCO RABERTO

    LUCA ANTONIO TAGLIAFICO

    LESSONS

    Class schedule

    All class schedules are posted on the EasyAcademy portal.

    EXAMS

    EXAM DESCRIPTION

    The final exam consists of a written examination (open questions and exercises) to cover all the course program. The duration of the written test is about 1.5 hours.

    ASSESSMENT METHODS

    Before taking the written exam will be necessary to submit a report on a case study proposed and developed during the course.

    Exam schedule

    Date Time Location Type Notes
    14/01/2022 14:30 GENOVA Scritto For the exam of "Economic evaluation of projects" (cod. 98113) students who have delivered the exercise on CBA can take the exam.
    11/02/2022 14:30 GENOVA Scritto For the exam of "Economic evaluation of projects" (cod. 98113) students who have delivered the exercise on CBA can do the exam.
    17/06/2022 14:30 GENOVA Scritto
    17/06/2022 14:30 GENOVA Orale
    17/06/2022 14:30 GENOVA Scritto For the exam of "Economic evaluation of projects" (cod. 98113) students who have delivered the exercise on CBA can do the exam. Per l'esame di "Economic evaluation of projects" (cod. 98113) gli studenti devono aver consegnato l'esercitazione sull'Analisi Costi-Benefici (ACB).
    17/06/2022 14:30 GENOVA Orale
    17/06/2022 14:30 GENOVA Scritto
    15/07/2022 14:30 GENOVA Scritto For the exam of "Economic evaluation of projects" (cod. 98113) students who have delivered the exercise on CBA can do the exam.
    15/07/2022 14:30 GENOVA Orale
    15/07/2022 14:30 GENOVA Scritto
    16/09/2022 14:30 GENOVA Orale
    16/09/2022 14:30 GENOVA Scritto