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ECONOMIC EVALUATION OF PROJECTS

CODE 98113
ACADEMIC YEAR 2021/2022
CREDITS
  • 4 cfu during the 1st year of 10719 ENGINEERING FOR BUILDING RETROFITTING(LM-24) - GENOVA
  • 4 cfu during the 2nd year of 9914 INGEGNERIA EDILE - ARCHITETTURA (LM-4) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR ICAR/22
    LANGUAGE English
    TEACHING LOCATION
  • GENOVA
  • SEMESTER 1° Semester
    MODULES This unit is a module of:
    TEACHING MATERIALS AULAWEB

    AIMS AND CONTENT

    LEARNING OUTCOMES

    The course deals with the theoretical and operational tools related to the economic and financial sustainability assessment of interventions on built heritage at the construction and urban scale.

    AIMS AND LEARNING OUTCOMES

    The aim of the module is to teach students the evaluation methodologies that allow the evaluation of the economic-financial feasibility of building interventions, whether new construction, recovery or energy and / or structural retrofitting.

    The methodologies dealt with allow for the attainment of the knowledge to face and solve the questions related to the evaluation of the economic-financial feasibility of the interventions, in the different phases of project development.

    TEACHING METHODS

    The module is developed in three levels:

    • lectures in the classroom and on the Teams platform of the "Economic evaluation of projects_21_22" module;
    • thematic analysis by consulting documents and others materials available on-line (on the Aulaweb and Teams of the modue);
    • a practical activities by means the development of evaluation exercise to be carried out individually by each student.

    SYLLABUS/CONTENT

    The module is divided in two parts:

    First part

     

    • Introduction to the valuation of real estate investments
    • Types of real estate investments and characteristics
    • Real estate investors
    • The real estate market: characteristics
    • Cost-Benefit Analysis: "private" approach
    • The indicators of economic and financial sustainability
    • Elements of financial mathematics: examples and exercises

    Second part

    • Applications of Cost-Benefit Analysis with a "private" approach: case studies

    The student will develop, individually or in groups, an exercise on the Cost-Benefit Analysis of a property development intervention or energy retrofitting on an existing building

    The exercise is mandatory for the exam.

    RECOMMENDED READING/BIBLIOGRAPHY

    Slides of the module (available on Aulaweb and Teams of the module).

    Forte C., De Rossi B., 1996, Principi di economia ed estimo, ETAS, Milano.

    Grillenzoni M., Grittani G., 1994, Estimo: teoria, procedure di valutazione e casi  applicativi, Edagricole, Bologna.

    Mondini G., Bottero C., 2009, Valutazione e sostenibilità, Celid, Torino.

    Nuti F., 1987, L’analisi Costi Benefici, Il Mulino, Bologna.

    Prizzon F., 1995, Gli investimenti immobiliari, Celid, Torino

    Roscelli R., 2014, Manuale di estimo. Valutazioni Economiche ed esercizio della professione, UTET, Torino. 

    Manganelli B., 2015, Real Estate Investing: Market Analysis, Valuation Techniques, and Risk Management, Springer, ISBN 978-3-319-06396-6.

    Boardman, A.E., Greenberg, D.H., Vining, A.R. and Weimer, D.L., 2016, Cost-Benefit Analysis: Concepts and Practice, 3rd edition,  Upper Saddle River, New Jersey: Pearson Prentice Hall. ISBN 9781292035123.

    Brown G.R., Matysiak G.A., 2000, Real Estate Investment – A Capital Market Approach,  Financial Times Prentice. ISBN 130200638. 

    Linneman P., 2004, Real Estate Finance and Investments: Risks and Opportunities, Linneman Associates, Philadelphia, PA (United States). ISBN: 0974451835

     

     

    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 exam is in written form.

    The student will have to answer four questions concerning the theoretical and operational tools dealt with in class.

    ASSESSMENT METHODS

    The assessment of the learning by the student of the theoretical and operational tools takes place:

    • through the evaluation of the exercise (compulsory) carried out individually or in groups that aims to ascertain the learning and the ability to apply the theoretical tools treated in class;
    • through the evaluation of the written test that aims to ascertain the learning of the theoretical and operational tools discussed in the course.

    Exam schedule

    Date Time Location Type Notes
    20/12/2021 14:30 GENOVA Scritto
    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 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).
    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.