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  1. Courses

1001637 - VALUTAZIONE ECONOMICA DEI PROGETTI

courses
ID:
1001637
Duration (hours):
200
CFU:
8
SSD:
Cadastral Surveying
Located in:
REGGIO DI CALABRIA
Url:
Course Details:
ARCHITECTURE/comune Year: 5
Year:
2025
  • Overview
  • Syllabus
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Overview

Date/time interval

Primo Ciclo Semestrale (22/09/2025 - 05/12/2025)

Syllabus

Course Objectives

In order to achieve the expected results outlined in the previous section, the following qualifying and specific learning objectives are essential for professional practice.

Qualifying Learning Objectives:

Students will acquire an understanding that building and urban planning projects are conceived, defined, and implemented within the complex economic relationships that shape the real estate and construction markets.

Specific Learning Objectives:

Students will acquire the basic theoretical and methodological framework and the operational tools necessary to understand, formulate, and estimate the effects of different levels of project feasibility at different scales of intervention, an aspect now considered.


Course Prerequisites

For optimal learning outcomes, it is helpful for students to have already acquired the knowledge required in the courses: mathematics fundamentals and materials technology. Therefore, a test will be administered at the beginning of the course to verify that the prerequisites are met.


Teaching Methods

1_ COURSE STRUCTURE AND TEACHING

Lectures: (hours/year in class): 50

Exercises: (hours/year in class): 11

Practical activities: (hours/year in class): 10

Other: 9 (thematic seminars)

Calendar of training activities: first semester

2_ STUDENT AUTONOMOUS LEARNING

Students' independent work will include:

- in-depth study of the bibliography (theoretical part)

- preparation for midterm tests

- preparation for exams

Specifically, students' independent work will aim to:

- deepen their understanding of the topics covered in class and seminars using the recommended texts in the course syllabus;

- integrate the syllabus topics with their own personal contributions.


Assessment Methods

Attendance is mandatory and must not be less than 70% of the course hours.

During the course, the following will be included:

1. Tests to verify the fulfillment of prerequisites;

2. Interim tests at the end of each part of the program and seminars;

3. Thematic exercises.

Students who attend less than 70% of the course hours, who have not actively participated in the classroom exercises, and who have not taken the intermediate tests will not be admitted to the exam.

Working students may opt out of the attendance requirement, but must notify the instructor at the beginning of the course and agree on the program to be covered.

Exam Procedure: The final exam is individual. The theoretical, methodological, and applied knowledge will be assessed through an oral exam. The results of the various tests and the oral exam will contribute to the final course grade.

Attendance is mandatory and cannot be less than 70% of the course hours.

During the course, the following will be included:

1. Tests to verify the fulfillment of prerequisites;

2. Interim tests at the end of each part of the program and seminars;

3. Thematic exercises.

Students who attend less than 70% of the lessons, who have not actively participated in the classroom exercises, and who have not taken the interim tests will not be admitted to the exam.

Working students may opt out of the attendance requirement, but must notify the instructor at the beginning of the course and agree on the program to be covered.



Texts

1. Forte C., De Rossi B. (1979) Principi di Economia ed Estimo. Etaslibri. Milano (capitoli 1, 3, 4 e7).

2. Del Giudice V. (2025) Estimo e valutazione economica dei progetti. Profili metodologici e applicazioni al settore immobiliare. Paolo Loffredo iniziative editoriali. Napoli

3. Mollica E., Musolino M. (2000) “Metodi e strumenti di valutazione applicati alla conservazione ambientale e culturale”. Pagine di Estimo. Quaderni del Dipartimento Patrimonio Architettonico e Urbanistico. Università degli Studi di Reggio Calabria, nn.16-18. Inserto, pp. 1-36.

Other sources will be provided by Professor during the course.


Contents


1_DESCRIPTION

The course completes the student's training by objectively comparing:

-the design skills acquired

-with the demands expressed by public and private clients,

-and with the cost and price systems that can arise from design activity.

Students acquire an understanding that architectural projects are conceived, defined, and implemented within the complex economic relationships that shape the real estate and construction markets.

They also acquire the basic theoretical and methodological framework and operational tools necessary to understand the effects of different levels of feasibility, both in terms of:

-compatibility with spending capacity

-and economic viability compared to alternative investments.

2_COURSE SYLLABUS

The course provides: basic concepts of microeconomics and financial mathematics, which are essential for understanding the theory and methodology of Civil Appraisal; and the application of economic appraisal tools and project evaluation techniques. The focus is on estimating market value, cost value, and Life Cycle Cost, including in relation to specific cases. The program is divided into three parts.

FUNDAMENTALS OF MICROECONOMICS

Scarcity, economic goods, need, and utility. Public goods and private goods. Use/utility value and exchange value. Market demand theory: utility theory; consumer behavior and equilibrium. Supply theory: production theory; production function and costs in the short run; production function and costs in the long run; cost theory; producer behavior and equilibrium. Market theory: definition and forms. The market and the formation of equilibrium prices.

APPRAISAL THEORY AND METHODOLOGY

The fundamental principles of appraisal. The aspects of value of interest to appraisal: market value, cost value, transformation value, complementary value, and subrogation value, as independent aspects or as appraisal procedures. Appraisal tools/methods: the direct or synthetic procedure, the indirect or analytical procedure. Elements of financial mathematics.

The real estate market: structure and information sources. Estimating market value: synthetic procedures; Market Comparison Approach (MCA); analytical procedure: income capitalization.

The construction market: structure and information sources. Estimating new construction costs and maintenance/restoration costs: synthetic procedures, mixed procedures; analytical procedure: computation of quantities estimated (CME).

ECONOMIC VALUATION METHODS FOR PROJECTS

Definition of valuation, decision-making phases, and evaluation purposes. Classification and characteristics of valuation methods. Private affordability and public affordability: differences between cost-benefit analysis, cost-revenue analysis, and multicriteria analysis. Life Cycle Cost Analysis (LCCA). Highest and Best Use Analysis.

3_EXPECTED OUTCOMES

1.Knowledge and Understanding

The student will acquire specific theoretical, methodological, and operational knowledge in the fields of economic appraisal and the economic evaluation of sustainable projects. They will be able to understand the complex relationships that govern the real estate and construction markets.

2.Applying knowledge and understanding

Students will acquire the ability to:

- apply theoretical and methodological knowledge in a professional context;

- understand the correlation between project phases, economic and appraisal tools, and project feasibility levels.

3.Making judgments

The student will acquire the ability to:

- identify, collect, and interpret synthetic and/or analytical, financial, and/or economic data resulting from the application of Civil Appraisal tools, necessary to formulate judgments on the effects of project implementation.

4.Communication skills

The student will acquire the ability to:

- organize application results into reports;

- work professionally in design teams;

- present results publicly;

- identify problems and estimate solutions.

5.Learning skills

At the end of the course, students will be able to: estimate the construction cost and market price of a building; estimate building maintenance costs and management costs throughout the life cycle of buildings using the Life Cycle Cost Analysis approach; assess the financial and economic viability of a project; and independently update the skills acquired.

6.Student autonomous learning

Students' independent work will include:

- in-depth study of the bibliography (theoretical part)

- preparation for midterm tests

- preparation for exams

Specifically, students' independent work will aim to:

- deepen their understanding of the topics covered in class and seminars using the recommended texts in the course syllabus;

- integrate the syllabus topics with their own personal contributions


More information

During the course are scheduled seminars by experts or sector firms


Degrees

Degrees

ARCHITECTURE 
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5 years
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People

People

MUSOLINO Mariangela
Gruppo 08/CEAR-03 - INFRASTRUTTURE E SISTEMI DI TRASPORTO, ESTIMO E VALUTAZIONE
AREA MIN. 08 - Ingegneria civile ed architettura
Settore CEAR-03/C - Estimo e valutazione
Ricercatori
No Results Found

Other

Main module

ECONOMIC EVALUATION OF PROJECTS
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