Overview
Date/time interval
Syllabus
Course Objectives
· Core Educational Objective:
To provide valuation tools capable of integrating design quality with the principles of feasibility and sustainability, while respecting cultural and environmental values.
· Specific Educational Objective:
To develop the skills necessary to assess the feasibility and sustainability of interventions on existing heritage and architectural or cultural assets, even in the absence of an active market. The course emphasizes the role of valuation and economic assessment in guiding both transformative and conservation processes.
Course Prerequisites
None
Teaching Methods
1_ COURSE STRUCTURE AND TEACHING
Each lesson is divided into two parts: a theoretical section and a practical section, including case studies and guided simulations.
· Lectures: 18 hours
· Practical exercises: 36 hours
· Individual and group activities on valuation case studies: 26 hours
2_ AUTONOMOUS LEARNING OF THE STUDENT
The work that students are expected to carry out independently, outside of the scheduled classroom hours, includes:
· Individual study of materials provided by the instructor
· Critical reading and bibliographic research
· Development of exercises and preparation for the final assessment
Assessment Methods
0_Initial Assessment
A brief entrance test (non-evaluative) aimed at assessing basic knowledge related to:
· fundamental concepts of valuation;
· elementary economic notions;
· general principles of sustainability and cultural heritage.
The purpose is to calibrate the educational activities according to the students’ initial level and to promote more targeted learning.
1_Intermediate Assessments
During the course, practical exercises (individual or group) on valuation questions will be used to monitor students’ mastery of the tools covered. These exercises will involve value judgments or economic convenience evaluations based on real cases.
2_Final Assessment / WORKSHOP
The final assessment is individual and consists of the complete development of a valuation case assigned by the instructor. The student will autonomously develop this as a simulation of a real valuation activity on an actual case.
The final deliverable will be subject to evaluation for the overall course grade.
Exam Format: Theory / Practice
The final exam is divided into two parts:
· Written test (50%)
Development of a valuation question to verify operational skills and independent judgment. This test aims to assess the student’s ability to formulate coherent and well-argued value and convenience judgments.
· Oral test (50%)
Critical discussion of the written test deliverable and verification of the theoretical and applied knowledge acquired. Access to the oral exam is only granted if the written test is passed with a sufficient grade.
Texts
Texts:
- Roscelli R. (2014) MANUALE DI ESTIMO. VALUTAZIONI ECONOMICHE ED ESERCIZIO DELLA PROFESSIONE. Utet (chapters: I, II, III, V, VII).
- Forte C., De Rossi B. (1992) PRINCIPI DI ECONOMIA ED ESTIMO, ETAS, Milano. (chapters: 1, 3, 4, 7)
- Recommended texts for practical activities:
- Francesco Calabrò, Lucia Della Spina. PROCESSO EDILIZIO E STIMA DEI COSTI, LaborEst N. 11/2015 Inserto Speciale http://pkp.unirc.it/ojs/index.php/LaborEst/issue/view/14
- Francesco Calabrò, Lucia Della Spina. IL PARTENARIATO PUBBLICO PRIVATO PER LA VALORIZZAZIONE DEGLI IMMOBILI PUBBLICI INUTILIZZATI. UN MODELLO SPERIMENTALE DI PROGETTO DI FATTIBILITÀ ECONOMICA. LaborEst N. 16/2015 Inserto Speciale. http://pkp.unirc.it/ojs/index.php/LaborEst/issue/view/30
Re
ference websites for bibliographic research:
For the development of practical and applied exercises, additional updated teaching materials and reference websites will be provided by the instructor during the course.
Contents
1_DESCRIPTION
The course provides economic and evaluation tools to analyze the sustainability and feasibility of interventions on existing architectural heritage, with particular attention to cultural, environmental, and landscape assets.
The approach adopted combines quantitative and qualitative methods, essential for assessing assets that often lack an active market, and addresses topics such as the economics of building rehabilitation, the integrated conservation and enhancement of heritage, and the application of valuation methodologies to the design and planning of interventions on historic buildings, common goods, and cultural resources.
Valuation is considered an integral part of the project, serving to verify the technical-economic feasibility and financial sustainability of the proposed interventions.
Particular attention is paid to the formulation of value and convenience judgments, oriented toward sustainability, social utility, and the long-term enhancement of heritage assets, using a multidimensional and systemic approach.
2_COURSE PROGRAMME
The course takes place during the first semester and is structured over 11 weeks, combining lectures, guided exercises, seminars, and case study analysis and discussion.
The program is organized into five thematic sections:
1. Fundamentals of Valuation and Heritage Economics
2. Valuing Architectural and Cultural Heritage Assets
3. Methodologies for the Evaluation of Conservation Interventions
4. Techno-Economic Feasibility Analysis of Heritage Projects
3_EXPECTED RESULTS
The course aims to develop:
· Theoretical and practical knowledge of valuation methods applied to cultural heritage
· Critical analysis skills for real-world intervention scenarios
· Valuation competencies integrated within the design and planning process
· Independent judgment in formulating valuation scenarios
· Communication and argumentation skills in professional contexts
· Active and reflective learning through bibliographic research, case study analysis, and the development of practical exercises