BUILDING ECONOMICS

BUILDING ECONOMICS

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iten
Code
98112
ACADEMIC YEAR
2020/2021
CREDITS
4 credits during the 1st year of 10719 ENGINEERING FOR BUILDING RETROFITTING (LM-24) GENOVA
SCIENTIFIC DISCIPLINARY SECTOR
ING-IND/35
TEACHING LOCATION
GENOVA (ENGINEERING FOR BUILDING RETROFITTING)
semester
2° Semester
modules
Teaching materials

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

Ricevimento: By appointment. Contact via email (novella.tala@gmail.com)

Exam Board

NOVELLA TALA' (President)

PAOLO ROSASCO (President)

MARCO RABERTO

LUCA ANTONIO TAGLIAFICO

LESSONS

LESSONS START

II Semester

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
12/02/2021 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.
18/06/2021 14:30 GENOVA Scritto
18/06/2021 14:30 GENOVA Orale
18/06/2021 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.
18/06/2021 14:30 GENOVA Orale
18/06/2021 14:30 GENOVA Scritto
16/07/2021 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.
16/07/2021 14:30 GENOVA Orale
16/07/2021 14:30 GENOVA Scritto
17/09/2021 14:30 GENOVA Orale
17/09/2021 14:30 GENOVA Scritto