ECONOMIC EVALUATION OF PROJECTS

Course objectives

The course aims to provide the evaluative knowledge for the use of tools to support investment decisions - public and/or private - aimed at the enhancement of disused or under-utilised property assets of historical and architectural value. The competences acquired will allow to carry out consultancy activities also in the framework of public-private partnership procedures, where it is mandatory to identify compromise solutions between the preservation of the historical and architectural features of the property asset to be enhanced and the convenience of the initiative for the investor, in order to guarantee the effectiveness of the intervention also in terms of social, economic and environmental impacts on the territorial context of reference.

Channel 1
FRANCESCO TAJANI Lecturers' profile

Program - Frequency - Exams

Course program
CONCEPTS OF MICROECONOMICS ● Basic definitions. ● The theory of the consumer. ● The theory of the firm. ● Market and exchange: demand, supply, price formation. ● The main market forms. CONCEPTS OF FINANCIAL MATHEMATICS ● Basic definitions. ● The transfer of capital over time. ● The accumulation of financial amounts. PROFESSIONAL SKILLS OF THE VALUER ● International Valuation Standards. ● The estimative postulates. ● Basis of value, economic aspects and estimative criteria. ● Estimative and cost effectiveness judgments. ● Evaluative approaches. ● The sources of data. ● Break-Even Analysis in real estate investments. EVALUATION OF PROJECTS ● The concept of project in the economic sector. ● The allocation of the resources. ● Technical, economic and financial feasibility. ● Ex ante, ongoing, ex post valuations and corresponding purposes. ● Valuations under risk and under uncertainty. ● Sensitivity analysis. ● Performance criteria of the investments. ● Verification of the financial feasibility of an investment through the Discounted Cash Flow Analysis.
Prerequisites
Knowledge of basic economic principles (demand, supply, market, revenues, costs).
Books
The main references will be indicated during the lessons.
Teaching mode
Lessons in the classroom
Frequency
The lectures are in presence.
Exam mode
Oral exam: discussion on the explained methodologies and the case study to be developed.
Lesson mode
Lessons in the classroom
  • Lesson code10596233
  • Academic year2024/2025
  • CourseArchitecture (Conservation)
  • CurriculumArchitecture (Conservation) - in lingua inglese
  • Year2nd year
  • Semester1st semester
  • SSDICAR/22
  • CFU6
  • Subject areaDiscipline estimative per l'architettura e l'urbanistica