ELEMENTS OF ECONOMICS AND REAL ESTATE APPRAISAL
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- Versione italiana
- Academic year
- 2022/2023
- Teacher
- GIACOMO ZANNI
- Credits
- 6
- Didactic period
- Primo Semestre
- SSD
- ICAR/22
Training objectives
- Gain a good theoretical knowledge and practical skills in Real Estate Appraisal, in particular, in the following fields of activity: criteria and procedures, evaluation of land, buildings, areas of buildings; expropriations for public utility; land registry assessments.
To achieve these "final" educational objectives, the course provides the students to achieve the following learning outcomes:
- Basic knowledge of Economics, particularly Microeconomics and Real Estate Market;
- Basic knowledge about the structure of the Land Registry (land and buildings);
- Theoretical and practical knowledge of financial calculation (simple interest and compound interest. Prerequisites
- none
Course programme
- 1) ECONOMICS Institutions, economic systems and theories Microeconomics Demand: the demand function. Supply: fundamental of theory of firm, the production function, cost function, the supply function. Markets: competitive market, monopoly, oligopoly, monopolistic competition Introduction to Macroeconomics Sources of economic information 2) REAL ESTATE APPRAISAL Financial calculation Evaluation criteria and procedures The real estate appraisal: land, buildings, building lots. Evaluation of real rights Expropriation for public utilityLand and Buildings Public Registry Technical advice and arbitration Sources of real estate information
Didactic methods
- The course is organized as follows:
• lectures on all subjects, theoretical and practical;
• Financial Calculation exercises, in the classroom (even with the help of personal computer)
• additional lessons on Land and Building Registry Learning assessment procedures
- The aim is to test the level of achievement of learning objectives, stated above.
The exam is divided into 3 parts, which can take place on different days: 1) Estimate and financial calculation; 2) Land Registry; 3) Economics.
1) It consists of 17 multiple choice questions (4 replies; penalty of 0.25 for every wrong answer) on all matters of Real Estate Assessment, theoretical and practical, treated in the course, and of 4 financial calculations. To pass the test, students must acquire at least 16/30 on up to 33/30. The available time for the test is 50 minutes. It is not allowed to consult texts or use PCs, smart phones, calculators.
2) It consists of 6 multiple choice questions (4 replies; penalty of 0.25 for every wrong answer) on the Land and the Building Registry. To pass the test you must acquire at least 16/30 on up to 33/30. The available time for the test is 20 minutes. It is not allowed to consult texts or use PCs, smart phones, calculators.
3) It consists of 13 questions, of which 6 multiple choice (4 responses; penalty of 0.25 for every wrong answer) and 7 open structure, all the topics covered in the course of Economics. The test is intended to evaluate the study of matter and the understanding of the basis of the arguments. To pass the test, students must acquire at least 16/30 on up to 33/30. The available time for the test is 50 minutes. It is not allowed to consult texts or use PCs, smart phones, calculators.
The final grade consists in the weighted average of the 3 scores. To pass the comprehensive examination, it is necessary to acquire a minimum score of 18 on 33. If one of the 3 tests is insufficient, the student needs to repeat it. Tests are valid for 1 year.
Possible oral examination. Reference texts
- Gallerani V., Zanni G., Viaggi D. (2011): Manuale di Estimo, McGraw-Hill, Milano (From chapter 19 to chapter 24).http://www.ateneonline.it/gallerani/ Educational materials from the teacher. Presentations of the lessons
