FUNDAMENTALS OF ECONOMICS AND REAL ESTATE APPRAISAL
Academic year and teacher
If you can't find the course description that you're looking for in the above list,
please see the following instructions >>
- Versione italiana
- Academic year
- 2022/2023
- Teacher
- GIACOMO ZANNI
- Credits
- 9
- Didactic period
- Primo Semestre
- SSD
- AGR/01
Training objectives
- EXPECTED LEARNING OUTCOMES (knowledge, application and generic skills) are distinguished as follows.
1. KNOWLEDGE AND UNDERSTANDING:
The student will acquire, through classroom lessons, knowledge and understanding of the theory and practice of evaluating real estate and environmental projects,
In particular, the student will be able to define, recognize and classify the individual elements of the following methods, knowing how to place their description in the theoretical framework on which they are based, knowing how to explain the overall logic and the procedures and knowing how to do, if necessary, significant examples:
1.1. Financial Statements (balance sheet; income statement; reclassification; indices), in the individual items and as a whole;
1.2. Monetary Evaluation of Projects (Economic and financial, private and public evaluation of investments;
1.3. Non-Monetary and Multicriterial Evaluation of Projects;
1.4. Business Plan (Project; entity types; target market; product / service; strategy; production structure; organization; economic-financial forecasts).
1.5. Environmental Assessment (Total economic value, externalities, public goods. Criteria and methods of evaluation of environmental assets);
1.6. Environmental damage assessment, environmental impact assessment and strategic environmental assessment).
2. ABILITY TO APPLY KNOWLEDGE AND UNDERSTANDING
The student will acquire practical evaluation skills, through classroom exercises, with particular reference to the following fields of activity:
2.1. critical reading of a balance sheet with basic structure (balance sheet, income statement), analysis and calculation of financial statement ratios, with interpretation and identification of the main strengths and weaknesses, about profitability and financial equilibrium;
2.2. critical reading and drafting of basic reports concerning evaluations of real estate and environmental projects; multi-criteria assessments; in both cases, knowing how to choose the most suitable indicator and to express feasibility judgments;
2.3. critical reading and drafting of Business Plan, at the basic level.
3. MAKINK JUDGMENT, COMMUNICATION SKILLS AND LEARNING SKILLS
The student will acquire, through group exercises, the ability to:
3.1. Acting and communicating in groups; defending rationally motivated opinions, with a critical spirit, autonomy and awareness of one's knowledge limits, in Project Assessment and Business Plan, in compliance with the general principles of professional deontology. Prerequisites
- None
Course programme
- ENVIRONMENTAL ASSESSMENT:
Total economic value, externalities, public goods.
Criteria and methods of environmental assessment.
Environmental damage assessment.
Environmental impact assessment and strategic environmental assessment.
PROJECTS ASSESSMENT:
Private and public investment assessment.
FINANCIAL STATEMENT ANALYSIS
General aspects, balance sheet, profit and loss account, reclassification, financial ratios.
BUSINESS PLAN Didactic methods
- Theoretical lessons.
Computer exercises. Learning assessment procedures
- Four written trials (with open and closed questions and exercises)and one presentation on Business Plan.
1) Profit and loss analysis;
2) Investment analysis;
3) Project asessment with multicriteria analysis;
4) Environmental Assessment.
5) Presentation on BP
Possible oral examination. Reference texts
- Gallerani V., Zanni G. e 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.
