The object of the course is:
- to make the students sensible about the problems of socio-economic effects and impacts generated by planning policies and instruments;
- to develop the students’ evaluation capacity in the field of economic and financial feasibility of plans and projects;
- to provide knowledge of the laws concerning public works.

- Ability to analyze urban projects in relation to economics and finance, with reference to local/global markets and to their progressive process towards finance;
- Ability to develop particular attention to the economic implications of the build environment development projects;
- Understanding the linkages between: the real estate markets and economic fundamentals; the real estate and financial markets;
- Ability to develop appraisal and evaluation skills in the field of territorial phenomena, taking into account the promotion and development processes in the real estate sector (with reference to the rules on public works);
- Ability to develop preliminary analysis for the projects economic evaluation, focusing on pre-feasibility and feasibility analysis.

No special prerequisite required; however, the course could be easier for students with basic knowledge of economics and statistics

1. Organization and analysis of real estate markets
• Real estate markets and financial markets
• The players in the implementation process
• Marketing techniques

2. Project and process cycle
• Design alternatives
• Feasibility
• Financing
• Construction
• Management

3. Elements of the theory and tools for real estate appraisal
• Nature and purpose of the estimates
• The aspects of the value
• The estimation procedures

4. The valuation of investments in private and in public context
• Valuation techniques in private and in public
• Discounted Cash Flow analysis - ACR
• Cost-benefit analysis – ACB


5. Evaluation and professional practices in public works
• Three-years planning
• Responsible of the Procedure
• Design and designers
• Award of work
• The Construction Management
• The test

Exercises aimed to implement project valuation techniques about the issues developed in the Atelier "Integrated programs for local development and urban regeneration" may be developed

Additional information will be provided during the course

Oral exam on the topics and exercises developed during the course