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Professor
IVAN BLECIC (Tit.)
Period
Second Semester 
Teaching style
Convenzionale 
Lingua Insegnamento
ITALIANO 



Informazioni aggiuntive

Course Curriculum CFU Length(h)
[80/71]  ARCHITECTURAL SCIENCE [71/00 - Ord. 2013]  PERCORSO COMUNE 5 62.5

Objectives

The main purpose of this course is to provide students with an understanding of the principles and methods of Real Estate appraisal. It is structured to provide them the conceptual thinking skills to approach property evaluation issues. Moreover, it consists of frontal lectures related to the following main topics: history of the value theory and land economics, RE market cycles, principles of real estate appraisal, direct comparison and analytical approaches, direct capitalization, definition of market area, market value approach, cost approaches and building estimates, synergistic value, building lot appraisal, transformation value, replacement cost value and depreciation estimates.

Prerequisites

The knowledge of microeconomic theory is considered useful for class partecipation, but is not strictly required.

Contents

The course is based on frontal lectures regarding the following topics:
history of value theory and land economics, principles of real estate appraisal, direct comparison and analytic approaches, direct capitalization, definition of market area, market value approach, cost approaches and building estimates, synergistic value, building lot appraisal, transformation value (DCF application), replacement cost value and depreciation estimates. Lectures related to the characteristics of Italian cadaster and the appraisal of just compensation in eminent domain integrate the framework of the main topics examined during the course.

Teaching Methods

Frontal lectures centered on the theory of real estate appraisal take uo three quarter of the overall time assigned to lectures. In order to provide the conceptual thinking skills to approach property valuation issues, the remaining lectures consist in the direct discussion of case studies.

Verification of learning

Student assessment will be accomplished throught an written exam. The student have to demonstrate his or her knowledge and familiarity with the subjects discussed during lectures.
Furthermore, for the final grade, the evaluation will consider the practical exercise of application of appraisal methods to a case-study.

Texts

READINGS / BIBLIOGRAPHY

= Krugman P., Wells R. (2013), Microeconomia, Zanichelli, Bologna;

Original English edition also available.

Chapters:

- Principi fondamentali
- I modelli economici: trade-off e scambio [solo leggere per comprensione]
- Domanda e offerta
- Il surplus del consumatore e del produttore
- Controlli dei prezzi e della quantità: interferire coi mercati
- L'elasticità
- Il processo decisionale degli individui e delle imprese
- Il consumatore razionale (con appendice: preferenze e scelta del consumatore)
- Dietro le curva di offerta [solo leggere per comprensione]
- La concorrenza perfetta e la curva di offerta
- Il monopolio
- L'oligopolio
- Concorrenza monopolistica e differenziazione del prodotto
- Beni pubblici e risorse comuni


= Roscelli R. (a cura di) (2014), Manuale di Estimo, Utet, Torino
(ad esclusioni dei seguenti capitoli: 4 - Risvolti estimativi indotti dal processo di armonizzazione contabile avviato a livello internazionale; 5 - Le valutazioni di fattibilità; 6 - Le valutazioni ambientali strategiche e la V.I.A., 7 - Economia ed estimo dei beni culturali e ambientali)

More Information

Course didactic material can be downloaded from the lecturer website or will be directly delivered to students during classes.

Questionnaire and social

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