Ingegneria Edile-Architettura | VALUTAZIONE ECONOMICA DEI PROGETTI

cod. 0660100046

VALUTAZIONE ECONOMICA DEI PROGETTI

	0660100046
	DIPARTIMENTO DI INGEGNERIA CIVILE
	CORSO DI LAUREA MAGISTRALE A CICLO UNICO DI 5 ANNI
	BUILDING ENGINEERING - ARCHITECTURE
	2014/2015

PERCORSO COMUNE Cohort 2010/2011

	YEAR OF COURSE 5
	YEAR OF DIDACTIC SYSTEM 2010
	SECONDO SEMESTRE

TEACHING UNITS

	SSD	CFU	HOURS	ACTIVITY	TYPE OF ACTIVITY
	ICAR/22	6	60	LESSONS	OPTIONAL SUBJECTS

	Objectives
	THE COURSE IN THE ECONOMIC EVALUATION OF PROJECTS AIMS TO DEAL WITH THE PRINCIPLES OF COST-BENEFIT ANALYSIS, NOW WIDELY USED IN INVESTMENT PROJECTS IN PUBLIC WORKS AS WELL AS IN CASES OF PRIVATE INITIATIVES TO BE IMPLEMENTED WITH THE ASSISTANCE OF PUBLIC FUNDING.

	Prerequisites
	Achievement of the objectives set by the students, knowledge of the basics of general economy, of financial mathematics and corporate budget.

	Contents
	Aims of the Economic Evaluation of Projects. Relations with the engineering profession. Principles of Economics. Economic laws. Forms of market. Macroeconomics: National Income; investment; inflation. Principles of financial mathematics and company budget. The investments and choices. Structural investments and marginal investments. Allocation of resources. The project. Technical feasibility and economic viability. Economic horizon of the private and public entrepreneur. Programmatic choices, temporal priority choices, technique alternative choices. Economic evaluation and financial evaluation. Ex ante, ex post, in itinere evaluation. Risk and uncertainty. Techniques for the evaluation of projects. Multi-criteria analysis. Origin and development of the Cost-Benefit Analysis. Benefits classification. Costs classification. Financial costs and economic costs. Conversion factors of the financial costs in economic costs. The time, the third dimension of the analysis. Physical duration and economic life of the project. Start-up of the project. Development indices. Discount rate. Social rate of time preference. Critical rate. The price system for evaluating. Shadow prices. Opportunity cost. Willingness to pay. Evaluation criteria: Net Present Value (NPV), Benefit/Cost ratio (B/C), Internal Rate of Return (IRR). Other criteria: Payback Period, Capital/Product ratio. Factors affecting the evaluation results.

Aims of the Economic Evaluation of Projects. Relations with the engineering profession. Principles of Economics. Economic laws. Forms of market. Macroeconomics: National Income; investment; inflation. Principles of financial mathematics and company budget. The investments and choices. Structural investments and marginal investments. Allocation of resources. The project. Technical feasibility and economic viability. Economic horizon of the private and public entrepreneur. Programmatic choices, temporal priority choices, technique alternative choices. Economic evaluation and financial evaluation. Ex ante, ex post, in itinere evaluation. Risk and uncertainty. Techniques for the evaluation of projects. Multi-criteria analysis.
Origin and development of the Cost-Benefit Analysis. Benefits classification. Costs classification. Financial costs and economic costs. Conversion factors of the financial costs in economic costs. The time, the third dimension of the analysis. Physical duration and economic life of the project. Start-up of the project. Development indices. Discount rate. Social rate of time preference. Critical rate. The price system for evaluating. Shadow prices. Opportunity cost. Willingness to pay. Evaluation criteria: Net Present Value (NPV), Benefit/Cost ratio (B/C), Internal Rate of Return (IRR). Other criteria: Payback Period, Capital/Product ratio. Factors affecting the evaluation results.

	Teaching Methods
	The course includes frontal lessons and tutorials. During the practice sessions are first shown applications of the theoretical principles and practical cases of economic evaluation of projects. It also developed a design activity aiming at preparing the business plan and to prepare the financial plan regarding an investment initiative. The study produced at the end of the project activity contributes to the “Premio Antonio Genovesi” sponsored by the University of Salerno and the National Association of Builders of Salerno.

Teaching Methods

The course includes frontal lessons and tutorials. During the practice sessions are first shown applications of the theoretical principles and practical cases of economic evaluation of projects. It also developed a design activity aiming at preparing the business plan and to prepare the financial plan regarding an investment initiative. The study produced at the end of the project activity contributes to the “Premio Antonio Genovesi” sponsored by the University of Salerno and the National Association of Builders of Salerno.

	Verification of learning
	The verification of having achieved, by the students, the objectives is done by interview and, if necessary, by formal description of patterns of logical aspects of the matter. Discussion of the project developed during the course is planned.

	Texts
	Notes from the lessons M. Florio, La valutazione degli investimenti pubblici, il Mulino, Bologna, 1991 G. Brosio, Economia e finanza pubblica, Carocci, 1993 F. Nuti, Analisi costi-benefici, Il Mulino, Bologna, 1988 V. Del Giudice, Estimo e valutazione economica dei progetti, Loffredo Editore, 2010 Casoria (NA)

	More Information
	The study produced at the end of the project activity contributes to the “Premio Antonio Genovesi” sponsored by the University of Salerno and the National Association of Builders of Salerno.

BETA VERSION Data source ESSE3 [Ultima Sincronizzazione: 2016-09-30]