italian version

Aims :

The course teaches how to appraise the value of private and public goods, with specific attention to urban land and real property market. The course contents are organised in order to achieve a profi-ciency in both professional skills & know-hows and in theoretical aspects of the method .
Basic microeconomics and finance competencies are taught too.

Topics :

METHODS & TOOLS
• Basic microeconomics. Basic finance. Basic statistics.
GENERAL APPRAISAL
• Definitions, aims and scope of the discipline.
• An introduction to the theory of value. Economic aspects and criteria of appraisal.
• Procedimenti diretti e indiretti di stima.
SPECIAL APPRAISAL
• REAL PROPERTY: Value and appraisal of land and buildings. Characteristics of the real property market.
• URBAN & RURAL APPRAISAL: The pricing of land and land resources. Value and rent. Investment in real property and related value appraisal. Limitations to private property and government issues: expropriation for public goals.
• INSURANCE APPRAISAL. Damage and related issues.
• ENVIRONMENT, LAND USE & DEVELOPMENT: The devlopment process. Fiance for development. Pub-lic and private investment decisions. Cost Benefit Analysis (CBA). Feasibility study and CBA. An Introduc-tion to Environmental Impact Assessment.

Textbooks :

J. Harvey, Urban Land Economics, McMillan, 1996.
Other texts are suggested in Italian. Specific course materials are available to attending students.

Exam :

The assessment is done by both a written and oral examination.
Attending students will have the opportunity to be assessed on a continuous/in itinere basis substi-tuting the final exam.

Tutorial Session :

Wednesday 11,30-12,30 a.m.