ECONOMIA ED ESTIMO AMBIENTALE
Academic Year 2022/2023 - Teacher: LUISA STURIALEExpected Learning Outcomes
The course aims to provide the basic knowledge for the formulation of value judgments and cost effectiveness in the civil, territorial and environmental. It will also provide the elements for the understanding the micro and macroeconomic problems in addition to the environmental economy approach.
This raises the aim to acquire the principles and methodologies of general appraisal, legal and economic evaluation of environmental goods. Will be provided elements of financial mathematics knowledge and evaluation of plans and investment projects, both from the economic and financial aspect that social and environmental.
Course Structure
The teaching methodology of the course includes lectures, laboratory and written exercises.
There will be written tests in itinere and exercises in the computer lab on the economic evaluations of the building and environmental heritage.
As a result of the Covid19 health emergency, if the teaching is given in mixed mode or at a distance, the necessary changes may be introduced with respect to what was previously stated, in order to comply with the program provided and reported in the syllabus.
Detailed Course Content
PRINCIPLES OF ECONOMICS
Historical evolution of economic thought: from the beginning to the net economy.
Origin of Economic and tools of economics.
MICROECONOMICS
Demand analysis: the theory of demand based on the utility, the theory of consumer behavior and indifference curves, elasticity of demand.
The theory of production. Relations between the cost curves.
Market structure: key features and short and long-term balance in the following market forms: perfect competition, monopoly, oligopoly and monopolistic competition.
Market efficiency, market failures, externalities, public intervention and environmental policy.
MACROECONOMICS
From the micro to the macro-economics. Macroeconomic problems: economic growth, inflation, employment and unemployment, budget, economics cycles, interest rates. The determination of national income in the short term. The model of aggregate demand and supply. Economic policy
ENVIRONMENTAL ECONOMICS
Economy and environment. The material balance approach. Environment and ethics. Economic growth, the increase in population and the environment. Sustainable development. The economic control. Renewable resources. Non-renewable resources
APPRAISALS
Economy, environment and estimation contexts: some preliminary references. Real estate appraisals. Estimation of assets in the public context.
LEGAL EVALUATION
Usufruct, use and habitation. Estimates relating to easements. Eminent domain.
ECONOMIC EVALUATION OF ENVIRONMENTAL GOODS
Italian legislation and estimation procedures of environmental goods. The cost-benefit analysis (ex-ante evaluation). The estimate of environmental damage (ex-post evaluation).
ECONOMIC-FINANCIAL ANALYSIS OF INVESTMENT PROJECTS
Elements of financial mathematics. The classification of investments.
Main methods of choice of investments: Net Present Value (NPV) and the Internal Rate of Return (IRR), a comparative analysis between the method of NPV and the IRR, average period of recovery, other criteria. Principles of cost-benefit analysis and cost-benefit analysis.
ENVIRONMENTAL POLICY AND INDICATORS OF SUSTAINABILITY '
The European Union's environmental policy. The measure of sustainability and evaluation processes. Methods and tools for the integration of the various components of sustainability in decision-making.
Textbook Information
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1.STURIALE L. (a cura di) (2022): Economia Applicata all'Ingegneria (con Elementi di Economia Aziendale e principi di Valutazione Economica degli Investimenti) CREATE. McGraw-Hill, Milano. 2.TURNER R., R., PEARCE D. W., BATEMAN I. (2003). Economia Ambientale. Il Mulino, Bologna. |
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3.TEMPESTA T. (2018). Estimo Rurale. Estimo Ambientale. CLEUP, Padova. 4. MICHIELI E., MICHIELI . M. (2002). Estimo. Il SOLE24ORE, Bologna. |
Course Planning
| Subjects | Text References | |
|---|---|---|
| 1 | 1. PRINCIPI DI ECONOMIA Evoluzione storica del pensiero economico: dalle origini alla net economy. Origine dei problemi economici e strumenti dell’economia*. Sistema economico. | Testo 1 (Capp. 1 e 2) |
| 2 | 2. MICROECONOMIA Domanda, offerta e funzionamento del mercato*. La teoria della domanda basata sull’utilità; la teoria del comportamento del consumatore e delle curve di indifferenza; elasticità della domanda | Testo 1 (Capp. 3 e 4) |
| 3 | 3. MICROECONOMIA* La teoria della produzione: la funzione di produzione. Costi di produzione. Funzioni dei costi di breve e di lungo periodo. Rendimenti di scala. | Testo 1 (Cap. 5) |
| 4 | 4. MICROECONOMIA Struttura di mercato e comportamento delle imprese (massimizzazione del profitto economico) *: caratteristiche fondamentali ed equilibrio di breve e lungo periodo nelle seguenti forme di mercato: concorrenza perfetta, monopolio, oligopolio e concorrenza monopolistica. | Testo 1 (Capp. 6, 7 e 8) |
| 5 | 5. MACROECONOMIA Dalla micro alla macroeconomia. Keynes. Problemi macroeconomici: crescita economica, inflazione, occupazione e disoccupazione, bilancio pubblico, cicli economici, tassi d’interesse. PIL e crescita economica*. Domanda ed offerta aggregata. La politica economica*. | Testo 1 (Cap. 9) |
| 6 | 6. ECONOMIA AMBIENTALE* Economia ed ambiente. L’approccio del bilancio dei materiali. Ambiente ed etica. La crescita economica, l’aumento della popolazione e l’ambiente. Lo sviluppo sostenibile. Il controllo economico dell'ambiente. Le risorse rinnovabili. Le risorse non rinnovabili. | Testo 2 (Capp. 1, 2, 3, 4, 15 e 16) |
| 7 | 7. ESTIMO GENERALE* Economia, ambiente e contesti estimativi: alcuni riferimenti preliminari. Stima di beni nel contesto privato. Stima dei beni nel contesto pubblico. | Testo 3 (Capp. 1, 2, 3) |
| 8 | 8. ESTIMO LEGALE Usufrutto, uso ed abitazione. Stime relative alle servitù prediali*. Esproprio per pubblica utilità*. | Testo 3 (Capp. 10, 11, 12) |
| 9 | 9. VALUTAZIONE ECONOMICA DEI BENI AMBIENTALI* Normativa italiana e procedure di stima dei beni ambientali. L'analisi costi-benefici (stime ex-ante). La stima del danno ambientale (valutazione ex-post). | Testo 3 (Capp. 13, 14, 15) |
| 10 | 10. VALUTAZIONE ECONOMICO-FINANZIARIA DEI PROGETTI D’INVESTIMENTO* Elementi di matematica finanziaria. La classificazione degli investimenti. Principali metodi di scelta degli investimenti: il Valore Attuale Netto (VAN); il Tasso di Rendimento Interno (TIR); analisi comparata fra il metodo del VAN e quello del TIR; Periodo medio di recupero, WACC. Cenni su altri criteri (AMC). | Testo 1 (Capp. 17, 18 e 19) Testo 3 (Appendice 2) Testo 4 (Capp. 8, 51, 52) |
| 11 | 11. POLITICA AMBIENTALE E INDICATORI DI SOSTENIBILITA' La politica ambientale dell’Unione Europea. La misura della sostenibilità e i processi di valutazione*. Metodi e strumenti per l’integrazione delle diverse componenti della sostenibilità nei processi decisionali. | Materiale su STUDIUM fornito da docente |
Learning Assessment
Learning Assessment Procedures
During the course of the lectures, an in itinere written test on micro- and macroeconomics topics (reasoned multiple-choice questions and solving exercises) is scheduled, the assessment of which will be taken into account in the formulation of the final grade. The final written test will cover the remainder of the syllabus (open-ended questions and solving exercises in financial mathematics) and may also include an oral interview. The evaluation of the paper on a specific estimation procedure (developed in the computer laboratory) will also be considered in the examination grade.
Students who do not take or do not pass the prescribed tests may also take the examination by means of a single written test (but it will always be necessary to have completed the paper on the estimative procedure in the laboratory).
The assessment of the examination is based on the following criteria: property of economic-estimative language, level of knowledge of the required topics, ability to connect the various topics of the teaching programme, ability to solve the simple cases proposed on the basis of the topics and examples given during the lectures.
Reservation for the examination call is compulsory and must be made exclusively via the internet, through the student portal, within the stipulated period.
Following the Covid19 health emergency, the learning assessment may also be conducted electronically, should conditions require it.
Information for students with disabilities and/or DSA
As a guarantee of equal opportunities and in compliance with the laws in force, interested students may request a personal interview in order to plan any compensatory and/or dispensatory measures, based on the teaching objectives and specific needs.
(It is also possible to contact the Department's CInAP (Centre for Active and Participatory Integration - Services for Disabilities and/or SLDs) reference teacher).
Examples of frequently asked questions and / or exercises
- Market functioning and profit maximisation in the different market forms studied.
- Production function and business costs, relationships between cost curves.
- GDP, indicators of growth and economic development, explanation of business cycles.
- The steps of estimation.
- Estimation procedures in the private context: classification, characteristics and applications.
- Economic valuation of environmental assets: estimation procedures, characteristics and fields of application.
- Define the legal institution of easements, illustrate the classification and indicate the compensation formula.
- Theoretical principles and models of Environmental Economics. Classification of public and private assets. Environmental resources and spatial planning: issues, economic evaluation and management aspects.
- Cost/Revenue and Cost/Benefit Analysis; differences, contexts of application and related issues.
- Investment selection criteria and their application.
- Types of sustainability indicators and their fields of application.
- Financial mathematics exercise.