TTK University of Applied Sciences
TTK University of Applied Sciences
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Curriculum subjectConstruction Economics
| Subject |
| Subject code |
EHO053 |
| Subject name |
Construction Economics |
| Credit points |
3 ECTS |
| Grading method |
Exam |
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| Curriculum subject |
| Curriculum |
2004 EI |
| Study year |
0 |
| Semester |
Spring semester |
| Subject type |
Mandatory |
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Subject loads
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| Lecture |
32 |
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| General description |
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| General characterisation of the Estonian construction market. Basic notions of market economy. Market demand. Market offer. Market balance. Company cost curves. Fixed assets of a construction company. Current assets of a construction company. Determination of the need of working capital. Basics of business. Ways of founding a company. Types of enterprises. Basics of immovable property economics. Investment and life-cycle costs of a registered immovable. Analysis of immovable property investments. Lifespan calculations of immovable property. Personnel policy. |
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| General aim |
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| The general objective is to provide the students basic knowledge about the economic mechanisms of the construction and immovable property market, calculation of the lifespan costs of a building, economical development in the construction environment, basics of business and management of a building company. |
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| Aim |
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The student who has passed the course:
- knows the economic mechanisms of the construction and immovable property market
and the structure of the Estonian construction market;
- knows the rules of starting a small business in the field of construction;
- can use the mostly spread methods of analyse at the calculation of investment and life-
cycle costs of buildings, among them based on the aspect of energy saving and
environmental impact;
- is informed about the economic issues of the usage of company resources. |
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| Form description |
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| Lectures, practical classes, independent homework in the form of group work, application of E-learning elements for the student of the Open University. |
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| Literature |
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Peetrimägi, L. 2008. Loengukonspekt aines EHO053 Ehitusökonoomika, 73lk
Ferry,D.J., Brandon, P.S. 1996. Ehituse maksumusplaanimine, Tallinn, Kirjastus Külim, 210lk
Drõkina,L., Ennok,M.,Otsmaa,S., Rooma,Ü. 1996. Ehitusökonoomika küsimusi, Tallinn, TTÜ kirjastus, 88lk |
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| Current rounds |
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| None |
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