Curriculum subject

Construction Economics and Enterpreneurship

Subject
Subject code	EHO457
Subject name	Construction Economics and Enterpreneurship
Credit points	4 ECTS
Grading method	Grade prelim

Curriculum subject
Curriculum	2014 HE
Study year	3
Semester	Fall semester
Subject type	Mandatory

Subject loads
Lecture	24
Practice	24

General description
A historical overview of the Estonian construction market. Basics of business. Business types. Company registration procedures. Basic concepts of entrepreneurship, market economy, market demand, market supply, market equilibrium. Company's cost curve. Business plan start up cost, operations / project budget subitem, cash flow forecasting and agents. Working capital of the company. Financing and leasing. Depreciation, amortization, and its assessment of the condition, the current assets and the related indicators. Real Estate Economics foundations, private investment and operating costs, real estate investment analysis, real life calculations, the cost of the factors affecting the analysis. Personnel policy, recruitment, selection and orientation.

General aim
The course aims to give students an basic knowledges of the construction and real estate mechanisms, building a life of cost calculation methods and optimization of the sustainable development of the construction environment and managing of an enterprise.

Aim
After completing the course the student: 1. knows the theory of company creation; 2. is able to create a suitable form for the company, from its various business ideas to a working company; 3. is able to evaluate the company's costs and expected cash flows; 4. is able to calculate and analyze the return on investment of the energy efficiency and environmental perspective.

Form description
Lectures, practical classes, homework

Current rounds
None