Curriculum subject

Construction Economics

Subject
Subject code	AAP027
Subject name	Construction Economics
Credit points	2 CP
Grading method	Grade prelim

Curriculum subject
Curriculum	2004 EA
Study year	3
Semester	Fall semester
Subject type	Mandatory

Subject loads
Lecture	40

General description
Principles of market economy. Market demand. Market offer. Market balance. Company cost curves. Personnel policy. Ways of setting up a company. Basics of immovable property economics. Investment and life-cycle costs of a registered immovable. Analysis of immovable property investments. Calculations of lifespan of immovable property. Analysis of the criteria influencing costs.

General aim
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 an architectural company.

Aim
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.

Form description
Lectures, practical training, two homework tasks applying teamwork method, some e-learning elements.

Literature
Peetrimägi, L. 2008. Loengukonspekt aines AAP027 Ehitusökonoomika arhitektuuritudengitele, 84lk 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

Current rounds
None