TTK University of Applied Sciences
Subject 'Construction Economics'Name in Estonian: Ehitusökonoomika
General descriptionGeneral 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.
General aimThe 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.
AimThe 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 descriptionLectures, practical classes, independent homework in the form of group work, application of E-learning elements for the student of the Open University.
LiteraturePeetrimägi, 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 Is taught in following curricula2011: EI
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