Subject 'Construction Economics and Enterpreneurship'

Year:   2012/2013    2013/2014    2014/2015    2015/2016    2016/2017    

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.

The course aims to give students an overview of the history of the construction and real estate, to develop students' theoretical knowledge and practice of business connections between these, managing of an enterprise, building a life of cost calculation and optimization of the sustainable development of the construction environment.

End of the course the student:
Knows the theory of company creation.
Will be able to create a suitable form for the company, from its various business ideas to working company.
Able to evaluate the company's costs and expected cash flows.
Be able to calculate and analyze the return on investment.

Lectures, practical classes

Peetrimägi, L. 2009.lecture notes aines Ehitusökonoomika. TTK.
Ferry, D.J., Brandon, P.S. 1996. Ehituse maksumusplaanimine. Kirjastus Külim, Tallinn.
Ferry, D.J., Brandon, P.S., Ferry, J.D. 2005 Cost Planning of Buildings Seventh Edition. Blackwell Publishing. Oxford.
Drõkina, L., Ennok, E., Otsmaa, S., Rooma, Ü. 1996. Ehitusökonoomika küsimusi. TTÜ kirjastus, Tallinn.

Tests, individual and group homework, group works

2014: HE  RG  

2013: HE  RG  

2012: EI  GI  

2011: GI