Course Details

Course Information Package

Course Unit TitleFEASIBILITY AND TECHNOECONOMIC STUDIES
Course Unit CodeQSE460
Course Unit Details
Number of ECTS credits allocated5
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Describe methods of comparing alternatives, present value and internal rate of return.
  2. Understand the principles and techniques for identifying economic trends.
  3. Understand urban morphology, environmental issues and theories of land use, land value and rents within the context of feasibility studies.
  4. Perform feasibility studies for development projects.
  5. Apply technoeconomic knowledge to make informed decisions on investments.
  6. Analyse economic trends.
  7. Evaluate methods of comparing alternatives.
  8. Plan and design technoeconomic studies for development projects.
Mode of DeliveryFace-to-face
PrerequisitesAEAP200Co-requisitesNONE
Recommended optional program componentsNONE
Course Contents

Economics:

In depth knowledge and understanding of economics. Description of methods of comparing alternatives, present value and internal rate of return. Description of principles and techniques for identifying economic trends.

Real Estate Design and Feasibility Study:

Introduction to feasibility study and their importance. Description of intra-metropolitan growth patterns, urban morphology, environmental constraints, engineering constraints, planning constraints. Description of theories of land use, land value and rents.

Market and location analysis: site analysis, demographic analysis, gravity modeling, absorption analysis.

Economic Trends and technoeconomic analysis:

Effect of volatile economic and market conditions, identification of trends in rents and market prices. Technoeconomic analysis for development projects.
Recommended and/or required reading:
Textbooks
  • Barrett, G. (1982) How to Conduct and Analyze Real Estate Market and Feasibility Studies.
  • Samuelson & Nordhaus, Economics, McGraw Hill, 19th edition, 2008
References
  • Peiser and Frej (2003) Professional Real Estate Development.
Planned learning activities and teaching methods

The course will be presented through formal theoretical lectures and tutorial sessions in class. Assignments will be given to students on feasibility studies and on technoeconomic analysis. The lectures will present to the student the course content and also allow time for examples, questions and discussion. Notes shall be taken by the students in class during lectures.

In addition, all of the course material will be made available through the class website and also through the university’s own e-learning platform. Finally, the instructor will be available to students during office hours or by appointment in order to provide any necessary tutoring.
Assessment methods and criteria
Midterm Exam20%
Assignment 110%
Assignment 210%
Final Exam60%
Language of instructionEnglish
Work placement(s)NO

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