Unit RURAL APPRAISAL
- Course
- Animal science
- Study-unit Code
- 80000506
- Curriculum
- In all curricula
- Teacher
- Antonio Boggia
- Teachers
-
- Antonio Boggia
- Luisa Paolotti (Codocenza)
- Hours
- 45 ore - Antonio Boggia
- 9 ore (Codocenza) - Luisa Paolotti
- CFU
- 6
- Course Regulation
- Coorte 2022
- Offered
- 2023/24
- Learning activities
- Caratterizzante
- Area
- Discipline gestionali e di sostenibilità
- Academic discipline
- AGR/01
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- Italian
- Contents
- The Module presents a set of evaluation methods of professional relevance. Firstly, the basic notions of financial calculation necessary for the purposes of evaluations are provided. Then we move on to illustrate the problem of evaluating private goods and services and to present the corresponding evaluation methods. Therefore specific evaluation cases are addressed. Subsequently, the problem of evaluating environmental assets is considered, due to their relevance in the agro-industrial production and consumption processes and in rural economies. The specific methods of evaluation of these goods are therefore presented.
- Reference texts
- Testi di riferimento TESTI_RIF Sì V. GALLERANI, G.ZANNI, D.VIAGGI, Manuale di Estimo, McGrawHill, 2004
2. I.MICHIELI, Fondamenti di Estimo, Bologna, Edagricole, 2003.
Materiale fornito dal docente - Educational objectives
- The objective of the Module is to provide the student with the basic knowledge in terms of:
• Methodological principles and tools for evaluation;
• Fundamentals for the analysis of private and public investment projects;
• Evaluation methods of private and public goods and services;
• Basic knowledge of the evaluation of environmental assets.
The main skills (ability to apply the acquired knowledge) will be:
• to elaborate the economic-financial analysis of a private and public investment project (professional level)
• carry out the market evaluation of a rustic fund (professional level)
• develop a simple multi-criteria analysis (first level of learning)
• draw up a simple environmental impact assessment (first level of learning) - Prerequisites
- The student has to have fruitfully attended at the lecturing of a course of Agricultural Economics The following are necessary knowledge to attend effectively at this Module lecturing: a) concepts of production function, supply, demand, price, cost, market equilibrium, economic system; b) economic classification of the goods (private, public, common and club goods); c) notion of farm and agricultural enterprise, agricultural productive factors; d) balancesheet of the agricultural enterprise
- Teaching methods
- The teaching activity is articulated in lectures (42 hours) and practice classroom exercises (18 hours). The The lectures concerns the programme contents. The teaching tools are provided by the teachers by Moodle.
For each topic, the students are expected to carry out a self-evaluation close-ended test in the classroom (duration 5 minuts). After the completion, the test will be made available, to study purposes, by Moodle. In particular the test concern:
Test 1: Financial Mathematics defintions
Test 2 Private Investment Analysis
Test 3: Appraisal definition and principles
Test 4: Criteria and procedures for the evaluation of private goods and services
Test 5: Comparative evaluation of an agricultural real estate
Test 6: Methods of evaluation of environmental goods
Test 7: Multicriteria Analysis
The practice excercises concerns:
Financial calculus and economic-financial analysis of private investment project in agribusiness field (6 hour) Comparative evaluation of an agricultural real estate (6 hour)
Multicriteria analysis of environmental goods (6 hour) - Other information
- Frequency: optional but reccomended
- Learning verification modality
- The examination will be managed by through an oral test with the joint discussion of a brief individual written dissertation (Individual Report). The oral test concerns with an about thirty minutes discussion aimed at verifying the degree of knowledge and of understanding achieved by the student about the methodological contents of the Module. Moreover, the oral test aims at verifying: a) the student’s capability to identify the specific characteristics of the evaluation problems; b) the level of correctness in using the technical language specific of the Module.
The brief individual written dissertation consists on the elaboration of the evaluation of a private investment and it has to be carried out by the student by the systematic supervision of the Teacher. The dissertation is aimed at verifying the student degree of achievement of competences. The dissertation has to be produced during the Module lecturing period. The dissertation report (Individual report) has to be completed and submitted to the teacher by the end of the Module lecturing period.
The final evaluation of the student examination will be made by the average evaluations achieved in the oral tests and in the dissertation report: the oral test will be weighted by 5 credits and the dissertation report will be weighted by 1 credit (see the Programme section for details). In particular, the Individual Report will be evaluated with respect to the following criteria: a) completeness; b) accuracy; c) expertise; d) originality; e) clarity. - Extended program
- The course has the objective to allow the students to achieve the knowledge of the basic methodological principles and instruments designed for the evaluation practice in the assessment of private goods in the context of animal production systems. The course also provides an introduction to the assessment of the public goods. The course enables the students with basic capabilities needed to the operational representation of the appraisal problems and to the technical, economic and appraising qualification of practical problems. The course also provides the basic knowledge to carry out the appraisal process and to elaborate and to write an appraisal report.
LEZIONI FRONTALI
Definition: interest, rate of interest, financial operation, interest regimes. Simple interest regime: calculus of interest, final amount, calculus of discount. Compound interest regime: calculus of interest, final amount, calculus of discount. Classification of the yearly financial quantities: constant and variable; anticipated and posticipated; limited, illimited. Final, initial and intermediate financial sum. Financial calculus of the restoration. Mortrage calculus. Polyannual financial values: definition, classification, final sum. Financial evaluation of the investments: Net Present Value, Internal Rate (1 CFU). Definition of Appraisal. Ordinary and Legal Appraisal. Field of interest of the Rural Appraisal. Definition of practicalevalutation. Apraissal time term of reference. Appraisal postulates: price postulate, aim postulate, comparison postulate, normality postulate. Economic aspects of the goods: market value, cost value, transformation value, complementary value, surrogate value, capitalization value, Total Economic value. Evaluation process. Topics of the practical training: Appraisal Report. Evaluation models: land and farm appraisal; production cost estimate Definition and stages of the evaluation process. The appraisal data sources. Synthetic appraising procedures: direct evaluation, historical evaluation, direct comparison, normal values evaluation, Market Comparison approach. Analytical appraisal approach: Income Capitalization Approach (1 CFU)
Evaluation models: definition, Model of the market value appraisal, Model of the evaluation of agricultural buildings. Model of evaluation of the animal feeding (1 CFU)
PRACTICES
Practice concerning the simple and compound interest. Calculus of the yearly financial quantities: constant and variable; anticipated and posticipated; limited, illimited. Final, initial and intermediate financial sum. Financial calculus of the restoration of technical goods. Mortrage calculus. Polyannual. Financial evaluation of the investments in animal production: Net Present Value, Internal Rate (1 CFU).
Evaluation inquiry: Appraisal of farm and land, agricultural buildings and production costs. Elaboration of an appraisal report. (1 CFU). - Obiettivi Agenda 2030 per lo sviluppo sostenibile