COURSE INFORMATION Course Title: ECONOMICS OF SUSTAINABILITY

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
CE 449	C	2	3	0	0	3	7.5

Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:
Course Description:	-
Course Objectives:	This course is designed to provide an individual the tools for understanding, developing and managing economically feasible sustainability projects in response to various sustainability market drivers

COURSE OUTLINE

Week	Topics
1	Introduction to Economics & Sustainability
2	The Construction Firm’s Costs
3	Life Cycle Analysis
4	Sustainable Return on Investment
5	Sustainability Rating Systems – roles and applicability of these ‘drivers’ to implement sustainable projects/systems
6	The Time Value of Money
7	Midterm exam / case study presentation
8	The Methods of Evaluation of Construction Investment Projects
9	PW Analysis
10	AW Analysis
11	ROR Analysis
12	B/C Analysis
13	Application
14	The Sustainable Building and Construction – Opportunity for the Future

Prerequisite(s):
Textbook:	Design Economics for the Built Environment: Impact of Sustainability on Project Evaluation, Herbert Robinson, Barry Symonds, Barry Gilbertson, Ben Ilozor, May 2015, Wiley-Blackwell
Other References:	Sustainability in Engineering Design and Construction, . K. Yates, Daniel Castro-Lacouture, September 25, 2015 by CRC Press The Economy Of Sustainable Construction, by N.janson Eds Ilka & Andrea Ruby, 2013
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	To learn how to address sustainability issues during engineering design and construction operations
2	To be able to understand the construction Triple Bottom Line
3	To be able to understand and use Life-Cycle Cost Assessment Models
4	To be able to understand and use Methods of Evaluation of Construction Investment Projects

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
MSc in Civil Engineering, Profile: Structural Engineering Program
1	an ability to apply knowledge of mathematics, science, and engineering
2	an ability to design a system, component, or process to meet desired needs
3	an ability to function on multidisciplinary teams	4
4	an ability to identify, formulate, and solve engineering problems
5	an understanding of professional and ethical responsibility	3
6	an ability to communicate effectively
7	the broad education necessary to understand the impact of engineering solutions in a global and societal context
8	a recognition of the need for, and an ability to engage in life long learning	2
9	a knowledge of contemporary issues
10	an ability to use the techniques, skills, and modern engineering tools necessary for engineering practice
11	skills in project management and recognition of international standards and methodologies	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	40
Final Exam	1	60
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	4	64
Mid-terms	1	30	30
Assignments			0
Final examination	1	45.5	45.5
Other			0
Total Work Load:			187.5
Total Work Load/25(h):			7.5
ECTS Credit of the Course:			7.5