The module consists of the lecture “Sytem of Infrastructure” and “Economic Assessment Methods”.
“System of Infrastructure” gives insights into technical and social infrastructures, such as water supply, sewage disposal, electricity supply, waste disposal, transport facilities or educational facilities. The social and economic importance of infrastructures as well as current challenges of urban and rural development will be presented (e.g. demographical change, climate change). Characteristics of large-technical systems, in the practice used planning models and national as well as EU-wide coordination of spatial planning interests on different levels are contents of the module. The interdependencies between infrastructure sectors, current changes of the infrastructure supply caused through technical innovations, liberalisation and privatisation processes as well as environmental modernisation are topics that will be examined by the students in the course. Next to that point, planning processes of infrastructure projects will be analysed, considering a requirement research, the implementation of political interests, the examination of the location, the feasibility study and the financing and refinancing of the project.
With a focus on valuation methods, the course “Economic Assessment Methods” provides students with the basics and the application of common economic evaluation methods that are needed for decision-makers of large infrastructure projects. Next to financial mathematical principles, the most used economical valuation methods as cost-benefit-analysis, value-benefit analysis and cost-effectiveness analysis will be presented in the lecture. The students also get to know property value and international methods of valuation like the asset value method, the discounted Cash flow and the residual value method. Next to these points, also economic valuation methods for environmental assets are content of the course. The course imparts basic knowledge of infrastructure project management and takes a look at application methods of agile management that are useful for construction projects.