Academic Year 2023/2024

  • Docente: Davide Viaggi
  • Credits: 6
  • SSD: AGR/01
  • Language: Italian
  • Moduli: Davide Viaggi (Modulo Mod 1) Stefano Targetti (Modulo Mod 2)
  • Teaching Mode: Traditional lectures (Modulo Mod 1) Traditional lectures (Modulo Mod 2)
  • Campus: Bologna
  • Corso: Second cycle degree programme (LM) in Agricultural Sciences and Technologies (cod. 9235)

Learning outcomes

At the end of the course, the student knows the methods for the valuation of rural assets and environmental goods, being aware of the complex economic relationships behind market functioning. He/she is able to carry out professional activities applying the more advanced valuation techniques both for privat transactions and for legal procedures.

Course contents


Development of a case study of evaluation 


The objective of the ‘modulo 2’ is strengthening the theoretical bases of rural valuation with the aim to respond to the general objectives of the course.

The subjects of the ‘modulo 2’ are:

  • Review of estimation criteria and valuation techniques. Depending on the different studies and preparation of the students in rural valuation, the main estimation methods are reviewed and the bases of the valuation of rural assets are consolidated.
  • International Valuation Standard. Values and ‘highest and best use’ concepts.
  • Private project valuation. Definition, typology of investments, principles and valuation methods.
  • Public project valuation. Object of the valuation and methodological differences in comparison to the private project valuation. Phases of valuation.
  • Environmental valuation. Introduction to environmental valuation, estimation criteria, main monetary and non-monetary valuation techniques


Gallerani V. (2011). Manuale di estimo, McGraw-Hill

Case studies of valuation, available on the book website.

Teaching methods

Modulo 1 will consist in practical activities by students

Modulo 2 is organised in classroom lectures. The practical objectives of the course include the presentation of case studies, seminars and the elaboration of valuation cases with the students.


Assessment methods

The evalution is based on a combination of oral interview on the topic of the course, a case of valuation developed during the course and written comments by the student on an evaluation done by a colleague and discussion during the oral exam

It is possible to carry out the exam in english

Teaching tools

Textbook, teacher presentation, handouts, data bases

Office hours

See the website of Davide Viaggi

See the website of Stefano Targetti


Zero hunger Sustainable cities

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.