063-0602-00L  Building Process: Economy

SemesterSpring Semester 2021
LecturersS. Menz, H. Reichel
Periodicityevery semester recurring course
Language of instructionGerman
CommentThis core course (ends with «00L») can only be passed once! Please check this before signing up.

ITA Pool information event on the offered courses:
10.2.2021, 10-11 h, ONLINE, VideoZoom Link: Link


063-0602-00 GBauprozess: Ökonomie
Keine Lehrveranstaltung am 26.3. (Seminarwoche), am 2. und 9.4. (Osterferien) sowie an Feiertagen und vor den Schlussabgaben (s. Raumbelegungen!)
2 hrs
Fri11:45-13:30HIL E 6 »
S. Menz, H. Reichel

Catalogue data

AbstractThe demonstration of economic considerations within the design and construction process of buildings is the main focus of the diploma elective subject.
ObjectiveTo grasp the coherences of costs, income and income return.
ContentThe specialization Bauprozess: Economics is located at the interface between economics here considered as "economics", as well as an area of ​​the social sciences and the built space.
With increasing scale, the students are made aware of the economic constraints and opportunities that influence our urbanity, from urban development and development to the individual building. In order to vividly illustrate the consequences of these economic and general social conditions, the focus is first drawn up at each scale level and explained the basic principle on the basis of an extreme manifestation, mostly from a metropolis in our world, or on the basis of a historical example. Afterwards, we return to the familiar scale of the city of Zurich and its agglomeration in order to examine the same mechanisms here.
In each teaching module the relation to and the relevance for the profession of architects is discussed, which - following the claim of our professorship and the master lecture building process - are regarded as generalists with special knowledge also in economic areas, without being completely absorbed in these areas; without stopping to be an architect.

Selection of lessons:
1. The economy of the city
Based on the question of which reasons motivated the individual to concentrate selectively and move away from his agricultural livelihoods, the city is regarded as a new state of evolution that is structurally expressed in the silhouettes of our metropolises.
Gradual attempts are being made to unmask the forces behind the visible economic activity, such as commuting times, pay gaps, land costs, rents, scarcity and returns. Using the example of the metropolitan region of Zurich, it is shown why urban development and construction activity have manifested themselves in a certain way in a specific region at a certain time.
2. Returns
The different forms of returns as mediators between investment and income are worked out on the basis of a concrete project development and their influence on the project is shown or relativised. The concept of yield illustrates the relevance of the timeline in the planning and construction of a building. The economic consideration of a property and its division into construction and land costs, as well as the emergence of the latter from the expected returns, are discussed as well as the influence of movements in the interest markets on the project, as well as the conditions under which we architects ,
3. costs
Land, building and construction costs, as perhaps the most direct economic equivalent of architecture, are systematized using common methods and classified on the timeline of the planning and construction process. Cost types, determination, planning and control are addressed, and the most relevant factors influencing the construction costs are analyzed.
4. Project development
This lecture is due to the increasing complexity, professionalization and, as a result, heteronomy of the planning and construction process. The attractiveness of investment in real assets - and here in the front line of real estate - that has been heightened by the financial crisis of 2008 and its aftermath has led to a long before adoption of valuation and management methods, as well as forms of organization from the financial sector to real estate project development , The changing role of the architect from generalist to specialist in many project constellations is critically explained and questioned.
Lecture notesThe recordings of the lectures are available on the MAP under the link Link (book symbol at the top right).
Prerequisites / NoticeITA Pool information event on the offered courses:
10.2.2021, 10-11 h, ONLINE, VideoZoom Link:

Performance assessment

Performance assessment information (valid until the course unit is held again)
Performance assessment as a semester course
ECTS credits2 credits
ExaminersS. Menz, H. Reichel
Typegraded semester performance
Language of examinationGerman
RepetitionRepetition possible without re-enrolling for the course unit.
Admission requirementDieses Kernfach ("-00L" am Ende) kann nur einmal belegt werden. Bitte vor Belegung prüfen.
Additional information on mode of examinationEs werden 2 schriftliche Übungen während des Semesters bewertet.

Learning materials

Main linkInformation, Vorlesungsfolien
RecordingAufzeichnungen der Vorlesung (parallel zur Zoom-Vorlesung)
Zoom-Vorlesung (live)
Additional linksImmobilienökonomie-Applikation
Only public learning materials are listed.


No information on groups available.


There are no additional restrictions for the registration.

Offered in

Architecture MasterMajor CoursesWInformation
Architecture MasterField of Technology in ArchitectureWInformation