Subject Datasheet
Completion requirements
Subject Datasheet
Download PDFI. Subject Specification
1. Basic Data
1.1 Title
Economics of Civil Engineering Projects
1.2 Code
BMEEOUVMSFIN11-00
1.3 Type
Module with associated contact hours
1.4 Contact hours
| Type | Hours/week / (days) |
| Lecture | 2 |
1.5 Evaluation
Midterm grade
1.6 Credits
3
1.7 Coordinator
| name | Dr. Orosz Csaba |
| academic rank | Associate professor |
| orosz.csaba@emk.bme.hu |
1.8 Department
Department of Highway and Railway Engineering
1.9 Website
1.10 Language of instruction
hungarian
1.11 Curriculum requirements
Recommended elective in the Specialization in Highway and Railway Engineering (MSc) programme
1.12 Prerequisites
1.13 Effective date
1 September 2025
2. Objectives and learning outcomes
2.1 Objectives
Aim of the course: To acquire basic skills in the complex analysis of civil engineering projects. Technical,
environmental and economic assessment. Ability to balance and calculate social costs, social benefits and
private costs and benefits. Proficiency in risk assessment.
2.2 Learning outcomes
Upon successful completion of this subject, the student:
A. Knowledge
1. Knows the basic economic concepts of civil engineering facilities.
2. Gets acquainted with the scale, circumstances and risks of some major Hungarian and
international civil engineering investments. [Traffic, environment] Knows the basic methods of follow-up investigations.
3. Knows the preliminary goals and sees the sometimes disputed end results.
4. Knows the basic international approaches; the market and welfare approach. It reviews some basic assessment techniques. If necessary, you can quickly find the basic literature sources in Hungarian and foreign languages.
B. Skills
1. Able to quickly review and select the literature. [Quick detection of current cases using the Internet. A similar task during the inquiry.]
2. Basic proficiency in ex-ante project evaluation and ex-post inventory.
3. It becomes suitable for making expert assessments, assessing the degree of complexity of projects, and for objective, balanced, multi-criteria evaluation.
4. Familiarize yourself with the basic rules of cooperation with representatives of other professions. [Architects, lawyers, economists, environmentalists, conservationists.]
C. Attitudes
1. Collaborates with the instructor and fellow students to expand knowledge. Further improving skills in the direction of cooperation, teamwork, open evaluation.
2. Cooperates with the instructor in the preparation of partial performance evaluations.
3. Expands his knowledge and professional vocabulary with continuous acquisition of knowledge. He puts it right. Open to the use of information technology tools.
4. Strives for an accurate, error-free solution.
5. Prepares documentation of the quality and appearance expected at the engineering level, organized during his written performance evaluations.
6. The student's knowledge develops in the following areas: teamwork, discussion culture,tolerance, insight; documentation for professional purposes and social participation. [public participation]
D. Autonomy and Responsibility
1. Independently processes the knowledge material listened to and discussed in the lecture classes in order to successfully complete the summary performance evaluations.
2. Performs, independently and to the best of his / her knowledge, the tasks assigned in the independent partial performance assessments. [Teamwork - Lecture and Opponent Opinions.]
3. Receives well-founded and exaggerated critical remarks.
4. Use a systematic, balanced approach in your thinking.
2.3 Methods
Lectures with presentations, interactively. Historical case studies and current affairs. [70% - 30%] Project
presentation in groups of 2-4 people. Communication, Internet resource search data processing in writing
and orally during classes and performance evaluation.
2.4 Course outline
1. Airports as COMPLEX TRANSPORT FACILITIES. I. Major airports in Europe. Interaction of market and welfare planning mechanisms.
2. Development, competition and competitiveness of airports and their region. Transport-aviation competition in Central and Eastern Europe.
3. Major transport investments in international practice. CBA (Cost-Benefit Analysis) - Basic methodology. CBA - MCA - Value Analysis - Life Cycle Analysis.
4. Case studies. Practice of applying cost-benefit analysis.
5. Domestic and international transport investments. Specific methods, financing practice.
6. CBA: Profit - to - cost ratio, net present value, internal rate of return. Transport developments, road developments in Hungary, 1994-2016-.
7. CBA: Simplified examples for cost-benefit analysis. Traffic forecast. Possibilities of error. Financial, environmental and ethical risks. Student lectures
8. Value analysis. Basics, examples, effects, side effects. Student lectures
9. CBA: Economic Concepts of Cost-Benefit Analysis. Consumer surplus. The cost of opportunity. Transfer payments and double counting. External effects.
10. Environmental externalities. Real proportions, scales. Student lectures
11. CBA: Economic Concept of Equivalent Compensation. Pareto-optimum. The value of time saved. Accident costs. Student lectures.
12. CBA: Risk analysis, sensitivity testing. Student lectures.
13. Student lectures. Summary. Knowledge and ability survey.
14. Concise summary. Key lessons from performance appraisal. Interactive closing presentation.
The above programme is tentative and subject to changes due to calendar variations and other reasons specific to the actual semester. Consult the effective detailed course schedule of the course on the subject website.
The above programme is tentative and subject to changes due to calendar variations and other reasons specific to the actual semester. Consult the effective detailed course schedule of the course on the subject website.
2.5 Study materials
Downloadable materials:
- lecture slides
- project guide including calculation samples
Literature: Adler, H (1992) : Cost Benefit Analysis. Examples. pp. 1-275.; Decision Making on Mega-
Projects. Edward Elgar Publishing Ltd. (2008) pp. 1-342
2.6 Other information
0
2.7 Consultation
The instructors are available for consultation during their office hours, as advertised on the department
website.
This Subject Datasheet is valid for:
2025/2026 semester II
II. Subject requirements
Assessment and evaluation of the learning outcomes
3.1 General rules
The evaluation of the formulated learning outcomes is based on a mid-year written summary
performance evaluation, as well as an independent partial performance evaluation (presentation of a case
study in the framework of group work) and the activity demonstrated in the lectures.
3.2 Assessment methods
| Assessment Name (Type) | Code | Assessed Learning Outcomes |
|---|---|---|
| Midterm test | MT | A.1-A.4; B.1 |
| Presentation | PR1 | A.1-A.5; B.1-B.3; C.1, C.3, C.6; D.2-D.4 |
| Homework | HW1 | A.1-A.5; B.1-B.6; C.1-C.6; D.1-D.4 |
The dates of deadlines of assignments/homework can be found in the detailed course schedule on the subject’s website.
3.3 Evaluation system
| Code | Weight |
|---|---|
| MT | 50% |
| PR1 | 20% |
| HW1 | 30% |
| Total | 100% |
3.4 Requirements and validity of signature
Signature can not be obtained for the course.
3.5 Grading system
| Grade | Score (P) |
|---|---|
| excellent (5) | 90≤P |
| good (4) | 75≤P<90% |
| satisfactory (3) | 63≤P<74% |
| pass (2) | 50≤P<63% |
| fail (1) | P<50% |
3.6 Retake and repeat
1) The homework may be submitted late at the dates described in the “Detailed Schedule” with paying a special fee.
2) Due to the nature of the presentation, the presentation cannot be replaced, improved, or otherwise
replaced.
3) The MT1 may be retaked free of charge for the first time at the date described in the "Detailed schedule". In the case of a retake, the new result overwrites the previous result in all cases.
3.7 Estimated workload
| Activity | Hours/Semester |
|---|---|
| Contact hours | 14×2=28 |
| Preparation for the test | 22 |
| Case study, preparation of a presentation | 28 |
| Homework | 12 |
3.8 Effective date
1 September 2025
This Subject Datasheet is valid for:
2025/2026 semester II