BE-409 Real Estate Economics
- ECTS Credits:
- 7.5
- Responsible department:
- School of Business and Law
- Course Leader:
- Anne Wenche Emblem
- Lecture Semester:
- Autumn
- Teaching language:
- English.
- Duration:
- 1 term
The course is connected to the following study programs
- Master's Programme in Business Administration
- Master's Programme in Business Administration (5 years)
Teaching language
English.Recommended prerequisites
Introduction to Microeconomics or equivalent.
Course contents
This course introduces students to the main tools and concepts of real estate economics. Students will learn models addressing central topics within real estate economics, such as real estate in the wider economy (internationally and nationally) and the relationship between the property and capital markets. Moreover, topics within urban economics are in focus (e.g., location patterns in urban areas, sustainable use of land, etc.) Environmental impact associated with usage, construction and renovation of properties will be addressed.
Learning outcomes
Upon successful completion of this course student should:
-
be familiar with the concepts of real estate economics
-
identify how various international and national events may influence the real estate market
-
know the relationship between the property and capital markets
-
explain how real estate affect cities and landscape, and how the real estate industry impacts the environment
-
understand the location decision of households and firms
-
explain how rents and prices in the urban land markets are determined
-
understand the unique features of the housing market and its functioning
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analyze and explain the implications of public policy and regulation for the real estate market
Examination requirements
Approved compulsory group assignment. More information will be given in Canvas at the start of the semester.
Teaching methods
Lectures and group work. Estimated workload is about 200 hours.
Evaluation
The study programme manager, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Admission for external candidates
No
Assessment methods and criteria
4-hour written examination with letter grades.