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
EnglishRecommended prerequisites
Bachelor level courses in Microeconomics and Finance.
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 the student should:
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Understand how various international and national events may influence the real estate markets.
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Be familiar with factors important to the decision on investments in real property and understand how the property and capital markets interacts.
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Be familiar with the economic forces that cause the development of cities and cause urban economies to grow or shrink.
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Be familiar with the unique features of the land and housing markets and be able to analyse how the market equilibrium is determined.
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Understand why the markets for urban land and housing are unique and how this shapes the location decisions of firms and households, as well as tax and spending policies of local government.
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Evaluate policies designed to address urban problems, among which are environmental issues.
Examination requirements
Approved compulsory assignments. Information will be given in Canvas at the start of the semester.
Teaching methods
Lectures, group work and individual work. Estimated workload is about 200 hours.
Evaluation
The person responsible for the course, 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.