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Real Estate Economics

BE-409-1

Included in Study

  • Master's Programme in Business Administration
  • Master's Programme in Business Administration (5 years)

Language of teaching

English

Recommended previous knowledge

Bachelor level courses in Microeconomics and Finance.

Learning outcomes

Upon successful completion of this course the student should:

  • Understand how various international and national events may influence the real estate markets.
  • Be familiar with factors important to the decision on investments in real property and understand how the property and capital markets interacts.
  • Be familiar with the economic forces that cause the development of cities and cause urban economies to grow or shrink.
  • Be familiar with the unique features of the land and housing markets and be able to analyse how the market equilibrium is determined.
  • 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.
  • Evaluate policies designed to address urban problems, among which are environmental issues.

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.

Teaching and learning methods

Lectures, group work and individual work. Estimated workload is about 200 hours.

Examination requirements

Approved compulsory assignments. Information will be given in Canvas at the start of the semester.

Examinations

4-hour written examination with letter grades.

Student 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

Choose year for topic

Duration

1 semester

Credits

7.5

Start

Autumn

Campus

Kristiansand 

Faculty

School of Business and Law 

Schedule

Reading List

Exam Papers