REMREE-Real Estate Economics

Module Provider: Real Estate and Planning
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2019/0

Email: p.e.darcy@henley.reading.ac.uk

Type of module:

Summary module description:

This module covers the economic principles underlying land and property markets, as well as the economics of land markets.Ìý

Aims:

The module aims to build a solid foundation in the economics of land to provide an insight into the application of economic principles and models to property and land use.

Assessable learning outcomes:

The module emphasises knowledge and critical understanding of the economic principles underlying land and property markets.Ìý

Ìý

Upon completion of this module, students should be able to:Ìý

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  evaluate critically the main economic concepts and models relating to the economics of land;Ìý

  
  


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  demonstrateÌýa systematic understanding of the influence of economic conditions and public policy on land markets;Ìý

  
  


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  demonstrate aÌýpractical understanding of the microeconomics of land use and location theory.

  
  

Additional outcomes:

The module will assist students in developing a critical awareness of economic conditions and their significance on business decisions and outcomes. The module will enhance students'Ìýquantitative,Ìýanalytical,Ìýpresentation and report writing skills and contribute to the qualities and transferable skills necessary for employment.Ìý

Outline content:

•ÌýtheÌýeconomics of land: Land use, land markets, location, urban and rural development, market failure, land use regulation and other policy responses.Ìý

Brief description of teaching and learning methods:

The module will comprise lectures and class seminars, which utilise a presenter/discussant format to examine real world problems. In addition to seminarÌýparticipation,Ìýstudents are required to undertake a major individual written project assignment, which acts as a consolidating and integrating vehicle for the taught material.Ìý

Summative assessment- Examinations:

Not Applicable

Summative assessment- Coursework and in-class tests:

The module will includeÌýoneÌýwrittenÌýassignment. It will consist of an applied research report based on a project brief supplied to students. In addition,Ìýstudents are required to formally present their principal findingsÌýand to formally discuss those presented by students in another groupÌýon another topic in week 11Ìýof theÌýAutumn Term. Guide lengthÌýof majorÌýassignment:Ìý2,500 words (or equivalent); submissionÌýdateÌýin week 1Ìýof theÌýSpring Term.Ìý

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Assessment requirements for a pass:

The pass-mark for this module is 50%.

Reassessment arrangements:

Reassessment will be by an applied research report based on aÌýreassessmentÌýproject brief counting for 100% of the moduleÌýassessment. This is subject to variation by the Examination Board where appropriate

Additional Costs (specified where applicable):

Last updated: 30 April 2019