Real Estate Markets

PLAN71011 Real Estate Markets 20 Semester 1 Postgraduate Taught Level 7 Yishuang Xu Unit coordinator Planning, Property and Environmental Management 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 10.0 This unit will introduce students to the fundamentals of real estate and also act as an introduction to academic study in this subject area. We will investigate the concept of real estate markets: what is a market; how does it operate; what influences it?  In this course unit, you will consider real estate in both a global and national context.  Students will explore a number of different geographic and sector markets, critically considering the institutional framework around these: political and legal background; social and cultural aspects; technological and environmental factors.  You will study how macroeconomic and money supply factors shape property cycles and consider the potential impact of megatrends including urbanisation, climate change and globalisation This unit will introduce students to the fundamentals of real estate and also act as an introduction to academic study in this subject area. We will investigate the concept of real estate markets: what is a market; how does it operate; what influences it?  In this course unit, you will consider real estate in both a global and national context.  Students will explore a number of different geographic and sector markets, critically considering the institutional framework around these: political and legal background; social and cultural aspects; technological and environmental factors.  You will study how macroeconomic and money supply factors shape property cycles and consider the potential impact of megatrends including urbanisation, climate change and globalisation <ul><li>to provide students with a sound knowledge of the structure and operation of real estate markets and the underlying economic drivers</li><li>to encourage critical debate and reflection on the performance of real estate markets in an international context</li><li>to foster a spirit of enquiry</li></ul> <ul><li>Demonstrate a good understanding of the fundamentals of real estate and the structure and operation of real estate markets.</li><li>Demonstrate sound understanding of the causes of economic and property cycles</li><li>Demonstrate knowledge and understanding of current influences and drivers on a number of real estate markets</li></ul> <ul><li>Critically analyse and evaluate information, make considered judgements and produce innovative and credible solutions to problems</li></ul> <ul><li>Demonstrate numeracy skills through appreciation of issues around selection, accuracy, uncertainty and approximation with numbers</li></ul> <ul><li>Demonstrate ability to communicate ideas and arguments effectively, using a variety of media, to both specialist and non-specialist audience.</li><li>Demonstrate high levels of skill in commercial awareness.</li></ul> This module is delivered entirely by distance-learning. You will receive access to the online virtual learning environment which will contain the learning materials and the online tools required to interact with tutors and your fellow students.The learning materials have been specifically designed to provide an interactive and carefully structured introduction to each topic, guidance on further reading, opportunities for reinforcement activity (checking that you can apply your knowledge) and formative feedback (monitoring your progress and identifying ways to improve).The material is designed to allow you to study in a flexible manner (at your own pace) but there will be certain points during the block of study when summative (tutor-assessed) work will need to be submittedThe course materials should be considered as the starting point for your study of the subject and you should read as much professional literature (professional body publications, market reports and periodicals) and academic literature (textbooks and refereed journal articles) as you can. Formative Assessment: Outline questions and/or draft work on the main summative assessment task (500 words). Feedback will be provided to refine the focus of the main summative assessment task. Formative feedback will be provided individually by email or verbally in a session prior to the summative assessment deadline.Summative Assessment:Online test (60 minutes): 10%Essay (3,000 words): 90%Feedback on the assessments will be provided via Canvas. This will be in written or audio format. Feedback on the assessments will be provided via Blackboard. This will be in written or audio format. PLAN71011 RE DL Conditions (Programme 07880 &10027) MSc Real Estate Distance Learn MSc Real Estate DL PGDT Taught Component Mandatory MSc Real Estate MSc Real Estate PGDT Taught Component Mandatory N RICS (Royal Institution of Chartered Surveyors) Real estate economics: Dornbusch, R., Fischer, S., Begg, D. and Vernasca, G. (2014) Economics 11th edn. London: McGraw-Hill Education Jowsey, E. (2011) Real estate economics Basingstoke: Palgrave Macmillan Tiwari, P. and White, M. (2010) International real estate economics.  Basingstoke: Palgrave MacmillanAdditional reading: Barkham, R. (2012) Real estate and globalization Oxford: Wiley-Blackwell Barras, R. (2009) Building cycles: growth and instability.  Oxford: Wiley-Blackwell Baum, A. (2015) Real estate investment: a strategic approach 3rd ed. Abingdon: Routledge Cao, J. A. (2015) The Chinese real estate market: development, regulation and investment. Abingdon: Routledge Dent, P., Patrick, M. and Xu, Y. (2012) Property markets and sustainable behaviour Abingdon: Routledge Isaac, D. and O’Leary, J. (2011) Property investment 2nd ed.  Basingstoke: Palgrave Macmillan Scott, P. (1996) The property masters: a history of the British commercial property sector Abingdon: Taylor Francis Lectures 50 Tutorials 100 0 50 Notional hours of learning: 200Tutorials: 100, includingonline live contact: 10online tutorial: 10online activities: 30directed reading: 50 Seminars, including Online seminarOnline discussion