RE3IVP-Investment and Finance Projects

Module Provider: Real Estate and Planning
Number of credits: 30 [15 ECTS credits]
Terms in which taught: Autumn / Spring / Summer module
Non-modular pre-requisites: Real estate economics, investment appraisal, return modelling
Co-requisites: RE3ISM Investment Strategy and Management and RE3FM Finance and Markets and RE3SQT Statistics and Quantitative Techniques
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Stanimira Milcheva


Summary module description:
The project-based module aims to provide an application of the various concepts learned in RE3ISM and RE3FM to real-world investment decisions. In particular (i) the modelling and critical analysis of an actively managed portfolio (ii) the assessment of investment conditions across different markets sectors and real estate companies, (iii) modelling and critical assessment of asset allocation models, (iv) critical assessment of financial statement reports.
The projects also aim to:
•Improve statistical computing and econometric analysis skills
•Enhance understanding of the forecasting process
•Understand company and investment analysis
•Improve data analysis skills
•Improve report writing skills.

The investment and finance projects allow and encourage students to develop depth of understanding and analytic skills by researching, modelling, presenting and reporting upon a series of independent or linked research topics.

Assessable learning outcomes:
Upon completion of both projects, students will have demonstrated their ability to:
- discuss and critically appraise relevant literature, both academic and professional;
- identify theoretical concepts in the fields of investment and finance and apply those concepts to practical real estate problems; critically assess the viability of those concepts;
- apply analytic techniques (both qualitative and quantitative) to data, interpret the results and integrate the findings with theoretical concepts;
- produce concise, analytic, well-argued and well-presented research reports.

Additional outcomes:
The module will support further development of oral and written presentation skills and the use of IT in the production of papers and reports. The module will enhance knowledge of the current business environment.

The module also incorporates part of the University's Career Management Skills (CMS) programme which all students are expected to have completed by the time they graduate from the University.

Outline content:
The module aims to allow students to develop modelling skills, analytic skills and critical thinking through independent study of market-relevant research topics. Students will undertake projects selected to reflect current real estate investment and capital market issues and to integrate themes developed in the specialist modules. The projects include data analysis and formal, written reporting. Project topics might include discussions of the optimal way to structure a mixed asset portfolio containing commercial property; the assessment of the management of an active portfolio; a critical analysis of investment styles and strategies; an exploration of the investment characteristics and performance of property as an asset class; or an investigation of the relationship between indirect property investments (such as property companies) and directly-owned real estate. The module also incorporates the CMS element.

Brief description of teaching and learning methods:
The bulk of student effort comes through private, independent study. For each project, there will be a project briefing and a number of workshops throughout the terms where students may bring questions and problems for discussion. There will be a feedback session for each project (on a group basis) and students will receive detailed individual written feedback. The emphasis is very much on individual learning and independent work.

Contact hours:
  Autumn Spring Summer
Project Supervision 2 2
Practicals classes and workshops 6 6
Guided independent study 180 180 24
Total hours by term 188.00 188.00 24.00
Total hours for module 400.00

Summative Assessment Methods:
Method Percentage
Report 97.5
Project output other than dissertation 2.5

Other information on summative assessment:
Projects (97.5%)
Career Management Skills (2.5%)

Formative assessment methods:

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at:
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:

    Requirements for a pass:
    A mark of at least 40% overall.

    Reassessment arrangements:
    Reassessment by coursework to be submitted on a predetermined date agreed by the Examination Board.

    Additional Costs (specified where applicable):
    1) Required text books:
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding:
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 21 December 2016

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