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

Module Convenor: Mr Eamonn D'Arcy

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. 


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. 

 



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





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




  • demonstrate a systematic understanding of the influence of economic conditions and public policy on land markets; 




  • demonstrate a practical 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' quantitative, analytical, presentation and report writing skills and contribute to the qualities and transferable skills necessary for employment. 


Outline content:

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


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 seminar participation, students are required to undertake a major individual written project assignment, which acts as a consolidating and integrating vehicle for the taught material. 


Contact hours:
  Autumn Spring Summer
Lectures 10
Seminars 5
Guided independent study:      
    Wider reading (independent) 25
    Wider reading (directed) 20
    Preparation for presentations 10
    Preparation of practical report 30
       
Total hours by term 100 0 0
       
Total hours for module 100

Summative Assessment Methods:
Method Percentage
Written assignment including essay 80
Oral assessment and presentation 20

Summative assessment- Examinations:

Not Applicable


Summative assessment- Coursework and in-class tests:

The module will include one written assignment. It will consist of an applied research report based on a project brief supplied to students. In addition, students are required to formally present their principal findings and to formally discuss those presented by students in another group on another topic in week 11 of the Autumn Term. Guide length of major assignment: 2,500 words (or equivalent); submission date in week 1 of the Spring Term. 


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 a reassessment project brief counting for 100% of the module assessment. This is subject to variation by the Examination Board where appropriate


Additional Costs (specified where applicable):

Last updated: 30 April 2019

THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.

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