Course code EIE311

EIE311 Real Estate Development, Economic Analysis and Valuation

Norsk emneinformasjon

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Showing course contents for the educational year starting in 2019 .

Course responsible: Sølve Bærug
Teachers: Terje Holsen
ECTS credits: 10
Department: Faculty of Landscape and Society
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
.
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel
Course frequency: Annually
First time: 2011V
Preferential right:
.
Course contents:
Introduction to DCF og NPV. Discount rates, Advanced micro-level valuation. Leverage and financing in practice. Real estate portefolios. Real options and land value. Leases and leasing strategy.
Learning outcome:
The student shall be able to utilize economic tools for advanced economick analysis of property development projects. The student shall know the terminology and current tradition of the Norwegian real estate business.
Learning activities:
Lectures: ca. 4 h total per week. Self study and project work in small groups.
Teaching support:
Some supervision in connection with project work/group work.
Syllabus:
David M. Geltner, Norman G. Miller, Jim Clayton, Piet Eichholtz Commercial Real Estate Analysis and Investments (with CD-ROM) Other course material: Overview of course material and curriculum will be handed out at the start of the semester.
Prerequisites:
TBA270 (Construction Management), EIE310 (Property market and analysis), BUS133 (Excel for Business) and BUS220 (Finance and Investment) or equivalent.
Recommended prerequisites:
Knowledge of real estate and property development. 
Mandatory activity:
Tests. Project work in groups. Presentation of project work.
Assessment:
A written 3 hour exam, graded A-F. An open-book exam where every aid is allowed, including the students own pc. Communicating with externals is not allowed.
Nominal workload:
ca. 40 hours of lectures and common supervision. Ca. 50 hours of project work/group work, ca. 210 hours of self study.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Reduction of credits:
-
Type of course:
Ca. 40 hours of lectures. Ca. 2 hours common supervision related to the project work, assignments and more.
Note:
-
Examiner:
An external examiner will participate in the evaluatioin of all of the exams. A conference between the cours responsible and the external examiner will be held.
Allowed examination aids: C3 Alle typer kalkulatorer, alle andre hjelpemidler - inkludert digitale
Examination details: One written exam: A - E / Ikke bestått