Course code EIE311

EIE311 Real Estate Development, Economic Analysis and Valuation

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Showing course contents for the educational year 2015 - 2016 .

Course responsible: Dag Einar Sommervoll
Teachers: Sølve Bærug, Harald Bøvre
ECTS credits: 10
Faculty: Department of Landscape Architecture and Spatial Planning
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
-
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel, .
Course frequency: Annually
First time: 2011V
Preferential right:
M-EUTV
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.
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) and EIE310 (Property market and analysis).
Recommended prerequisites:
Knowledge of real estate and property development. BUS133 (Excel for Business) and BUS220 (Finance and Investment).
Mandatory activity:
Tests. Project work in groups. Presentation of project work.
Assessment:
-
Nominal workload:
ca. 50 hours of lectures and common supervision, ca. 125 hours of project work/group work, ca. 125 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. 10 hours common supervision related to the project work, øvinger mv.
Note:
-
Examiner:
Allowed examination aids: All types of calculators, all other aids.
Examination details: One written exam: A - E / Ikke bestått