Course code EIE311

EIE311 Real Estate Development, Economic Analysis and Valuation

Norsk emneinformasjon

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Showing course contents for the educational year 2016 - 2017 .

Course responsible: Dag Einar Sommervoll, Sølve Bærug
Teachers: Harald Bøvre
ECTS credits: 10
Faculty: Faculty of Landscape and Society
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: Study year 2011-2012
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. 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:
-
Nominal workload:
ca. 40-50 hours of lectures and common supervision. Ca. 50-60 hours of project work/group work, ca. 200 hours of self study.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
-
Type of course:
Ca. 35-40 hours of lectures. Ca. 5-10 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