Deree - Academics - Course Descriptions

EC 3225
Real Estate Economics - Level 5
Real estate in the wider economy; the housing wealth effect. Supply & Demand. Real estate as investment; property valuation, the cap rate and its cycle. The development process. Real estate market equilibrium as a capital stock adjustment. Housing finance. Bid-rent (bid-price) curves and land-use patterns. Real estate price bubbles. Real estate price indices.
Prerequisites: EC 1000 EC 1101
UK Credits: 15
US Credits : 3/0/3
Syllabus: Download