course-details-portlet

AAR4235 - Real estate economics

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours C

Course content

Real estate economics deals with basic knowledge of financial matters related to real estate. The subject touches on the real estate sector's impact on value creation in society, issues related to sustainability, circular economy and the significance of economic framework conditions for investment in real estate. Students will learn important concepts in real estate economics and will be introduced to models and methods that shed light on key aspects related to location decisions and the determination of rental and sales prices. Students will also be introduced to various methods of valuing real estate, basic accounting principles and analyzes of accounts and other financial information.

Learning outcome

KNOWLEDGE - The students

  • have basic knowledge of financial matters related to real estate.
  • have in-depth knowledge of the framework conditions for real estate development and management, market forces, various types of market failures and the role of the public sector in the real estate market
  • have basic knowledge of the structure of the accounts and accounting terminology
  • have good knowledge of various forms of financial analysis and methods for valuing real estate and real estate projects

SKILLS - The students

  • can analyze the effect of macroeconomic factors on construction activity, real estate prices and rental prices
  • can apply basic accounting principles to real estate economics
  • can make valuation of real estate
  • Can prepare analyses of financial information and apply them

GENERAL UNDERSTANDING- The students

  • understand the basic mechanisms of real estate economics and value creation
  • have a good understanding of the real estate sector's impact on value creation in society, issues related to sustainability, circular economy and the importance of economic framework conditions for investment in real estate.
  • master the subject area's subject terms and subject terms and can convey academic material in a professional and scientific way

Learning methods and activities

Lectures, exercises and group work

Compulsory assignments

  • Exercise

Further on evaluation

4 hours written exam.

4 obligatory exercise/assessment where 3 should be approved in order to take the exam.

Students can register for a re-scheduled examination in the next exam period

Course materials

The entire syllabus will be shared on Blackboard:

Boye, K., Koekebakker, S., Krakstad, S. O., & Oust, A. (2018). Finansielle emner, 15. utgave. Cappelen Damm Akademisk. Fisher, J. D., & Martin, R. S. (2008). Income property valuation, 3rd edition. Dearborn Real Estate Education. Kaldestad, Y., & Møller, B. (2016). Verdivurdering: Teoretiske modeller og praktiske teknikker for å verdsette selskaper. Fagbokforlaget. Bjorvatn, K. (2021). Mikroøkonomi: en abc på 1-2-3. Fagbokforlaget. Bærug, S. (2017). Verdsetting av fast eiendom: en innføring. Universitetsforlaget. Fallan, L. (2011). Økonomistyring, skatter og verdsettelse: et kontraktperspektiv. Gyldendal akademisk.

More on the course

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Facts

Version: 1
Credits:  7.5 SP
Study level: Second degree level

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2024

Language of instruction: Norwegian

Location: Trondheim

Subject area(s)
  • Architecture and Economics
  • Architecture
  • Technological subjects
Contact information
Course coordinator:

Department with academic responsibility
Department of Architecture and Planning

Timetable

List view
Calendar view

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C 2024-11-26 15:00 INSPERA
Room Building Number of candidates
SL310 lilla sone Sluppenvegen 14 35
Spring UTS School exam 100/100 C INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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