Course overview
This course deepens students' understanding of economics and property concepts from Discovering Opportunities in Property (DOP) and 'Principles of Economics, while enhancing analytical skills from Quantitative Methods for Business. Unlike DOP, this course establishes theoretical foundations of property markets and values, applying principles using International Valuation Standards. Students will explore economic and geographical factors influencing property markets and solve practical problems faced by real estate professionals. This foundational course is crucial for subsequent studies in valuation, marketing, management, and property development, relating material to global examples.
Course learning outcomes
- Demonstrate an understanding of how economic and geographical factors influence property markets
- Apply property economic theory to the development and pricing of land resources
- CO3. Compare the role of the free market and Government, in land resource management
- Demonstrate an understanding of the main characteristics of housing markets and the process of regeneration