Full-time MBA Program
Real Estate
280. Real Estate and Urban Land Economics. (3) Three hours of lecture and one hour of optional discussion per week. Prerequisites: Consent of instructor. Formerly Business Administration 280. Intensive review of literature in the theory of land use, urban growth, and real estate market behavior; property rights and valuation; residential and nonresidential markets; construction; debt and equity financing; public controls and policies.
282. Seminar in Urban Economic Resource Policy. (3) Course may be repeated for credit. Three hours of lecture per week. Prerequisites: Consent of instructor. Formerly Business Administration 282. The interaction of the private and public sectors in urban development; modeling the urban economy; growth and decline of urban areas; selected policy issues: housing, transportation, financing, local government, urban redevelopment and neighborhood change are examined.
283. Real Estate Financing. (3) Three hours of lecture and one hour of optional discussion per week. Prerequisites: Business Administration 280 and background in the basics of finance, micro-economics, macro-economics, statistics, and quantitative analysis. Formerly Business Administration 283. Students will be introduced to the fundamentals of real estate financial analysis, including elements of mortgage financing and taxation. The course will apply the standard tools of financial analysis to specialized real estate financing circumstances and real estate evaluation.
284. Seminar in Real Estate Investment Analysis. (3) Three hours of lecture per week. Prerequisites: Consent of instructor. Formerly Business Administration 284. Analysis of selected problems and special studies; cases in residential and non-residential development and financing, urban redevelopment, real estate taxation, mortgage market developments, equity investment, valuation, and zoning.
286. Housing and the Urban Economy. (3) Three hours of seminar per week. Prerequisites: Public Policy 210A-210B or equivalent. Formerly Business Administration C296. This course considers the economics of urban housing and land markets from the viewpoints of investors, developers, public and private managers, and consumers. It considers the interactions between private action and public regulation--including land use policy, taxation, and government subsidy programs. We will also analyze the links between primary and secondary mortgage markets, securitization, and liquidity. Finally, the links between local housing and related markets--such as transportation and public finance--will be explored. Quigley
287. Special Topics in Real Estate Economics and Finance. (1-3) Course may be repeated for credit. One to three hours of lecture per week. Prerequisites: Business Administration 280 and consent of instructor. Formerly Business Administration 281. Topics vary each semester. Topic areas include advanced techniques for real estate financial analysis and structuring and evaluation; the securitization of real estate debt and equity; issues in international real estate; cyclical behavior of real estate markets; portfolio theory and real estate asset allocation.
