Course Details

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Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
8ECON352ECONOMICS OF REAL ESTATE3+0+03514.05.2025

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program ECONOMICS
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course Introducing basic concepts of real estate economics.
Defining the basic mechanisms of real estate market and financing of real estate.
Illustrating techniques for the value and profitability calculations of real estate investments.
Course Content Course is designed mainly to examine the process and techniques of analyzing real property as an investment medium as well as the effects of market conditions and government policies upon real estate investment. The focus of the course is also on the investment relations that have developed especially through alternative investment methods in recent years. Mortgage-based investment instruments that are related to the financial crises and real side consequences of these are examined. Factors influencing real estate values such as business cycles, regional and community growth, influences on real estate development are also discussed.
Course Methods and Techniques This course will utilize methods such as case studies, market simulations, and valuation techniques. Students will work with real market data to understand the dynamics of real estate markets and experience profitability calculations of real estate investments through practical exercises. Group work and discussions will focus on the practical applications of theoretical knowledge.
Prerequisites and co-requisities ( ECON101 or ECON222 or BA225 or POLS121 )
Course Coordinator None
Name of Lecturers Asist Prof.Dr. Eda Ustaoğlu eda.ustaoglu@agu.edu.tr
Assistants Research Assist. AYŞENUR DURAK aysenur.durak@agu.edu.tr
Work Placement(s) No

Recommended or Required Reading
Resources -
Course Notes This course aims to introduce the basic concepts of real estate economics. The focus will be on the mechanisms of real estate markets and the financing of real estate. Additionally, techniques for value and profitability calculations of real estate investments will be demonstrated. Students will gain a better understanding of the dynamics of real estate markets and investment strategies.
Documents -

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Yarıyıl İçi Çalışmalarının Başarı Notunun Katkısı 1 % 40
Yarıl yılSonu Sınavı/Dönem Projesinin Başarı Notuna Katkısı 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Araştırma Ödevi 1 10 10
Yazılı Sınav 1 2 2
F2F Dersi 14 1 14
Grup Sunumu 2 3 6
Grup Projesi 1 8 8
Ev Ödevi 2 8 16
Sınıf İçi Aktivitesi 5 6 30
Okuma 10 3 30
Kişisel Çalışma 10 3 30
Sözlü Sınav 1 2 2
Final Sınavı 1 2 2
Total Work Load   Number of ECTS Credits 5 150

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Describe how basic economic models work and how they are applied in settings of real estate markets and related public policy challenges.
2 Interpret the impact of changes in supply/demand dynamics and public policy on real estate markets using analytical and empirical methodologies.
3 Explain the mechanics of housing finance and of types of housing loans.
4 Show the fundamental reasons of financial crisis in real estate markets.
5 Analyze the consequences of financial crisis (such as Mortgage).

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 House prices and property prices, housing finance and loan types
2 Financial crises
3 Fundamentals of real estate markets, investment in real property
4 Integration of real estate market and the macroeconomy
5 Supply and Demand Shocks in the Real Estate Market
6 Impact of Public Policy on Real Estate Markets
7 Midterm Exam
8 Determination of Housing Prices and Influencing Factors
9 The Mortgage Market and Housing Loans
10 Financial Crises and Their Impact on Real Estate Markets
11 Real Estate Valuation Methods
12 Real Estate Investment Trusts (REITs) and Investment Funds
13 Integration of Real Estate Markets with the Macroeconomy
14 Sustainable Real Estate Investments and Future Trends

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10
C1 1 5 3
C2 5 2 2
C3 5
C4 2 5 4 2
C5 2 5 4 2

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
  https://sis.agu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=72315&lang=en
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