REMF68: Real Estate and Urban Economics
Module code: REMF68
Module provider: Real Estate and Planning; Henley Business School
Credits: 20
Level: Postgraduate Masters
When you'll be taught: Semester 1
Module convenor: Dr Carlo Corradini, email: c.corradini@henley.reading.ac.uk
Pre-requisite module(s):
Co-requisite module(s):
Pre-requisite or Co-requisite module(s):
Module(s) excluded:
Placement information: NA
Academic year: 2024/5
Available to visiting students: No
Talis reading list: Yes
Last updated: 28 May 2024
Overview
Module aims and purpose
The module aims to provide students with insights into the application of economic principles and formal economic models to understand urban socio-economic dynamics and how housing and real estate markets work. Theobjectiveof the module isto develop- through a mix of formal economic modelling and conceptual as well as quantitative perspectives - a comprehensive understanding of economic forces shaping urban economic growth and local structural change, land use allocation within cities, equilibrium adjustment processes in demand and supply of real estate as well as broader dynamics of real estate markets.
Module learning outcomes
By the end of the module, it is expected that students will be able to:
- understand and critically evaluate the main principles and models relating to the economics of cities, property and land through conceptual, theoretical and quantitative perspectives;
- understand the forces underlying the determination of urban land use and the linkages to local economic dynamics;
- demonstrate a comprehensive understanding of the principal determinants of the demand for and the supply of commercial, industrial and residential property;
- apply economic theory to evaluate patially bounded processes of innovation, industrial change as well as local economic growth and the implications for housing and real estate markets.
Module content
- Agglomeration and urban economic growth
- Innovation, entrepreneurship and resilience in the local economy
- Microeconomics of land use
- Systems of cities and urban growth in the global economy
- Contemporary issues in urban and regional development
- Demand and supply of real estate: user market, investment and development market in real property
- Housing demand and supply
- Economics of land-use planning, supply constraints and housing market dynamics
- Real estate cycles
- Macroeconomics and real estate markets
Structure
Teaching and learning methods
The module is taught using a combination of lectures and in-person seminars.
Each week, one lecture will be devoted to presenting and discussing key theories and concepts. This will be followed by a seminar, where concepts and theory are applied to different cases through class discussions and further material is considered together.
Study hours
At least 30 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.
Scheduled teaching and learning activities | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Lectures | 20 | ||
Seminars | 10 | ||
Tutorials | |||
Project Supervision | |||
Demonstrations | |||
Practical classes and workshops | |||
Supervised time in studio / workshop | |||
Scheduled revision sessions | |||
Feedback meetings with staff | |||
Fieldwork | |||
External visits | |||
Work-based learning | |||
Self-scheduled teaching and learning activities | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Directed viewing of video materials/screencasts | |||
Participation in discussion boards/other discussions | |||
Feedback meetings with staff | |||
Other | |||
Other (details) | |||
Placement and study abroad | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Placement | |||
Study abroad | |||
Independent study hours | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Independent study hours | 170 |
Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.
Semester 1 The hours in this column may include hours during the Christmas holiday period.
Semester 2 The hours in this column may include hours during the Easter holiday period.
Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.
Assessment
Requirements for a pass
Students need to achieve an overall module mark of 50% to pass this module.
Summative assessment
Type of assessment | Detail of assessment | % contribution towards module mark | Size of assessment | Submission date | Additional information |
---|---|---|---|---|---|
Written coursework assignment | Coursework | 100 | 4,000 Words | Assessment Week 1, Semester 1 |
Penalties for late submission of summative assessment
The Support Centres will apply the following penalties for work submitted late:
Assessments with numerical marks
- where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of three working days;
- the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
- where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three working days after the original deadline (or any formally agreed extension to the deadline), no penalty shall be imposed;
- where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.
Assessments marked Pass/Fail
- where the piece of work is submitted within three working days of the deadline (or any formally agreed extension of the deadline): no penalty will be applied;
- where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension of the deadline): a grade of Fail will be awarded.
The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.
Formative assessment
Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.
Reassessment
Type of reassessment | Detail of reassessment | % contribution towards module mark | Size of reassessment | Submission date | Additional information |
---|---|---|---|---|---|
Written coursework assignment | Essay | 100 | 4,000 Words | During the university resit period |
Additional costs
Item | Additional information | Cost |
---|---|---|
Computers and devices with a particular specification | ||
Required textbooks | ||
Specialist equipment or materials | ||
Specialist clothing, footwear, or headgear | ||
Printing and binding | ||
Travel, accommodation, and subsistence |
THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.