Facility & Real Estate Management PT
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real estate economy

level of course unit

second cycle, Master

Learning outcomes of course unit

Upon completion of this course students will be able to: -identify, understand and analyse property markets -identify economic methods of analysis and apply them to the real-estate industry.

prerequisites and co-requisites

basics economics, economics (Bachelor level)

course contents

- Foundations and extension of real-estate economics
- Economic significance of real-estate markets
- Property markets: analysis by sector
- Macroeconomics and real-estate markets
- Microeconomics and real-estate markets
- Portfolio theory in the real-estate industry
- Demographic development and the importance of the real-estate industry
- Property price bubbles in the real-estate industry

recommended or required reading

- DiPasquale, D.; Wheaton, W.: Urban Economic and Real Estate Markets. New Jersey: Prentice Hall, 1995
- Schulte, K. (Hrsg.): Immobilienökonomie-Volkswirtschaftliche Grundlagen. München: Oldenbourg, 2009
- Francke, H.; Rehkugler, H. (Hrsg.): Immobilienmärkte und Immobilienbewertung. München: Vahlen, 2011
- Brett, D., Schmitz, A. (Hrsg.): Real Estate Market Analysis - Methods and Case Studies; Washington: Urban Land Institute, 2010
- Zeitschrift für Immobilienökonomie, Frankfurt: Gesellschaft für Immobilienwirtschaftliche Forschung
- The Journal of Real Estate Finance and Economics, New York: Springer
- Journal of Real Estae Economics, Florida: The American Real Estate and Urban Economics Association

assessment methods and criteria

Written examination with multiple choice items after the self-study phase. House or seminar paper and presentation or poster presentation

language of instruction


number of ECTS credits allocated


course-hours-per-week (chw)


planned learning activities and teaching methods

lecture, group work, presentation and discussion of tasks

semester/trimester when the course unit is delivered


name of lecturer(s)

Koch David

year of study

1.year of studies

recommended optional program components


course unit code


type of course unit

compulsory subject

mode of delivery

in class course

work placement(s)

not applicable