INTERNATIONAL FINANCE
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
IF3213	Real Estate Finance	Fall Spring	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Dr. Öğr. Üyesi BAHAR KÖSEOĞLU
Course Lecturer(s):	Prof. Dr. ASLI YÜKSEL
Recommended Optional Program Components:	None
Course Objectives:	This course deals with the central issues in real estate finance and investment. Typical policies and procedures used in financing of residential, industrial, and commercial properties are discussed. When the students successfully completed this course, they should be able to understand many aspects of residential real estate, such as the process by which capital investments are made in real property, and to assess some of the issues facing the real estate finance and investment community.

Learning Outcomes

The students who have succeeded in this course;
I. Learns types of mortgages used in real estate financing
II. Calculates cost of loan to the borrower
III. Learns how payment structure of a loan changes as economic environment changes
IV. Calculates risk and return of investments in real estate
V. Compares different financing alternatives for residential properties
VI. Analyses homeownership as an alternative to renting.
VII. Learns underwriting process
VIII. Calculates value of the income properties
IX. Applies financial analysis techniques within a real life environment

Course Content

real estate financing, mortgages, risk and return of investments in real estate, underwriting process,

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	The Interest Rate Factor in Financing	To read the related chapter in the text book
2)	Fixed Rate Mortgage Loans	To read the related chapter in the text book
3)	Adjustable Rate Mortgages	To read the related chapter in the text book
4)	Adjustable Rate Mortgages	To read the related chapter in the text book
5)	Residential Financial Analysis	To read the related chapter in the text book
6)	Review	To read the text book and lecture notes for the exam
7)	Single Family Housing	To read the related chapter in the text book
8)	Underwriting and Financing Residential Properties	To read the related chapter in the text book
9)	Introduction to Commercial Property Markets	To read the related chapter in the text book
10)	Real Estate Valuation	To read the related chapter in the text book
11)	Real Estate Valuation	To read the related chapter in the text book
12)	Review	To read the text book and lecture notes for the exam
13)	Investment Analysis	To read the related chapter in the text book
14)	Financial Leverage and Financing Alternatives	To read the related chapter in the text book

Sources

Course Notes / Textbooks:	Textbook / Required Material Brueggeman, William B. and Jeffrey D. Fisher. 2008. Real Estate Finance and Investments. McGraw Hill/Irwin, Thirteenth Edition.
References:	None

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	2	% 60
Final	1	% 40
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Workload
Course Hours	15	41
Study Hours Out of Class	15	50
Midterms	2	3
Final	1	2
Total Workload		96

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To correctly identify the problems and to be able to ask the correct questions	5
2)	To have the ability for problem solving and to utilize analytical approach in dealing with the problems of finance	5
3)	To understand and grasp the full details of theoretical arguments and counter arguments	5
4)	To be fully prepared for a graduate study in finance and to have lifelong learning awareness	5
5)	To be able to apply theoretical principles of finance to the realities of practical business life	5
6)	To develop solutions for managerial problems by understanding the requirements of international financial markets	5
7)	To think innovatively and creatively in complex situations	5
8)	To be able to make decisions both locally and internationally by knowing the effects of globalization on business and social life	5
9)	To have the competencies of the digital age and to use the necessary financial applications	5
10)	To be able to use at least one foreign language both for communication and academic purposes	4
11)	To understand the importance of business ethics and to take decisions by knowing the legal and ethical consequences of their activities in the academic world and business life	4
12)	To develop an objective criticism in business and academic life and having a perspective to self-criticize	4