ECONOMICS AND FINANCE | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
IF3213 | Real Estate Finance | Fall | 3 | 0 | 3 | 6 |
The course opens with the approval of the Department at the beginning of each semester |
Language of instruction: | En |
Type of course: | Departmental Elective |
Course Level: | Bachelor |
Mode of Delivery: | Face to face |
Course Coordinator : | Dr. Öğr. Üyesi BAHAR KÖSEOĞLU |
Course Lecturer(s): |
Prof. Dr. ASLI YÜKSEL |
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. |
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 |
real estate financing, mortgages, risk and return of investments in real estate, underwriting process, |
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 |
Course Notes: | Textbook / Required Material Brueggeman, William B. and Jeffrey D. Fisher. 2008. Real Estate Finance and Investments. McGraw Hill/Irwin, Thirteenth Edition. |
References: | None |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | % 0 | |
Laboratory | % 0 | |
Application | % 0 | |
Field Work | % 0 | |
Special Course Internship (Work Placement) | % 0 | |
Quizzes | % 0 | |
Homework Assignments | % 0 | |
Presentation | % 0 | |
Project | % 0 | |
Seminar | % 0 | |
Midterms | 2 | % 60 |
Preliminary Jury | % 0 | |
Final | 1 | % 40 |
Paper Submission | % 0 | |
Jury | % 0 | |
Bütünleme | % 0 | |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
Total | % 100 |
Activities | Number of Activities | Workload | |
Course Hours | 15 | 41 | |
Laboratory | |||
Application | |||
Special Course Internship (Work Placement) | |||
Field Work | |||
Study Hours Out of Class | 15 | 50 | |
Presentations / Seminar | |||
Project | |||
Homework Assignments | |||
Quizzes | |||
Preliminary Jury | |||
Midterms | 2 | 3 | |
Paper Submission | |||
Jury | |||
Final | 1 | 2 | |
Total Workload | 96 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | |
2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | |
3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | |
4) | Analyze the interventions of politics to the economics and vice versa. | |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | |
8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. |