COURSE UNIT TITLE

Offered By

Accounting and Finance (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR PINAR EVRIM MANDACI

Offered to

Accounting and Finance (English)

Course Objective

The aim of this course is to provides students with a comprehensive understanding of residential and nonresidential real estate markets investments, financing, and other decision-making, using modern finance and economics tools. The primary objectives of this course are to: conduct income property investment analyses; be able to understand and apply real estate appraisal techniques; and understand the financial assets securitized by real estate. The course will examine both single-family property mortgage backed securities (MBSs) and commercial property mortgage backed securities (CMBSs). The prepayment risk, default risk and real estate investment trusts (REITs) are examined in some detail.

Learning Outcomes of the Course Unit

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Recomended or Required Reading

1. Ling, David and Archer, Wayne (2010) Real Estate Principles: A Value Approach, 3rd edition, McGraw Hill

Planned Learning Activities and Teaching Methods

Lecture, discussions, case studies, problem solving.

Assessment Methods

Further Notes About Assessment Methods

None

Assessment Criteria

1. The students will describe the fundementals of real estate an mortgage markets.
2. The students will explain income property investment, real estate finance for residential and commercial properties.
3. The students will compare rent versus purchase for real estate.
4. The students will distinguish between single-family property mortgage backed securities (MBSs) and commercial property mortgage backed securities (CMBSs.
5. The students will be able to value different types of real estate with sales, income and cost approaches.
6. The students will describe Real Estate Investment Trusts (REITs)

Language of Instruction

English

Course Policies and Rules

1. Plagiarism of any type will result in disciplinary action.
2. Attending at least 70 percent of lectures is mandatory.
3. All assignments should be submitted on time. Otherwise will not be accepted.

Contact Details for the Lecturer(s)

berna.kirkulak@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes