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Root number
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406578 |
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Semester
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HS2024 |
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Type of course
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Block Course |
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Allocation to subject
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Economics |
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Type of exam
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Assignment |
| Title |
PhD - Real Estate Economics |
| Description |
The primary objective of this course is to equip students with theoretical insights and practical knowledge about urban economic processes and the dynamics of real estate markets within institutional frameworks. By delving into the intricate interplay between economic forces and regulatory landscapes, students will understand the determinants of urban structure, land use patterns, and the economic ramifications of housing market regulations. Through empirical analysis and case studies, students will explore topics such as local public finance, housing demand-supply dynamics, real estate cycles, the role of mortgage financing, housing policies, and climate change. This course integrates cutting-edge economic theories and empirical research to analyze the fundamental aspects of real estate markets. Emphasis is placed on comprehending the urban spatial structure, regulatory policies shaping cities, and the ability to forecast supply and demand dynamics. With a focus on Western Europe (including Switzerland) and the United States, students will gain a nuanced understanding of how different regulatory environments influence urban economic dynamics globally.
Course Content:
A Real Estate Economics: Introduction and Overview
B Real Estate Markets
1. The size and character of real estate
2. The markets for real estate assets and real estate use
3. 4-quadrant model
4. Real estate markets and public policy
C Location Choices
1. Household location trends and theories of suburbanization
2. The monocentric city model: historical roots & intracity analysis
3. The monocentric city model: intercity analysis
4. Firm location choices
D Housing Supply and Demand
1. Supply Price Elasticity
2. Demand Price Elasticity
3. Land-use regulations
4. Rent Control
E Real Estate Cycles and ‘Bubbles’
1. Real estate cycles: some stylized facts
2. Exogenous cycles
3. Endogenous cycles
4. Other theoretical explanations for cyclical behavior
5. Residential vs. commercial real estate cycles
F Homeownership
1. Spatial variation in homeownership rate
2. Should we care about the attainment of homeownership?
3. Homeownership subsidies: Justified or not?
4. What other factors determine local homeownership rates?
G Commercial Real Estate
1. How commercial property markets operate
2. Work from home and the office market
3. Retail location, spatial competition, e-commerce
H Climate Change and Real Estate
1. Hazard exposure
2. Market factors
3. Weather and climate disasters
4. Climate risk
Language: English
Credits: 6 ETCS
*** course has limited slots -to participate please register in KSL (open from 28.10.-15.12.2024)
Lectures: Prof. Dr. Simon Büchler
Exercises: Prof. Dr. Simon Büchler
Course schedule: 13.-17.01.2025
09.15 - 17.00 h, A222, UniS
Evaluation: Students will have to present a paper in class (50%) and write a short paper based on the material covered in class (50%).
Please contact Prof. Büchler until 22.11.2024, if you want to participate in this PhD seminar, (buechler@mit.edu).
Paper submission deadline: 14.02.2025
please register for participation in KSL |
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ILIAS-Link (Learning resource for course)
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Registrations are transmitted from CTS to ILIAS (no admission in ILIAS possible).
ILIAS
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Link to another web site
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| Lecturers |
Prof. Dr.
Simon Camilo Büchler, Department of Economics ✉
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ECTS
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6 |
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Recognition as optional course possible
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Yes |
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Grading
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1 to 6 |
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| Dates |
Monday 13/1/2025 09:15-17:00
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Tuesday 14/1/2025 09:15-17:00
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Wednesday 15/1/2025 09:15-17:00
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Thursday 16/1/2025 09:15-17:00
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Friday 17/1/2025 09:15-17:00
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Friday 14/2/2025 00:15-23:55
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Rooms
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| External rooms |
A222, UniS
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| Students please consult the detailed view for complete information on dates, rooms and planned podcasts. |
User:
Öffentlicher Bereich
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