MA Real Estate Economics
Please note: This seminar will only be held in English
The course aims to provide students with a theoretical and empirical understanding of the functioning of real estate markets with a particular focus on the price determination in land and real property markets. Topics covered include: Housing demand and supply; the role of the government in real estate markets; the economic impact of land and housing market regulations (land use planning) on housing market outcomes; estimating supply and demand price elasticities, real estate cycles; the role of credit conditions; price vs. rent dynamics; commercial vs. residential real estate cycles, determinants of homeownership; externalities of homeownership; policy evaluation of mortgage subsidies.
Learning objectives
- Students have a good understanding of how various levels of government affect real estate markets and in particular prices and rents.
- Students can explain how demand and supply interact in land and real property markets to determine prices and how, why, and when property price cycles (and 'bubbles') emerge.
- Students have a good understanding of the determinants of homeownership and of the welfare implications associated with homeownership (financing) subsidies.
- Students can apply theoretical concepts and build on empirical evidence to discuss how specific policy interventions including land use regulations may affect land and real property markets.
Dates & Registration
Access all relevant information here
In brief
- 3 ECTS credits
- for Master students
- in English
- takes place in the fall semester
- limited number of participants
Please note the information in the VVZ - in case of doubt, these apply.