Real Estate Economics And Finance Book

[Adele Strecker]

Thiseight-week online certificate course combines both theory and practice as it prepares you to critically evaluate real estate investment options and make informed decisions, based on economic and financial theories and research.

LSE Online builds on our 125 year tradition of exploring the interconnected, multidisciplinary nature of our world that shape society and business globally. Since our inception in 1895, LSE has been a pioneer in providing courses for professional development. Our founding commitment is to understand the causes of things for the betterment of society. Never has this been a more important goal than in these times of unparalleled change. We provide you with the insights and skills to think critically and independently. To make the connections, see the greater picture. To shape the future by understanding today. Whatever stage you are in your life and career. Wherever you are in the world.

The design of this online certificate course is guided by LSE faculty, as well as industry experts, who will share their experience and in-depth knowledge with you throughout the course.

The Department of Geography and Environment at LSE is a a centre of international academic excellence in economic, urban and development geography, environmental social science and climate change. Highly regarded both nationally and internationally, in 2023, the QS World University rankings rated the department 2nd globally for Geography.

The programme has an international focus that is transferable across countries and institutional settings. You will acquire significant theoretical and technical knowledge to equip you to understand urban economic processes, price determination in land and real property markets, and their interrelation with investment markets, investment analysis and portfolio choice as well as the impact of land use regulations, transport, public policy and socio-economic change. This programme will appeal if you wish to work, or are already working, in a specialised area relating to property and urban analysis, real estate finance or investment analysis.

The programme benefits from a partnership with the Investment Property Forum (IPF), which has included the programme on their selected list of graduate courses that it judges provide the relevant skills necessary for those operating in the property investment market. This recognition comes with a number of benefits for our master's graduates, including fast-track membership to the forum. In addition, the programme has an agreement with the Royal Institution of Chartered Surveyors (RICS), thus conferring professional recognition.

In exceptional cases, when a candidate has a very strong academic background in a related discipline but insufficient background in (micro-) economics, as a condition of admission candidates may be required to take an LSE summer school course in Intermediate Microeconomics and obtain a specified grade.

Please note that due to the high demand for places on the MSc Real Estate Economics and Finance, those accepted on to this programme will not normally be granted a programme transfer. If you do not intend to follow the programme, you must withdraw your application prior to Registration and apply directly to your new programme choice using the LSE online application system.

Applications for this programme are considered on a rolling basis, meaning the programme will close once it becomes full. There is no fixed deadline by which you need to apply, however, to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

For this programme, the tuition fee is the same for all students regardless of their fee status. However any financial support you are eligible for will depend on whether you are classified as a home or overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Selection for any funding opportunity is based on receipt of an offer for a place and submitting a Graduate Financial Support application, before the funding deadline. Funding deadline for needs-based awards from LSE: 25 April 2024.

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas. Find out more about financial support.

You will take courses to the value of four full units in total. You will take three compulsory courses, in addition to either Asset Markets A or Finance I, one optional half-unit course and a dissertation. If you are planning to apply for a PhD within the Department, please be advised that you need to take some methods training as part of the MSc. Contact your MSc programme director and the Director of Graduate studies to discuss this requirement.

Applied Urban and Real Estate Economics

Provides a theoretical and empirical understanding of urban economic processes and price determination in land and real property markets within an institutional context.

Real Property Market Practice*

Provides an examination of how real property markets operate in practice and of the analytical techniques and data available for analysts and practitioners.

You must note, however, that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.

Within your programme you will take a number of courses, half unit courses and full unit courses. In half unit courses, on average, you can expect 20-30 contact hours in total and for full unit courses, on average, you can expect 40-60 contact hours in total. This programme comprises lectures, seminars, workshops and help sessions, projects and examinations. In addition there will be voluntary statistical/econometric workshops and support available in both the Autumn and Winter Terms. Hours vary according to courses and you can view indicative details in the Calendar within the Teaching section of each course guide.

You are also expected to complete independent study outside of class time. This varies depending on the programme, but requires you to manage the majority of your study time yourself, by engaging in activities such as reading, note-taking, thinking and research.

LSE is internationally recognised for its teaching and research and therefore employs a rich variety of teaching staff with a range of experience and status. Courses may be taught by individual members of faculty, such as lecturers, senior lecturers, readers, assistant professors, associate professors and professors. Many departments now also employ guest teachers and visiting members of staff, LSE teaching fellows and graduate teaching assistants who are usually doctoral research students and in the majority of cases, teach on undergraduate courses only. The majority of the lectures in the Autumn Term are provided by senior members of faculty. You can view indicative details for the teacher responsible for each course in the relevant course guide.

All taught courses are required to include formative coursework which is unassessed. It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others. Summative assessment may be conducted during the course or by final examination at the end of the course. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

In addition to our cutting edge academic programme, the Real Estate Economics and Finance MSc offers an industry-leading Professional Development Programme. We organise numerous networking events with high profile figures for the real estate industry, including asset managers, investment funds, investment and lending banks developers and consultants. Our dedicated careers advisor offers CV and interview workshops and our active network of alumni actively supports current students via a mentorship scheme.

This is your chance to meet professionals working in the property and real estate sector at different stages in their careers. There will be the opportunity to meet and talk with real estate finance professionals, finance analysts, surveyors, commercial analysts, PE specialists and more.

REEF students have access to a specialised network of high-profile professionals. We match students who wish to participate in this program with a professional working in their field of interest. We have a network of alumni and friends of the programme stretching across numerous countries and specialisations within the broadly defined area of real estate. Mentors advise on career choices, professional development and help with the job market.

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