Module Provider: |
Real Estate and Planning |
Number of credits: |
20 [10 ECTS credits] |
Level: |
H (Honours) |
Terms in which taught: |
Autumn, Spring and Summer |
Module Convenor: |
Prof
CM
Lizieri |
Pre-requisites: |
|
Co-requisites: |
RE3IFI RE3ISM RE3PDF RE3FM
|
Modules excluded: |
|
Module version for: |
2006/7 |
Aims:
The investment and finance projects allow and encourage students to develop depth of understanding and analytic skills by researching, presenting and reporting upon two independent research topics. |
Assessable learning outcomes:
Upon completion of both projects, students will have demonstrated their ability to:
discuss and critically appraise relevant literature, both academic and professional;
identify theoretical concepts in the fields of investment and finance and to apply those concepts to practical real estate problems;
apply analytic techniques (both qualitative and quantitative) to data, interpret the results and integrate the findings with theoretical concepts;
produce concise, analytic, well-argued and well-presented research reports. |
Additional outcomes:
The module with support further development of oral and written presentation skills and the use of IT in the production of business reports. The module will enhance knowledge of the current business environment.
Career Management Skills
The module also incorporates part of the University's Career Management Skills (CMS) programme which all students are expected to have completed by the time they graduate from the University. The Department of Real Estate and Planning adopts an essentially 'pervasive' approach to the delivery of CMS although it recognises the opportunities and benefits of mirroring, and tapping into, the elements of the Careers Advisory Service's own CMS module; in particular, the component concerned with Effective Applications. Accordingly, during the Summer term of Part 2 students are expected to attend a session on Effective Applications and to complete a related assignment. The aims of this session are:
To enable students to appreciate how knowledge of the recruitment process can improve their own job seeking.
To assist students in developing interview skills and deepen their understanding of the factors affecting interview performance.
To enable students to understand how to use the CMS on-line material and complete the assignment.
Having completed the CMS assignment, students should also be able to:
identify positive and negative features of sample application forms;
interpret job description information to anticipate potential interview questions;
analyse and discuss body language and interview performance identifying positive and negative features. |
Outline content:
The module aims to allow students to develop analytic skills and critical thinking through independent study of market-relevant research topics. Students will undertake two projects selected to reflect current real estate and capital market issues and to integrate themes developed in the specialist modules. One project will have a required report that is "academic" in nature and style (requiring the students to demonstrate that they have read widely and understood the theoretical models employed in the literature); the other will be more practical/empirical in nature, taking the form of a business report or briefing paper. Project topics might include discussions of the optimal way to structure a mixed asset portfolio containing commercial property; analysis of the potential advantages and disadvantages of new indirect property vehicles; an exploration of the investment characteristics and performance of property as an asset class; or an investigation of the relationship between indirect property investments (such as property companies) and directly-owned real estate. |
Brief description of teaching
and learning methods:
The bulk of student effort comes through private, independent study. For each project, there will be a project briefing and three seminar/workshops where students may bring questions and problems for discussion (these will be on a group rather than on an individual basis to facilitate knowledge transfer). Each student will make a brief presentation in (or around) week nine of the autumn (project one) and spring (project two) terms and then submit the completed research report in (or around) week two of the following term. There will be a feedback session for each project (again on a group basis) and students will receive detailed individual written feedback. The emphasis is very much on individual learning and independent work. |
Contact hours:
| |
Autumn |
Spring |
Summer |
| Lectures |
1 |
2 |
1 |
| Tutorials/seminars |
4 |
4 |
|
| Practicals |
|
|
|
| Other contact (eg study visits) |
|
|
|
| |
|
|
|
| Total hours |
5 |
6 |
1 |
| |
|
|
|
| Number of essays or assignments |
1 |
1 |
|
| Other (eg major seminar paper) |
|
|
|
|
Assessment:
Coursework
1 CMS Effective Applications assignment (Summer term, Part 2) 5% of marks
Either: 2 equally weighted research projects: required output for each project:
• one 10-15 minute oral presentation using appropriate visual aids;
• one written report of approximately 2,000 words;
Or: one project with required output
• two 10-15 minute oral presentations using appropriate visual aids;
• one written report of approximately 3000 words
95% of marks
Relative percentage of coursework:100%
Examinations:
none
Requirements for a pass:
students must obtain an overall aggregate of 40%
Reassessment arrangements:
Reassessment by coursework to be submitted on a predetermined date agreed by the Examination Board. |
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