Escolar Documentos
Profissional Documentos
Cultura Documentos
BSc in Real Estate Valuation
and Development
TABLE OF CONTENTS
1. THE VISION OF THE SCHOOL 5
2. PROGRAMME AIM AND OBJECTIVES 5
3. LEARNING OUTCOMES 6
4. PROGRAMME DURATION 6
5. MODES OF TEACHING 6
6. TEACHING AND LEARNING STRATEGY 7
"Learning by Doing" 7
Student‐Centred Learning 7
Course Attendance 8
Class Preparation 8
Class Participation 8
7. PROGRAMME STRUCTURE 8
CONS101 Construction Technology I 11
CONS102 Construction Technology II 13
CONS103 Construction Graphics and CAD 15
CONS201 Building Pathology 16
CONS202 Building Services Engineering 18
CONS300 GIS Basic Principles and Applications 20
CONS302 Construction Economics 22
CONS405 Project Scheduling and Control 24
CONS406 Construction Management 26
REAL100 Principles of Real Estate 28
REAL200 Urban and Regional Economics 29
2
Bachelor in Real Estate Valuation and Development
REAL201 Real Estate Law 30
REAL202 Land Planning and Environmental Design 31
REAL300 International Real Estate Economics and Markets 33
REAL301 Real estate Finance 35
REAL302 Real Estate Appraisal and Valuation 37
REAL304 Residential Property Analysis and Valuation 39
REAL305 Income Property Analysis and Valuation 41
REAL306 Statutory Valuations 43
REAL400 Real Estate Development 44
REAL401 Real Estate Investment: International and Domestic 46
REAL402 Facilities/Property Management 48
REAL403 Real Estate Development Practice 49
REAL404 Sustainability and Environmental Issues in Real Estate Development 50
PEPS100 Language and Communication Skills 52
PEPS101 Computer Skills 53
BUSN100 Introduction to Business 54
GEED101 Mediterranean Civilisation 55
MATH100 Mathematical Methods 56
STAT100 Introduction to Statistics 58
FINA100 Principles of Finance 60
ECON101 Principles of Microeconomics 62
ECON102 Principles of Macroeconomics 64
STAT200 Statistics 65
BUSN202 Managerial Economics 67
BUSN204 Principles of Marketing 69
ACCN200 Financial Accounting 71
FINA200 Financial Theory 72
3
Bachelor in Real Estate Valuation and Development
FINA201 Derivatives markets 74
FINA300 Debt Markets 76
FINA301 Corporate Finance 78
PEPS400 Dissertation Seminar 80
PEPS401 Dissertation 81
PSYC100 Introduction to Psychology 84
ACCN201 Managerial Accounting 85
FINA302 Investment Analysis 87
FINA303 Principles of Risk and Insurance 89
FINA305 Investment Banking 91
ECON101 Microeconomics 92
ECON202 Financial Economics 94
ECON203 Economics of European Union 96
ECON300 Macroeconomics 98
ECON400 International Economics 99
BUSN303 Business Law 100
ARCHPP03 Institutional Framework and Law 101
CONS401 Construction Law and Contracts 102
ARCHT04 Building Physics 103
ARCHT08 Environment and Climate 105
ARCHT11 Structural Systems 107
4
Bachelor in Real Estate Valuation and Development
1. THE VISION OF THE SCHOOL
The School of Architecture, Land and Environmental Sciences aspires to be a centre of excellence in
educating professionals in architecture, urban and environmental design, real estate and construction
management. The philosophy of the School is to establish a model of education that promotes both
professional and educational aspects of a discipline that supports academic rigour and creativity,
requires cultural and analytical development and operates within an environment that encourages
freedom of inquiry and uninhibited intellectual pursuit.
The School offers a comprehensive range of programmes at undergraduate and master’s level that can
play a pivotal role in the development of the subject areas in Cyprus, and provide a forum for research
into topical areas and contribute to policy debates.
2. PROGRAMME AIM AND OBJECTIVES
The undergraduate programme in Real Estate Valuation and Development is the first programme in
Cyprus and Greece in the field of real estate. The programme offers a comprehensive curriculum that
combines academic rigour with practical experience and serves as the ideal foundation for a
successful career in real estate related industries. The aim of the programme is to produce highly
skilled professionals for one of the biggest industries internationally by equipping students with a
qualification recognised and sought after by employers, as well as by professional and industry
bodies.
The programme curriculum combines the disciplines of management, economics and finance with
design, construction and computer courses to create a programme with sufficient depth and breadth,
which then serves as a foundation for applications in real estate. The programme places a high priority
on the integration of theory and practice and complements its emphasis on relevance in teaching with
an emphasis on research in the final year of the programme.
The specific aims of the programme in Real Estate Valuation and Development are:
- To provide students with the knowledge and skills to ensure professional success in a fast
changing, global business and economic environment.
- To equip graduates with an understanding of the legalities, principles and processes required
to fill a professional role in this field
- To equip students with an in-depth understanding of valuation techniques and their
applications to various property types and situations so as to enable them to work as
independent professionals
- To provide students with the analytical and critical thinking skills necessary to be successful
in the real estate industry
- To provide students with an appreciation of a professional ethic, which emphasises
responsibility and responsiveness to community needs.
- To facilitate internships, which provide students the chance to gain practical experience.
5
Bachelor in Real Estate Valuation and Development
3. LEARNING OUTCOMES
By the end of the programme graduates will have acquired a good understanding of:
- The key concepts theories, principles, approaches an analytical techniques used in real estate
valuation, development, investment and management including, measurement, physical and
financial appraisal of buildings; legal principles and aspects as they pertain to real estate;
economic theory and its applications to real estate; site planning and design; market and
investment analysis; real estate valuation and feasibility studies; development, construction
and economic/financial performance of buildings; property and portfolio analysis and
management; principles of construction management; and the application of business
management principles to real estate.
- All property valuation techniques and their applications to various property types and
situations
- All the stages of the real estate development process, as well as the theoretical frameworks
and analytical techniques and approaches that are applicable to each stage
- The context within which construction and real estate processes operate including the legal,
business, economic, financial, political and regulatory
- The linkages and interdisciplinary relationships in the real estate sector
- The computer and technology venues that support professional practices in the real estate
sector
- The regulatory and institutional systems within which the real estate and construction industry
operate, including planning and building controls
- Contemporary issues facing the profession in Cyprus and Europe and the drivers of change,
including concerns of environmental sustainability
- European and international valuation standards
- Professional ethics and their importance in the orderly operation of the various real estate
processes
- The impact of the balance between social, environmental and economic issues on the use and
value of real estate and the importance of taking due account of providing sustainable and
eco-friendly real estate solutions
4. PROGRAMME DURATION
The BSc in Real Estate Valuation and Development requires the completion of 240 ECTS over four
years.
5. MODES OF TEACHING
The BSc in Real Estate Valuation and Development is delivered by combining face-to-face tuition,
with the full support of interactive technology and the internet.
FACE-TO-FACE
Tuition takes place at Neapolis University at scheduled times during the week.
6
Bachelor in Real Estate Valuation and Development
INDEPENDENT LEARNING
The learning platform of the programme aims to make full use of each participant's time by
combining traditional lectures, case studies, group projects and field trips combined with a distance-
learning support material and teacher student interaction.
The curriculum is rigorous but also flexible, rich in theory but also practical enough to be a test at the
workplace, and the Programme allows participants to have a close contact with professionals in the
real estate industry.
6. TEACHING AND LEARNING STRATEGY
STUDY TEAMS AND COLLABORATIVE LEARNING
Study teams are a key feature of the programme, contributing to the learning process in the
collaborative manner of a productive workplace environment. The study team addresses team-based
assignments and receives team-directed feedback and grades from faculty. Even in individually
prepared work, team members frequently contribute educationally.
Most study teams find that, over the long run, all team members contribute equally to the team’s work
product. However, the study team provides a critical support mechanism for a student who
experiences a difficult week and cannot contribute adequately to an assignment. The assisted team
member is expected to, in turn, provide support to others when needed. The concept of the study team
presupposes that all participants endeavour to function as effective members of their teams. There is
no presumption that a team must “carry” a member who does not contribute adequately.
Students are expected to make every possible effort to resolve problems before considering team
membership changes. For most teams the stimulating environment of the programme coupled with the
high standards and initiative of the team members, will result in a smooth-functioning team. However
from time to time, teams should stop to assess and fine-tune their working relationships to maximize
the value of team education and ensure equitability. Problem areas, if any, should be addressed early
and forthrightly. The power of the team to improve itself is one of the benefits of the programme.
However, if a team is unable to resolve its differences, the Programme Director may be asked to
intercede.
"Learning by Doing"
This model followed by the programme is one of learning facilitation instead of the traditional
approach of instructor teaching. In every module students will be provided with several opportunities
to apply concepts and techniques to "real-world like" cases.
Student-Centred Learning
This approach encourages students to develop their own context for learning. Meaning and relevancy
of concepts can be highly enhanced when students are able to relate what is covered in the course to
their professional experience. Projects from a student’s work environment or from an area of their
interest are encouraged. Projects should reflect applications that demonstrate improvement over
conventional methods and cover technology skills that are considered current.
7
Bachelor in Real Estate Valuation and Development
Course Attendance
Students are required to attend all sessions of every course. Attendance at all class sessions is
essential to maintain academic quality and to benefit from as well as contribute to the dynamic
learning environment of the class.
If an emergency situation or illness occurs, students must contact the course professor prior to missing
a class session. In addition, students should also notify the course office of any absence. Please be
advised that absence from class may negatively impact a course grade, and excessive absences may
affect a student’s eligibility to continue in the programme. If the excessive absence is confined to a
single course or course pairing, the student may be required to repeat the course(s) at his/her own
expense.
Class Preparation
Preparation means that students read the materials, consider the critical issues raised in the cases and
discussion questions, and carry out appropriate quantitative and qualitative analysis in order to arrive
at and provide support for their thoughtful position. Preparation involves developing a personal
position on the issues raised in the cases and readings and contributing to fruitful exchange of ideas.
Unless students have thought about and developed a personal position, it is difficult to learn from
others’ contributions to the class.
Class Participation
For the learning process to be effective, students will need to participate actively during every class.
Only by actively participating in class discussions they will sharpen their own insights and those of
their classmates. The expectations are that students analyse, comment, question, discuss, and build on
others’ contributions. Participation enables students to learn from their colleagues.
7. PROGRAMME STRUCTURE
The University operates the European Credit Transfer System (ECTS). The course comprises a total
of 240 ECTS over eight semesters. In the first year, the course includes several introductory courses
in all disciplines that are related to real estate, such as economics, finance, business, accounting,
construction, mathematics and computers, as well as an introductory course in real estate. In this
year, the course includes also and three general education courses.
In the second year, students are offered additional introductory courses in marketing, management,
finance, construction and statistics, as well as some other courses more closely related to real estate
such as land planning, real estate law and urban and regional economics.
In the third year, the course focuses exclusively on real estate with several valuation-related courses,
as well as courses in real estate finance and real estate economics.
In the fourth year, the course focuses on real estate project development and investment.
Furthermore, during this year, students are required to complete a dissertation seminar and a
dissertation, which aim at developing their research skills.
8
Bachelor in Real Estate Valuation and Development
Programme Requirements
SEMESTER 1 ECTS SEMESTER 2 ECTS
ECON101 Principles of Microeconomics 6 ECON102 Principles of Macroeconomics 6
PEPS101 Computer Skills 3 FNA101 Financial Accounting 6
MATH100 Mathematical Methods 3 STAT100 Introduction to Statistics 6
FINA100 Principles of Finance 3 CONS102 Construction Technology II 6
BUSN100 Introduction to Business 6 CONS103 Construction Graphics & CAD 3
CONS101 Construction Technology I 6 GEED101 Mediterranean Civilisation 3
PEPS100 Language & Communication 0 PEPS100 Language & Communication 0
REAL100 Principles of Real Estate 3
30 30
SEMESTER 3 SEMESTER 4
Land Planning and
REAL202 Environmental Design 6 BUSN204 Principles of Marketing 6
BUSN202 Managerial Economics 6 CONS201 Building Pathology 6
STAT200 Statistics 6 REAL200 Urban and Regional Economics 6
REAL201 Real Estate Law 6 CONS202 Building Services Engineering 6
FINA200 Financial Theory 6 FINA201 Derivatives Markets 6
30 30
SEMESTER 5 SEMESTER 6
9
Bachelor in Real Estate Valuation and Development
8. PROGRAMME SYLLABI
10
Bachelor in Real Estate Valuation and Development
CONS101 CONSTRUCTION TECHNOLOGY I
11
Bachelor in Real Estate Valuation and Development
READING
Chudley R. and Greeno R. (2005), Construction Technology, 4th edition, Addison Wesley Longman.
12
Bachelor in Real Estate Valuation and Development
CONS102 CONSTRUCTION TECHNOLOGY II
13
Bachelor in Real Estate Valuation and Development
- Masonry Construction
- Exterior Walls
- Exterior Skin Materials & Systems
- Glass & Glazing Systems
- Roofing Materials & Systems
- Finish Materials & Systems
- Equipment Costs
- Earthmoving Basics
- Excavation Equipment
- Concrete Equipment
- Cranes
READING
Emmitt S. and C. Gorse (2010), Barry’s Advanced Construction of Buildings, Wiley-Blackwell.
Blanc A. (1994), Mitchell’s - Internal Components, Longman.
Chudley R. and R. Greeno (2006), Advanced Construction Technology, Prentice Hall.
Mehta Medan, Scarborough Walter, Armpriest Diane (2007), Building Construction: Principles,
Materials, Systems, Prentice Hall
Riley M. and A. Cotgrave, (2003), Construction Technology 2, Industrial and Commercial Building,
Palgrave.
J.S. Foster and Roger Greeno (2007), Mitchell’s - Structure and Fabric, Part 2, Prentice Hall.
McEvoy M. (1994), Mitchell’s - External Components, Longman.
McMullan R. (2007), Environmental Science in Building, Palgrave.
Reid E. (1988), Understanding Buildings, The MIT Press.
Taylor G. (2002), Materials in Construction. Principles, Practice and Performance, Longman.
Konstantinidis, A. (2009), Earthquake Resistant Buildings, Pi-Systems International.
14
Bachelor in Real Estate Valuation and Development
CONS103 CONSTRUCTION GRAPHICS AND CAD
15
Bachelor in Real Estate Valuation and Development
CONS201 BUILDING PATHOLOGY
SYLLABUS CONTENT
- Survey requirements, procedures, equipment and legal aspects
- Dating of buildings, destructive and non-destructive testing
- Types of surveys
- Element by element analysis of building defects
- Defect diagnosis, dampness, timber and movement problems
- Problems in framed buildings
16
Bachelor in Real Estate Valuation and Development
- Fire safety design
- Problems in services
- Recording and reporting techniques and conventions
- Remedies and recommendations for action in repair and conservation
- Culture and Heritage Projects.
READING
Billington, M.J., Copping, A.G., Ferguson, A. (2002), Means of Escape from Fire, Blackwell Science.
Douglas, James and Ransom, Bill (2007), Understanding Building Failures Taylor and Francis.
Everett, Alan (1994), Materials, 5th edition, Harlow: Longman Scientific & Technical.
Gleeson John (1994), Structural Failures in Traditionally Built Domestic Buildings.
Glover Peter (2000), Building Surveys, 4th edition, Butterworth-Heinemann.
Hinks J., Cook G. (1997), The Technology of Building Defects, E&FN Spon.
Hollis M. (2005), Surveying Buildings, 4th edition, RICS Books.
Illston J.M. and Domone P.L. J. (2001), Construction Materials, 3rd edition, Spon Press.
Macdonald Susan (2002), Concrete: Building Pathology, Blackwell Publishing.
Marshall D., Worthing D., et al. (1998), Understanding Housing Defects, Estates Gazette.
Robson P. (1999), Structural Appraisal of Traditional Buildings, Donhead Publishing.
Rushton Trevor (2006), Investigating Hazardous and Deleterious Building Materials, RICS Books.
Singh Jagit (1994), Building Mycology, E&FN Spon.
Taylor G. D. (2002), Materials in Construction – Principles, Practice and Performance, Longman.
Watt David (1999), Building Pathology, Blackwell Science.
Watt D. and Swallow P. (1996), Surveying Historic Buildings, Donhead Publishing.
Housing Defects Reference Manual (1991), E&F Spon.
17
Bachelor in Real Estate Valuation and Development
CONS202 BUILDING SERVICES ENGINEERING
18
Bachelor in Real Estate Valuation and Development
- Electrical installations
- Room acoustics
- Fire protection – Components, connections, & operation
- Plant and service areas
- Mechanical transportation
- Culture and Heritage Projects
READING
Essential:
Chadderton, D. (2007), Building Services Engineering, 5th edition, Taylor and Francis.
Recommended:
Tao and Janis, Mechanical and Electrical Systems in Buildings, 4th edition.
Greeno, R. (1997), Building Services, Technology and Design, Longman.
Burberry, P. (1997), Mitchell’s Environment and Services, 8th edition, Longman.
McMullan, R. (1998), Environmental Science in Building, 4th edition, McMillan.
Hall, F. (1995), Essential Building Services and Equipment, 2nd edition, Newness.
19
Bachelor in Real Estate Valuation and Development
CONS300 GIS BASIC PRINCIPLES AND APPLICATIONS
20
Bachelor in Real Estate Valuation and Development
READING
Paul Bolstad (2008), GIS Fundamentals, a First Text on Geographic Information Systems, 3rd edition.
Goodchild M., Maguire D., Rhind D., Longley P. (2005), Geographical Information Systems:
Principles, Techniques, Management and Applications 2nd edition, Wiley.
Haywood Ian (2006), An Introduction to Geographical Information Systems, Prentice Hall.
21
Bachelor in Real Estate Valuation and Development
CONS302 CONSTRUCTION ECONOMICS
22
Bachelor in Real Estate Valuation and Development
- Cost Estimating Methods
- Cost Analysis
READING LIST
Brook, M. ((2003), Estimating and Tendering for Construction Work, Elsevier.
Davidson J., Hambleton P. (2005), SMM7 Questions and Answers, RICS.
Kirkman, R. (2007), Cost Planning of Buildings, Blackwell Publishing.
McNamara P. (2003), SMM7 Explained and Illustrated, RICS.
Packer A.D. (1996), Building Measurement, Longman.
RICS (2007), New Rules of Measurement, RICS.
RICS (2000), The Standard Method of Measurement of Building Works - 7th edition revised including
amendments 1 + 2, RICS.
Seeley, I. (1996), Building Economics,4th edition, Palgrave Mcmillan.
Seeley I.H., Winfield R. (1999), Building Quantities Explained, 5th edition, Macmillan.
23
Bachelor in Real Estate Valuation and Development
CONS405 PROJECT SCHEDULING AND CONTROL
24
Bachelor in Real Estate Valuation and Development
Brian Cooke and Peter Williams (2009), Construction Planning, Programming and Control, 3rd
edition Willey-Blackwell.
Thomas E. Glavinich (2004), Construction Planning and Scheduling, 2nd edition, The Associated
General Contractors of America.
25
Bachelor in Real Estate Valuation and Development
CONS406 CONSTRUCTION MANAGEMENT
LEARNING OUTCOMES
Upon successful completion of this course, students should be able to:
- Identify, explain, critically comment and apply the main body of project management principles;
- be able to develop specific project strategies to fulfil the objectives of the client and other
stakeholders;
- demonstrate skills pertinent to the management of construction projects;
- investigate the operations of international construction projects.
ASSESSMENT
This module is assessed by coursework and a final exam, which will be given a 40/60 weight. The
coursework will include three exercises and one project assigned during the quarter. The purpose of
the exercises is to allow students to demonstrate their knowledge and ability to work with and
understand the SureTrak program. The purpose of the project is to take a practical construction
situation and apply a solution using SureTrak. The final exam will have duration of 3 hours.
COURSE OUTLINE
- Principles of Project Management
- Project Delivery Methods
- Project Chronology
- Construction Services during Design
- Bidding and Procurement Strategy
- Construction and Closeout
- Estimating Project Costs
- Project Planning and Scheduling
- Controlling Project Cost, Time and Quality
- Job-Site Administration
- Construction Safety and Health
BIBLIOGRAPHY
Allan Griffith and Paul Watson (2004), Construction Management: Principles and Practice, Palgrave
MacMillan.
Frank Harris, Ronald McCaffer and Francis Edum-Fotwe (2009), Modern Construction Management
6th edition, Blackwell Publishing.
26
Bachelor in Real Estate Valuation and Development
Frederick Gould and Nancy Joyce (2009), Construction Project Management, 3rd edition, Pearson
Prentice-Hall.
Frederick Gould (2005), Managing the Construction Process, 3rd edition, Pearson Prentice-Hall.
Brian Cooke and peter Williams (2009), Construction Planning, Programming and Control, 3rd
edition, Willey-Blackwell.
Project Management Institute (2000), A Guide to the Project Management Body of Knowledge,
Project Management Institute.
Hendrickson C & Au T, Project Management for Construction, Prentice Hall.
Walker C, Privatised Infrastructure: the BOT Approach, Thomas Telford.
Kelly J. & Male S., Value Management in Design & Construction, E&FN Spon.
27
Bachelor in Real Estate Valuation and Development
REAL100 PRINCIPLES OF REAL ESTATE
READING
Don Epley, Joseph Rabianski, and Jr., Richard Haney (2001), Real Estate Decisions, South-Western
Educational.
David C. Ling and Wayne Archer (2009), Real Estate Principles, 3rd edition, Irwin Professional
Publishers.
Millington A.F. (2000), An Introduction to Property Valuation, 5th edition, Estates Gazette.
28
Bachelor in Real Estate Valuation and Development
REAL200 URBAN AND REGIONAL ECONOMICS
29
Bachelor in Real Estate Valuation and Development
REAL201 REAL ESTATE LAW
READING
Hurndall, A. (1998), Property in Europe, London: Butterworth Law.
30
Bachelor in Real Estate Valuation and Development
REAL202 LAND PLANNING AND ENVIRONMENTAL DESIGN
LEARNING OUTCOMES
At the end of this module the student should be able to:
- Explain the origins and historical context of the Cyprus planning system.
- Describe and understand the effect of past decisions/ trends on land use and development patterns;
and how these impact on current development opportunities.
- Demonstrate knowledge of the underlying concepts and principles associated with land use
planning in Cyprus.
- Demonstrate an understanding of the key elements of the current Cyprus planning system and an
appreciation of the ideas for reform and the implications for the current system.
TEACHING METHODS
The main teaching method is lectures.
ASSESSMENT
This module is assessed by coursework and examinations, which will be given a 30/70 weight.
Examinations will include a 2-hour midterm and a 3-hour final exam. Coursework will include four
assignments one of which will be a research paper on the latest thinking and developments on topics
discussed in the class.
SYLLABUS CONTENT
- Spatial planning in a historical context
- The need for planning
- Cyprus land use regulations and building controls
- Planning and outcomes: case studies
- Planning authorities and other agencies/stakeholders
- Legal framework/process
- Planning policies-framework
- Planning policies-function and effect
- Future trends in land planning
- Environmental design and land planning
READING
Agyeman, M. & Evans, B. (1994), Local Environmental Policies & Strategies, Longman Harlow.
Allmendinger, P. et al. (2000), Introduction to Planning Practice, Wiley Chichester.
31
Bachelor in Real Estate Valuation and Development
Bell, S. & McGillivary, D. (2000), Environmental Law, Blackstone, London.
Greed, C. (1997), Introducing Town Planning, Longman, London.
Hall, P. (2002), Urban and Regional Planning, Routledge, London.
Moore, V. (2004), A Practical Approach to Planning Law, Blackstone London.
Ratcliffe, J. & Stubbs, M. (2003), Urban Planning and Real Estate Development, Routledge.
Selman, P. (1996), Environmental Planning, Paul Chapman, London.
32
Bachelor in Real Estate Valuation and Development
REAL300 INTERNATIONAL REAL ESTATE ECONOMICS AND MARKETS
33
Bachelor in Real Estate Valuation and Development
Jack Harvey and Ernie Jowsey (2003), Urban Land Economics, 6th edition, Palgrave MacMillan.
Dennis J. McKenzie (2003), Essentials of Real Estate Economics, 5th edition, Cengage Learning.
Brueggeman William B., and Jeffrey D. Fisher (2010), Real Estate Finance and Investments, 14th
edition, McGraw-Hill/Irwin.
David M. Geltner, Norman G. Miller, Jim Clayton, and Piet Eichholtz (2007), Commercial Real
Estate Analysis & Investments, 2nd edition, South Western College Publishing.
34
Bachelor in Real Estate Valuation and Development
REAL301 REAL ESTATE FINANCE
BIBLIOGRAPHY
Frank J. Fabozzi (2009), Bond Markets, Analysis and Strategies, 7th edition, Prentice Hall.
35
Bachelor in Real Estate Valuation and Development
Bierwag, G.O. (1987), Duration Analysis:Managing Interest Rate Risk, Cambridge, Mass.: Ballinger
Publishing Co.
Brueggeman William B., and Jeffrey D. Fisher (2010), Real Estate Finance and Investments, 14th
edition, McGraw-Hill/Irwin.
Dattatreya, R.E. and Fabozzi, F.J. (1995), Active Total Return Management of Fixed Income
Portfolios, Burr Ridge, IL: Irwin Professional Publishing.
Douglas, L.G. (1988), Yield Curve Analysis, New York Institute of Finance.
Fabozzi, F.J. (2005) (ed.), The Handbook of Fixed Income Securities, 7th edition, McGraw-Hill.
Geltner, D., Miller n. and Clayton J., and Piet Eichholtz (2007), Commercial Real Estate Analysis &
Investments, 2nd edition, South Western College Publishing. Homewood, Ill.: Dow Jones-Irwin.
Fabozzi, F.J. (1989) (ed.), Fixed Income Portfolio Strategies, Chicago, Ill.: Probus.
Fabozzi, F.J. (1996), Fixed Income Mathematics, McGraw-Hill.
Kaufman, G.G., Bierwag, G. O, and Toevs, A. (1983) (eds.), Innovations in Bond Portfolio
Management, Greenwich, Conn.: JAI Press.
Martellini, L., Priaulet, P. and Priaulet, S. (2003), Fixed-Income Securities: Valuation, Risk
Management and Portfolio Strategies, Wiley.
Olivier de la Grandville (2003), Bond Pricing and Portfolio Analysis, MIT Press.
36
Bachelor in Real Estate Valuation and Development
REAL302 REAL ESTATE APPRAISAL AND VALUATION
37
Bachelor in Real Estate Valuation and Development
Scarrett, Douglas (2008), Property Valuation: The Five Methods, Routledge.
Brueggeman William B., and Jeffrey D. Fisher (2010), Real Estate Finance and Investments, 14th
edition, McGraw-Hill/Irwin.
Baum Andrew, Nunnington Nick and David Mackamin (2006), The Income Approach to Property
Valuation, 5th edition, Estates Gazette.
Baum Andrew and Neil Crosby (2007), Property Investment Appraisal, 3th Edition, Wiley-Blackwell.
38
Bachelor in Real Estate Valuation and Development
REAL304 RESIDENTIAL PROPERTY ANALYSIS AND VALUATION
READING
Isaac, David and Terry Steley (1999), Property Valuation Techniques, 2nd edition, Palgrave
Macmillan.
Scarrett, Douglas (2008), Property Valuation: The Five Methods, Routledge.
Brueggeman William B., and Jeffrey D. Fisher (2010), Real Estate Finance and Investments, 14th
edition, McGraw-Hill/Irwin.
39
Bachelor in Real Estate Valuation and Development
Baum Andrew, Nunnington Nick and David Mackamin (2006), The Income Approach to Property
Valuation, 5th edition, Estates Gazette.
Baum Andrew and Neil Crosby (2007), Property Investment Appraisal, 3th Edition, Wiley-Blackwell.
40
Bachelor in Real Estate Valuation and Development
REAL305 INCOME PROPERTY ANALYSIS AND VALUATION
41
Bachelor in Real Estate Valuation and Development
Scarrett, Douglas (2008), Property Valuation: The Five Methods, Routledge.
Baum Andrew, Nunnington Nick and David Mackamin (2006), The Income Approach to Property
Valuation, 5th edition, Estates Gazette.
Baum Andrew and Neil Crosby (2007), Property Investment Appraisal, 3th Edition, Wiley-Blackwell.
Brueggeman William B., and Jeffrey D. Fisher (2010), Real Estate Finance and Investments, 14th
edition, McGraw-Hill/Irwin.
David M. Geltner, Norman G. Miller, Jim Clayton, and Piet Eichholtz (2007), Commercial Real
Estate Analysis & Investments, 2nd edition, South Western College Publishing.
42
Bachelor in Real Estate Valuation and Development
REAL306 STATUTORY VALUATIONS
LEARNING OUTCOMES
On completion of this module, students should be able to demonstrate:
- Knowledge of the main types of statutory valuations
- Ability to apply the statutory rules of compensation and the statutory planning assumptions under
different situations in order to produce valuations for compulsory purchases
- Ability to apply relevant statutory provisions when valuing properties for planning compensation
for different situations and how to value various types of property for rating purposes
TEACHING METHODS
The main teaching method is lectures.
ASSESSMENT
This module is assessed by coursework and examinations, which will be given a 30/70 weight.
Examinations will include a 2-hour midterm and a 3-hour final exam. Coursework will include three
assignments.
SYLLABUS CONTENT
The topics covered in the module include:
• Leasehold legislation
• Leasehold valuation
• National and local taxation
• Rating
• Compulsory purchase and compensation
• Planning legislation and compensation
READING
Baum Andrew and Gary Sams (2007), Statutory Valuations, 4th Edition, Butterworth Heinemann.
Barry Denyer-Green (2006), Compulsory Purchase and Compensation, 8th Edition, Estates Gazette.
43
Bachelor in Real Estate Valuation and Development
REAL400 REAL ESTATE DEVELOPMENT
READING
Brueggeman William B., and Jeffrey D. Fisher (2010), Real Estate Finance and Investments, 14th
edition, McGraw-Hill/Irwin.
44
Bachelor in Real Estate Valuation and Development
David M. Geltner, Norman G. Miller, Jim Clayton, and Piet Eichholtz (2007), Commercial Real
Estate Analysis & Investments, 2nd edition, South Western College Publishing.
Peiser R. and Frej A. (2003), Professional Real Estate Development – The ULI guide to the Business,
2nd edition, Urban Land Institute.
Ratcliff John, Stubbs Michael and Keeping Miles (2009), Urban Planning and Real Estate
Development, 3rd edition, Routledge.
Wilkinson Sara and Reed Richard (2008), Property Development, 5th edition, Routledge.
45
Bachelor in Real Estate Valuation and Development
REAL401 REAL ESTATE INVESTMENT: INTERNATIONAL AND
DOMESTIC
READING
Brueggeman William B., and Jeffrey D. Fisher (2010), Real Estate Finance and Investments, 14th
edition, McGraw-Hill/Irwin.
David M. Geltner, Norman G. Miller, Jim Clayton, and Piet Eichholtz (2007), Commercial Real
Estate Analysis & Investments, 2nd edition, South Western College Publishing.
46
Bachelor in Real Estate Valuation and Development
Hoesli Martin and Bryan D. MacGregor (2000), Property Investment: Principles and Practice of
Portfolio Management, Longman.
Brown Gerald and George Matysiak (1999), Real Estate Investment: A Capital Market Approach,
Longman Group United Kingdom.
Su Han Chan, John Erickson, and Ko Wang (2002), Real Estate Investment Trusts, Oxford University
Press.
47
Bachelor in Real Estate Valuation and Development
REAL402 FACILITIES/PROPERTY MANAGEMENT
READING
Kyle R., Baird F. and Spodek M. (2004), Property Management, 7th edition, Dearborn Financial
Publishing Inc.
Fisher J. and Martin R. (2007), Income Property Valuation, 2nd edition, Dearborn Financial Publishing
Inc.
Floyd C. and Allen M. (2008), Real Estate Principles, 9th edition, Kaplan Publishing.
Larsen J. (2008), Core Concepts of Real Estate Principles and Practices, John Wiley.
Lefcoe G. (2009), Real Estate Transactions, Finance and Development, LexisNexis.
Aalberts R. and Siedel G. (2008), Real Estate Law, 7th edition, South-Western College.
48
Bachelor in Real Estate Valuation and Development
REAL403 REAL ESTATE DEVELOPMENT PRACTICE
49
Bachelor in Real Estate Valuation and Development
REAL404 SUSTAINABILITY AND ENVIRONMENTAL ISSUES IN REAL
ESTATE DEVELOPMENT
50
Bachelor in Real Estate Valuation and Development
READING
Cooper, Rachel et al (ed), (2009), Designing Sustainable Cities. Wiley-Blackwell.
Elsevier, Sassi, Paola, (2006), Strategies for Sustainable Architecture. Taylor & Francis.
Keeping, Miles and Shiers David (2004), Sustainable Property Development, Blackwell Science Ltd.
Girardet, Herbert (2003), Creating Sustainable Cities, Green Books of the Schumacher Society.
Roaf, Sue, David Crichton et al., (2009), Adapting Buildings and Cities for Climate Changes.
Architectural Press.
Wheeler S. M. & Beatley T. (Eds.) (2004) The Sustainable Urban Development Reader. London;
New York: Routledge.
51
Bachelor in Real Estate Valuation and Development
PEPS100 LANGUAGE AND COMMUNICATION SKILLS
BIBLIOGRAPHY
Mary Ellen Guffey (2009), Essentials of Business Communication, South-Western College.
52
Bachelor in Real Estate Valuation and Development
PEPS101 COMPUTER SKILLS
BIBLIOGRAPHY
There is no standard textbook for the module. Lecturers will hand out tailor-made material for this
module.
53
Bachelor in Real Estate Valuation and Development
BUSN100 INTRODUCTION TO BUSINESS
BIBLIOGRAPHY
Boone, Louis E. and David Kurtz (2008), Contemporary Business 2009. South-Western College
Publishers.
Madura, J. (2006), Introduction to Business, 4th edition, South-Western College Publishers.
William M. Pride, W. M., Hughes, R. J. and Kapoor, J. R, (2010), Business, 10th edition, South-
Western College Publishers.
Pettinger, R. (2007), Introduction to Management, 4th edition, Palgrave Macmillan, UK.
54
Bachelor in Real Estate Valuation and Development
GEED101 MEDITERRANEAN CIVILISATION
55
Bachelor in Real Estate Valuation and Development
MATH100 MATHEMATICAL METHODS
56
Bachelor in Real Estate Valuation and Development
BIBLIOGRAPHY
Ernest F. Haeussler, Richard S. Paul, and Richard J. Wood (2010), Introductory Mathematical
Analysis for Business, Economics, and the Life and Social Sciences, 12th edition, Prentice Hall.
Larry J. Goldstein, David I. Schneider, David C. Lay, and Nakhle H. Asmar (2009), Calculus and its
Applications, 12th edition, Prentice Hall.
57
Bachelor in Real Estate Valuation and Development
STAT100 INTRODUCTION TO STATISTICS
AIMS AND OBJECTIVES
The aim of the course is to familiarise students with basic statistical techniques. Part of this objective
is achieved through the use of the EXCEL spreadsheet package and the SPSS computer package.
Topics include summarising and plotting data, basic probability theory, testing hypotheses, correlation
analysis and regression. Students built on their knowledge of EXCEL from the Computer Skills
module and make use of the statistical functions. At the same time they are introduced to the industry
standard package SPSS.
LEARNING OUTCOMES
On completion of this course students will be able to:
- Calculate and interpret descriptive statistics such as measures of central tendency and variability
using EXCEL or SPSS
- Produce graphical and tabular representations of data in EXCEL or SPSS, and be able to use
statistical tables
- Estimate sample parameters and formulate and carry out significance tests for statistical
hypotheses
- Compute and interpret confidence intervals for means and variances
- Understand the assumptions and limitations of statistical inference.
- Critically evaluate published research.
- Be able to carry out independent analysis of data sets using appropriate statistical tests on
computer using SPSS.
TEACHING AND LEARNING STRATEGIES
The module will be assessed by four homework assignments that will count towards 30% of the
overall grade and a 3-hour final examination that will count towards 70% of the grade.
ASSESSMENT
The module is assessed by an exam paper and coursework.
SYLLABUS CONTENT
- Basic techniques of summarising data, introduction to SPSS
- Central Tendency and Spread Data transformations (z-scores)
- Random variables and probability distributions
- Samples and sampling distributions
- Statistical estimation and inference
- Testing claims about a statistic from a single sample
- Testing for association between variables
- Testing claims about differences between samples
- The F and Chi-squared distributions
- One-Factor ANOVA
- Two-Factor ANOVA
- Correlation Analysis
- Simple Linear Regression
58
Bachelor in Real Estate Valuation and Development
BIBLIOGRAPHY
Lee Kirkpatrick & Brooke C Feeney (2006), A Simple Guide to SPSS for Windows, Thomson
Wadsworth.
Michael R Middleton (2004), Data Analysis Using Microsoft Excel, Thomson Brooks.
Gravetter, F. J. & Wallnau, L. B. (2008), Essentials of Statistics for the behavioral sciences, 6th
edition. Belmont, CA: Wadsworth/Thomson Learning.
Howell, David C. (2004), Fundamental Statistics for the Behavioural Sciences, 5th edition, Pacific
Grove: Duxbury.
59
Bachelor in Real Estate Valuation and Development
FINA100 PRINCIPLES OF FINANCE
60
Bachelor in Real Estate Valuation and Development
BIBLIOGRAPHY
Stephen Ross, Randolph Westerfield, and Bradford Jordan (2009), Fundamentals of Corporate
Finance, 9th edition, McGraw-Hill/Irwin.
Fred Mishkin and Stanley Eakins (2008), Financial Markets and Institutions, 6th edition, Addison
Wesley.
Andrew Chisholm (2002), An Introduction to Capital Markets, Wiley.
61
Bachelor in Real Estate Valuation and Development
ECON101 PRINCIPLES OF MICROECONOMICS
62
Bachelor in Real Estate Valuation and Development
- Public Goods and Taxes
BIBLIOGRAPHY
Michael Parkin (2003), Microeconomics, 6th edition, Reading, MA: Addison-Wesley.
Mark Rush (2008), Study Guide for Parkin, Microeconomics. (Print or CD-ROM).
63
Bachelor in Real Estate Valuation and Development
ECON102 PRINCIPLES OF MACROECONOMICS
The aim of this module is to provide an introduction to the problems of unemployment, inflation, and
economic growth and the tools for tackling them, such as monetary and fiscal policies. The module
will cover the basic macroeconomic accounting framework, the methods of measuring economic
activity and wealth in a country, and then examine the basic schools of economic thought, which
include the classical, Keynesian, monetarist, and supply-side schools of thought.
LEARNING OUTCOMES
After successfully completing this course, the student will be able to:
- discuss and measure economic variables
- apply macroeconomic theory to the problems of price stability, full employment, and economic
growth
- describe monetary tools and policies
- discuss the determinants of economic growth
- explain international trade and finance
TEACHING AND LEARNING STRATEGIES
The module is taught through lectures.
ASSESSMENT
The module will be assessed by two homework assignments that will count towards 30% of the
overall grade and a 3-hour final examination that will count towards 70% of the grade.
SYLLABUS CONTENT
- Supply and Demand
- Macroeconomic Stability and Prosperity
- The Circular Flow of Income and Product
- Measuring Economic Activity
- The Income Expenditure Model
- Fiscal Policy
- Money and the Banking System
- Central Banking and Money Creation
- The Supply and Demand for Money
- Monetary and Fiscal Policy
- Policies for Price Stability
- International Macroeconomics
BIBLIOGRAPHY
E. G. Dolan, D.E. Lindsey and C. Liard-Muriente (2006), Understanding Macroeconomics, CA:
Horizon Textbook Publishing.
William J. Baumol and Alan S. Blinder (2009), Economics: Principles and Policy, 11th edition,
South-Western College Publishers.
64
Bachelor in Real Estate Valuation and Development
STAT200 STATISTICS
Laboratory Assignments
There will be 6 graded computer laboratory assignments that will use either Microsoft Excel, AMOS
or SPSS.
SYLLABUS CONTENT
The following topics will be covered in the lectures:
- SPSS beginner’s tutorial: descriptive stats, explore, recoding, computing, splitting dataset,
scatterplots with rotations, boxplots, outliers, missing data
- Matrix manipulation of data
- SPSS: matrix computations
- Multivariate normal random variables
- Random samples from multivariate normal
- Inferences about a mean vector
- Classical Linear Regression Model: Gauss-Markov
- Violations of classical regression assumptions
- Regression topics: multicollinearity, non-spherical error, dummy variables, mediator variables,
Poisson regression
- Specification errors in regression
65
Bachelor in Real Estate Valuation and Development
- Exploratory Factor Analysis
- SPSS applications of factor analysis
- Multidimensional Scaling
- Cluster analysis
- Confirmatory Factor Analysis
- Confirmatory Factor Analysis via AMOS
- Simultaneous equation regression and 2SLS
- Structural equation models (SEM)
- Identification of systems of equations
- Structural equation models via AMOS
- ANOVA and MANOVA
- MANOVA via SPSS General linear model
- Discriminant analysis
- Binary logit models of qualitative choice
- Multinomial logit
BIBLIOGRAPHY
Recommended texts
James Lattin, Douglas Carroll and Paul Green (2003), Analyzing Multivariate Data, Thomson
Learning.
Bernard Flury (1997), A first Course in Multivariate Statistics, Springer.
SPSS Companion for Lattin/Green/Carroll's Analyzing Multivariate Data.
Richard Bronson (1989), Matrix Operations, Schaum Outline Series, McGraw-Hill.
66
Bachelor in Real Estate Valuation and Development
BUSN202 MANAGERIAL ECONOMICS
LEARNING OUTCOMES
At the end of the term, students should be able to:
- Estimate own-price, cross-price, and income elasticity and interpret the results for market prices and
quantities.
- Discuss and analyze factors that affect the production and cost structure of a firm and an industry.
- Describe and analyze market structures using models of perfect and imperfect competition.
- Interpret and analyze current business articles using the main microeconomic models and
frameworks.
ASSESSMENT
The module is assessed by two pieces of coursework, in the form of a management report and a final
examination.
SYLLABUS CONTENT
The following topics will be covered in the lectures:
- Introduction to Managerial Economics; Timing, Organization and Markets
- Individual Demand, Demand and Income, Other Factors in Demand
- Market Demand, Buyer Surplus, Business Demand
- Own-Price Elasticity
- Forecasting Quantity Demanded and Expenditure
- Other Elasticities, Adjustment Time
- Estimating Elasticities, Elasticity of Supply
- Short-Run Costs, Short-Run Individual Supply
- Long-Run Individual Supply, Market Supply
- Seller Surplus, Labor Supply
- Perfect Competition and Market Equilibrium
- Supply Shift and Demand Shift
67
Bachelor in Real Estate Valuation and Development
- Conditions for Economic Efficiency
- Adam Smith's Invisible Hand
- Decentralized Management
- Economies of Scale, Economies of Scope and Experience Curve
- Opportunity Cost, Transfer Pricing and Sunk Costs
- Sources of Market Power, Monopoly Pricing, Demand and Cost Changes, Research and
Development
- Market Structure and Monopsony
- Price/Capacity Leadership, Restraining Competition, Antitrust (Competition) Policy
- Pricing methods
- Taxation and effects on business decisions
- Competition policy and the role of government
- Regulation
BIBLIOGRAPHY
Png, I. and Lehman, D. (2007), Managerial Economics, 3rd edition, Blackwell Publishing.
68
Bachelor in Real Estate Valuation and Development
BUSN204 PRINCIPLES OF MARKETING
LEARNING OUTCOMES
Upon successful completion of this class, course participants will have:
- Acquired knowledge of marketing concepts and their successful implementation in a corporate
setting;
- Demonstrated ability to apply marketing theory to actual situations;
- Gained an understanding of the evaluation and selection of consumer and organizational target
markets;
- Understood the importance of steps in marketing research; and
- Developed and organized information that could be used to develop a marketing plan.
TEACHING AND LEARNING STRATEGIES
The module will be taught through lectures.
ASSESSMENT
The module will be assessed by two homework assignments that will count towards 30% of the
overall grade and a 3-hour final examination that will count towards 70% of the grade.
CONTENT SYLLABUS
The following topics will be covered in the lectures:
- The marketing Function
- Marketing Planning
- Customer Analysis Segmentation, Targeting & Positioning
- Customer Analysis, Consumer Behaviour
- Company & Competitor Analysis
- Product Strategy: New Product Development
- Product Strategy: Brand Management
- Pricing Strategy
- Promotion Strategy
- International Marketing
- Marketing Research
- Special consideration of service marketing.
BIBLIOGRAPHY
Elizabeth Hill & Terry O'Sullivan Longman (1999), Essential Marketing.
69
Bachelor in Real Estate Valuation and Development
Kotler, Philip & Barry Armstrong, (2007), Principles of Marketing, 12th edition, Prentice Hall
Dibb, Simkin, Pride & Ferrell (1992), Supplementary Marketing: Concepts and Strategies, Houghton
Mifflin Company, Boston.
Kerin, Hartley, and Rudelius (2007), Marketing: The Core, 2nd edition, McGraw Hill .
70
Bachelor in Real Estate Valuation and Development
ACCN200 FINANCIAL ACCOUNTING
71
Bachelor in Real Estate Valuation and Development
FINA200 FINANCIAL THEORY
72
Bachelor in Real Estate Valuation and Development
BIBLIOGRAPHY
Elton, Gruber, Brown, and Goetzmann (2010), Modern Portfolio Theory and Investment Analysis, 8th
International edition, John Wiley & Sons.
Zvi Bodie, Alex Kane, and Alan J. Marcus (2008), Investments, 7th edition, McGraw-Hill;
73
Bachelor in Real Estate Valuation and Development
FINA201 DERIVATIVES MARKETS
74
Bachelor in Real Estate Valuation and Development
BIBLIOGRAPHY
Robert McDonald, (2006) Derivatives Markets, 2nd edition, Addison Wesley.
Bodie, Kane, Marcus (2008) Investments, McGraw-Hill, 7th edition
Recommended texts
F Arditti (1996), Derivative, Harvard Business School Press.
Fabozzi, F.J and M. Pitts (1989), Interest Rate Futures and Options: Pricing and Hedging Strategies
Chicago, Ill.: Probus.
J. Hull (1989), Options, Futures, and Other Derivative Securities, Prentice-Hall.
75
Bachelor in Real Estate Valuation and Development
FINA300 DEBT MARKETS
76
Bachelor in Real Estate Valuation and Development
- Interest rate derivatives
BIBLIOGRAPHY
Frank Fabozzi (2007), Fixed Income Analysis, 2nd edition, CFA Institute Investment Series.
91
Bruce Tuckman, Fixed Income Securities (2002), 2nd edition, Wiley.
R. Stafford Johnson (2004), Bond Evaluation, Selection and Management, Blackwell Publishing.
77
Bachelor in Real Estate Valuation and Development
FINA301 CORPORATE FINANCE
78
Bachelor in Real Estate Valuation and Development
- Overview of Financial Planning
- Financial Statement Forecasting
- Corporate Valuation
- Value Based Management
- Corporate Governance
- Capital Structure Decisions
- Business Risk and Financial Risk
- Capital Structure Theory
- Estimating the Optimal Capital Structure
BIBLIOGRAPHY
Required Text
Michael C. Ehrhardt / Eugene F. Brigham (2006), Corporate Finance: A Focused Approach,
Thomson South-Western, 2nd edition.
Tim Koller, Marc Goedhart, David Wessels (2005), Valuation, Measuring and Managing the Value
of Companies, 4th edition, John Wiley & Sons, Inc.
Alan C. Shapiro (2006), Multinational Financial Management, 8th edition, John Wiley & Sons, Inc.
Alan C. Shapiro, Sheldon D. Balbirer (2000), Modern Corporate Finance, Prentice Hall.
Cheo S. Eun and Bruce G. Resnick (2007), International Financial management, 4th edition,
McGraw-Hill Irwin.
Bob Ryan (2007), Corporate Finance and Valuation, Thomson.
Simon Z. Benninga and Oded H. Sarig (1997), Corporate Finance: a valuation approach, McGraw-
Hill.
79
Bachelor in Real Estate Valuation and Development
PEPS400 DISSERTATION SEMINAR
80
Bachelor in Real Estate Valuation and Development
PEPS401 DISSERTATION
In addition to the research skills gained earlier in the course, one formal 3-hour teaching session will
be arranged in week 1 of the Summer Term in order to review the necessary research skills and to
ensure that all students are thoroughly familiar with the requirements of the Dissertation.
RECOMMENDED READING
Anderson, J. and Millicent, P. (2001), Assignment and Thesis writing, 4th edition, Wiley, Brisbane,
Australia.
Fellows, R. and Liu, A.M.M. (1997), Research Methods for Construction, 1st edition, Blackwell
Science Ltd., London, U.K.
Mauch, J.E. and Birch, J. W. (1998), Guide to the Successful Thesis and Dissertation: A Handbook
for Students and Faculty, 4th edition, Publisher: M. Dekker, New York.
Naoum, S.G. (1998), Dissertation Research and Writing for Construction Students, Butterwort-
Heinemann, Oxford, U.K.
Preece, R. (1994), Starting Research: An Introduction to Academic Research and Dissertation
Writing, Printer Publishers, London.
Swernam, D. (2000), Writing your Dissertation: How to Plan, Prepare and Present Successful Work,
How to Books Oxford Publishers, U.K.
81
Bachelor in Real Estate Valuation and Development
82
Bachelor in Real Estate Valuation and Development
9. ELECTIVES
83
Bachelor in Real Estate Valuation and Development
PSYC100 INTRODUCTION TO PSYCHOLOGY
84
Bachelor in Real Estate Valuation and Development
ACCN201 MANAGERIAL ACCOUNTING
85
Bachelor in Real Estate Valuation and Development
Drury, C. (2004), Management and Cost Accounting, Thompson.
Horngren, C.T., Foster, G. and Datar, S. (2003), Cost Accounting: A Managerial Emphasis. Prentice
Hall.
Upchurch, A. (2002), Cost Accounting: Principles and Practice, FT Prentice Hall.Relevant journal
articles.
86
Bachelor in Real Estate Valuation and Development
FINA302 INVESTMENT ANALYSIS
87
Bachelor in Real Estate Valuation and Development
- Acquisitions
BIBLIOGRAPHY
Kohler, Goedhart and Wessels (2005), Measuring and Managing the Value of Companies, 4th
Edition, Wiley.
Stowe, Robinson, Pinto, McLeavy (2002), Analysis of Equity Investments: Valuation, AIMR
(now CFA Institute).
Boyet, D. (1993), Security Analysis for Investment Decisions, Hinsdale, Illinois: Dryden Press.
S. Lofthouse (1994), Equity Investment Management, Wiley.
W.R. Good, R.W. Hermansen and J.R. Meyer (1993), Active Asset Allocation: Gaining Advantage in
a Highly Efficient Stock Market, McGraw-Hill
88
Bachelor in Real Estate Valuation and Development
FINA303 PRINCIPLES OF RISK AND INSURANCE
The module covers the areas of life insurance and financial planning, underwriting and selection,
mortality trends, general insurance, reinsurance and reserving. The module takes a practical approach
and illustrates theoretical principles with examples drawn from actual practice throughout. After
completing the module students will be well positioned to enter into a wide variety of interesting
careers in this area of financial services which is large, expected to exhibit high long term worldwide
growth and is robust to short term economic fluctuations.
LEARNING OUTCOMES
89
Bachelor in Real Estate Valuation and Development
- Mathematical models of the main policy types.
- Life Insurance Costing and Reserving
- Costing policies, setting reserves for policies.
- General Insurance
- Evaluation of the characteristics of general insurance policies.
- General Insurance
- Evaluation of the characteristics of claims from general insurance policies.
- General Insurance Costing
- Mathematical methods for costing general insurance policies.
- Reinsurance
- The main forms of reinsurance – treaty, excess of loss, catastrophe.
- Practical Issues in Costing and Reinsurance
- Introduction to key practical issues via case studies.
- General Insurance Reserving
- Methods of calculating appropriate reserves
BIBLIOGRAPHY
Emmett J. Vaughan and Therese Vaughan (2003), Fundamentals of Risk and Insurance, 9th
edition, Wiley.
90
Bachelor in Real Estate Valuation and Development
FINA305 INVESTMENT BANKING
91
Bachelor in Real Estate Valuation and Development
ECON101 MICROECONOMICS
92
Bachelor in Real Estate Valuation and Development
BIBLIOGRAPHY
Required Text
Hal R. Varian (2006), Intermediate Microeconomics, W.W. Norton & Company, 7th edition.
Optional, additional Textbooks
Robert S. Pindyck and Daniel L. Rubinfield (2009), Microeconomics, Prentice Hall, 7th edition.
Walter Nicholson (2005), Microeconomic Theory, Thompson Southwestern, 9th edition.
Jeffrey M. Perloff (2007), Microeconomics, Addison Wesley,4th edition.
93
Bachelor in Real Estate Valuation and Development
ECON202 FINANCIAL ECONOMICS
94
Bachelor in Real Estate Valuation and Development
- Forecasting Currency Volatility and Correlations
- Dividend Discount Model
- Free cash Flow to Equity Model
- Earnings Estimation
- Estimating the Multiplier
- Calculating the Value of the Index
- Market Efficiency
BIBLIOGRAPHY
Elton, Gruber, Brown, and Goetzmann (2010), Modern Portfolio Theory and Investment Analysis, 8th
International edition, John Wiley & Sons.
B. Kettell (2001), Financial Economics: Making Sense of Market Information, Financial Times
Series.
95
Bachelor in Real Estate Valuation and Development
ECON203 ECONOMICS OF EUROPEAN UNION
BIBLIOGRAPHY
Theo Hitiris (2003), European Union Economics, Pearson Education Limited, 5th Edition.
96
Bachelor in Real Estate Valuation and Development
Neal Larry (2007), The Economics of Europe and the European Union, Cambridge University Press.
Paul De Grauwe (2009), Economics of Monetary Union, 8th edition, Oxford University Press.
97
Bachelor in Real Estate Valuation and Development
ECON300 MACROECONOMICS
98
Bachelor in Real Estate Valuation and Development
ECON400 INTERNATIONAL ECONOMICS
99
Bachelor in Real Estate Valuation and Development
BUSN303 BUSINESS LAW
Core text
The textbook for this module will be the ACCA F4 CYP textbook
100
Bachelor in Real Estate Valuation and Development
ARCHPP03 INSTITUTIONAL FRAMEWORK AND LAW
101
Bachelor in Real Estate Valuation and Development
CONS401 CONSTRUCTION LAW AND CONTRACTS
102
Bachelor in Real Estate Valuation and Development
ARCHT04 BUILDING PHYSICS
103
Bachelor in Real Estate Valuation and Development
TEACHING AND LEARNING METHODOLOGY
The course will be taught through lectures on specific subjects of construction and construction details
and case studies. Students will visit worksites for practical experience.
ASSESSMENT
The form of assessment for this module is coursework and examination.
READING
Brown, G. Z. and Dekay, M. (2000), Sun, Wind & Light: Architectural Design Strategies, 2nd edition,
John Wiley & Sons.
Daniels, K. (1997), The Technology of Ecological Building, Birkhauser.
Edwards, Bryan (1996), Towards Sustainable Architecture, Butterworth.
Grumman, D. (2003), ASHRAE Green Guide, American Society of Heating, Refrigerating and
Air‐Conditioning Engineers, Inc.
Hausladen, Gerhard, Micchael de Saldanha et al., (2005),Climate Design, Birkhauser,
Jones, David L. (1998), Architecture and the Environment: Bioclimatic Building Design, Overlook
Press.
Keeler, M. and Burke, B. (2009), Fundamentals of Integrated Design for Sustainable Buildings, John
Wiley and Sons.
Kwak, A. and Grondzik, W. (2006), The Green Studio Handbook, Architectural Press.
Lawson, Bill (1996), Building Materials Energy and the Environment, University of New South
Wales.
McHarg, Ian (1992), Design with Nature, John Wiley and Sons.
Moore, F. (1992), Environmental Control Systems: Heating, Cooling, Lighting, McGraw‐Hill.
Sassi, Paola, (2006),Strategies for Sustainable Architecture. Taylor & Francis,
Slessor, Catherine (1997), Eco-Tech: Sustainable Architecture and High Technology, Thames &
Hudson.
Steele, James (1997), Sustainable Architecture, McGraw Hill.
Steele, James, (2005),Ecological Architecture. A Critical History, Thames & Hudson,
Wines, James (2000), Green Architecture, Taschen.
104
Bachelor in Real Estate Valuation and Development
ARCHT08 ENVIRONMENT AND CLIMATE
105
Bachelor in Real Estate Valuation and Development
READING
Bougdah, Hocine and Stephen Sharples, (2010), Environment, Technology and Sustainability, Vol II.
Taylor & Francis.
Hausladen, Gerhard, Michael de Saldanha et al., (2005),Climate Design, Birkhauser.
Hansladen, G., de Saldanha, Michael, Liedl, Petra (2008), Climate Skin: Building-skin Concepts that
Can Do More with Less Energy, Birkhauser.
Santamouris, Mat. (ed.) (2001), Energy and climate in the urban built environment, James & James.
Sirios, Donna (2007), Building for the 21st Century: Energy and the Environment, Fairmont.
Steemers, Koen and Steane, Mary Ann (eds.) (2004), Environmental diversity in architecture, Spon
Press.
Yeang, Ken (2006), Ecodesign. A Manual for Ecological Design, Wiley.
106
Bachelor in Real Estate Valuation and Development
ARCHT11 STRUCTURAL SYSTEMS
107
Bachelor in Real Estate Valuation and Development
- Inflatable systems.
- Folding systems.
- Media facades and electronic applications.
- Smart - sustainable systems.
- Flexible – adaptable - responsive systems.
- Recyclable structures.
- Reconstructable structures.
- Multi-levelled and interconnected groupings of buildings (complex, long-span, high-rise).
TEACHING AND LEARNING METHODOLOGY
Instruction is in the form of lectures, calculation exercises, and group laboratory experiments. Case
studies of presentation and discussion of contemporary examples will be used.
ASSESSMENT
The form of assessment for this module is coursework and examination.
READING
MacDonald, J. Angus, (2009), Structure and Architecture, Architectural press, Elsevier.
Engel, Heino, (2009), Structure Systems, Hatje Cantz.
Koch, Klaus-Michael (2004), Membrane Structures, Prestel Publishing.
Kolarevic, Branco (ed.) (2009), Architecture in the Digital Age. Design and Manufacturing, Taylor &
Francis.
Kolarevic, Branco (ed.) (2003), Architecture and the Digital Age. Design and Manufacturing, Spon
Press.
Kronenburg, Robert (2007), Flexible: architecture that responds to change, Laurence King
Publishing Ltd.
Leatherbarrow, David and Mostafavi, Mohsen, (2005), Surface Architecture, The MIT Press.
Schodek, D. L. (2000), Structures, 4th edition, Prentice-Hall.
Vidler, Anthony, (2001), Warped Space, The MIT Press.
Visoviti, Sofia (2003), Folding Architecture: Spatial, Structural and Organisational Diagrams, BIS.
Visoviti, Sofia (2006), Supersurfaces: Folding as a Method of Generating Forms in Architecture,
Products and Fashion, BIS.
108
Bachelor in Real Estate Valuation and Development