TÜRKÇE
ENGLISH
Information
| Code | EEY239 |
| Name | Real Estate Economics |
| Term | 2024-2025 Academic Year |
| Semester | 3. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 2 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Ön Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. OSMAN İNANÇ GÜNEY |
| Course Instructor |
Doç. Dr. OSMAN İNANÇ GÜNEY
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Within the scope of real estate economics, to analyze the process of economic activities in cities and to examine how the real estate needs of households, companies and public institutions are met. In this direction, to evaluate the functioning of real estate markets, the decision-making processes of market actors and their relationship with the economy.
Course Content
The functioning of real estate markets and analysis of economic decision-making processes regarding real estate. Basic concepts of real estate economics, space and asset markets, investment analysis, valuation methods and market dynamics. The structure of real estate markets in Turkey and the world, housing policies and valuation processes.
Course Precondition
N.a.
Resources
AOF, Gayrimenkul Ekonomisi ders kitabı Gayrimenkul Ekonomisi, Dr. Cansu Şarkaya İçellioğlu
Notes
Powerpoint presentation of the course, O. İnanç GÜNEY
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Analyzes the relationship between real estate economics and general economics. |
| LO02 | Explains the scope and basic areas of study of real estate economics. |
| LO03 | Compares the key differences between the real estate space market and the real estate asset market. |
| LO04 | Explains real estate investment analysis and valuation methods. |
| LO05 | Evaluates the real estate valuation process and licensing systems in Türkiye and around the world. |
| LO06 | Explains the functioning mechanisms of the housing market and analyzes the development process of housing policies in Turkey. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Apply general economic knowledge to business processes by performing economic analyses in the real estate sector. | 5 |
| PLO02 | Beceriler - Bilişsel, Uygulamalı | Uses basic level computer software and hardware effectively in accordance with professional requirements. | |
| PLO03 | Yetkinlikler - Alana Özgü Yetkinlik | It effectively carries out the management of real estate, purchase-sale transactions, and marketing processes. | 3 |
| PLO04 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | To be able to transfer theoretical knowledge to the problem solving process. | 4 |
| PLO05 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Fulfills the duties undertaken within the framework of professional ethics, sense of responsibility and self-confidence. | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | It follows sectoral developments with an approach open to change and innovation and integrates them into business life. | 2 |
| PLO07 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Students can manage the processes in mother tongue and foreign languages by using the effective communication skills and information and communication tools. | |
| PLO08 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Have the ability to report and interpret the tasks given in the field of professional practice as desired. | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Knows the legal regulations needed in the field of real estate management and applies them in professional processes. | |
| PLO10 | Yetkinlikler - Alana Özgü Yetkinlik | Analyzes real estate value determination processes, conducts market research and makes solution-oriented decisions. | 4 |
| PLO11 | Yetkinlikler - Alana Özgü Yetkinlik | Has technical knowledge about the immovable and can carry out technical information based supervision applications. | 3 |
| PLO12 | Yetkinlikler - Alana Özgü Yetkinlik | Manages real estate production and development activities. | 2 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | REAL ESTATE AND OTHER DEFINITIONS RELATED TO | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | URBAN SPACE MARKET | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 3 | REAL ESTATE MARKET IN TURKEY AND LATEST DEVELOPMENTS | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 4 | Real Estate Market SWOT Analysis | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 5 | SUPPLY-DEMAND DYNAMICS AND RENTAL IN THE SPACE MARKET DETERMINATION OF VALUES | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 6 | FACTORS AFFECTING THE CAPITALIZATION RATE | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 7 | OVERVIEW OF THE REAL ESTATE SYSTEM | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Midterm | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | LONG-TERM INCREASE IN REAL ESTATE INVESTMENT DEMAND EFFECT ON MARKET BALANCE | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 10 | REAL ESTATE APPRAISAL PROCESS AND LICENSING | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 11 | A NEW REAL ESTATE APPRAISAL METHODS VEHICLE: GEOGRAPHICAL INFORMATION SYSTEMS (GIS) | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | HOUSING MARKET | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 13 | HOUSING SUPPLY | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 14 | BALANCE IN THE HOUSING MARKET | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | STATE INTERVENTION IN THE HOUSING MARKET | Lecture Presentation Slide | Öğretim Yöntemleri: Anlatım |
| 16 | FINAL EXAMS | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | FINAL EXAMS | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 2 | 28 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 1 | 14 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 4 | 4 |
| Final Exam | 1 | 8 | 8 |
| Total Workload (Hour) | 54 | ||
| Total Workload / 25 (h) | 2,16 | ||
| ECTS | 2 ECTS | ||