SemesterSpring Semester, 2025
DepartmentSenior Class of Department of Land Economics-Land Management Program Senior Class of Department of Land Economics-Land Resources Planning Program
Course NameReal Estate Economic Analysis
InstructorCHU FANG-NI
Credit3.0
Course TypeElective
Prerequisite
Course Objective
Course Description
Course Schedule












































































































































Week

Topic

Content and Reading Assignment

Teaching Activities and Homework


  
 

1

Course requirements, class overview, and overview of real estate markets

DiPasquale and Wheaton, Chapter 1: The Property and Capital Markets

Lecture

 

2

Overview of real estate markets:



The Property and Capital Markets

DiPasquale and Wheaton, Chapter 1: The Property and Capital Markets

Lecture

 

3

The Operation of Property Markets:



A Micro and Macro Approach

DiPasquale and Wheaton, Chapter 2: The Operation of Property Markets: A Micro and Macro Approach

Lecture

 

4

The Urban Land Market: Rents and Prices (1)

DiPasquale and Wheaton, Chapter 3: The Urban Land Market: Rents and Prices

Lecture

 

5

The Urban Land Market: Rents and Prices (2)

DiPasquale and Wheaton, Chapter 3: The Urban Land Market: Rents and Prices

Lecture

 

6

The Urban Housing Market:



Structural Attributes And Density (1)

DiPasquale and Wheaton, Chapter 4: The Urban Housing Market: Structural Attributes and Density

Lecture

 

7

April 4:



Children's Day (National Holiday)



No class

Suspend

 

8

The Urban Housing Market:



Structural Attributes And Density (2)

DiPasquale and Wheaton, Chapter 4: The Urban Housing Market: Structural Attributes and Density

Lecture

 

9

Local Governments, Property Taxes,



And Real Estate Markets (1)

DiPasquale and Wheaton, Chapter 13: Local Governments, Property Taxes, and Real Estate Markets

Lecture

 

10

Local Governments, Property Taxes,



And Real Estate Markets (2)

DiPasquale and Wheaton, Chapter 13: Local Governments, Property Taxes, and Real Estate Markets

Lecture

 

11

Public Goods, Externalities, and Development Regulation (1)

DiPasquale and Wheaton, Chapter 14: Public Goods, Externalities, and Development Regulation

Lecture

 

12

Public Goods, Externalities, and Development Regulation (2)

DiPasquale and Wheaton, Chapter 14: Public Goods, Externalities, and Development Regulation

Lecture

 

13

Behavioral economics applied to the real estate market (1)

Shiller, Robert J. (2016), Irrational Exuberance: Revised and Expanded Third Edition

Lecture

 

14

Behavioral economics applied to the real estate market (2)

Shiller, Robert J. (2016), Irrational Exuberance: Revised and Expanded Third Edition

Lecture

 

15

Behavioral economics applied to the real estate market (3)

Shiller, Robert J. (2016), Irrational Exuberance: Revised and Expanded Third Edition

Lecture

 

16

Global real estate market (1)

Bardhan et al. , Chpater 1, 2, 5, 8, 16, 19, 12, 20



Worldwide and the US, UK, European Union, and Asian Economies

Report & Discussion

 

17

Global real estate market (2)

Bardhan et al. , Chpater 1, 2, 5, 8, 16, 19, 12, 20



Worldwide and the US, UK, European Union, and Asian Economies

Report & Discussion

 

18

Flexible Supplemental Instruction Week

Completion of designated after-course assignment (Completion of the designated report)

Suspend

 

Teaching Methods
Teaching Assistant
Requirement/Grading

Grades for the course will be based on class participation (30%) and a report that requires a class oral presentation (70%). Students will be expected to attend class consistently, be well-prepared, and participate actively in class discussions. 




  1. Class Contribution (30%): Attendance rate, responses to questions, or expressing opinions.

  2. Individual Report: In principle, each student will be assigned one chapter from the second textbook, “Global Housing Markets: Crises, Policies, and Institutions,” based on the student’s nationality to introduce the housing market of his or her country or neighboring countries. Students should extract key points from the assigned chapters, collect the latest data or articles from the internet or the library’s electronic journal database, and apply the concepts taught in the course to analyze the real estate market.         



         (1) An oral presentation with PowerPoint slides is required (30%).

         (2) The report in Word or PDF format is required (40%).


Textbook & Reference

Textbook



Reading materials will include the following book chapters.




  1. DiPasquale, D., and W. C., Wheaton (1996), Urban Economics and Real Estate Markets, Prentice Hall.

  2. Bardhan, Ashok, Robert H. Edelstein, Cynthia A. Kroll (2012), Global Housing Markets: Crises, Policies, and Institutions, John Wiley & Sons.

  3. Shiller, Robert J. (2016), Irrational Exuberance: Revised and Expanded Third Edition, Princeton University.



Main References




  1. Pirounakis, Nicholas G. (2013), Real Estate Economics: A Point-to-Point Handbook, Routledge.

  2. Mourouzi-Sivitanidou, Rena (2020),  Market Analysis for Real Estate, Routledge.


Urls about Course
Attachment