IRE302 Real Estate Economics

Code IRE302
Name Real Estate Economics
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Academic
Field of study Civil Construction and Real Estate Management
Faculty
Academic staff Maija Šenfelde, Sandra Jansone
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation Establishment, administration, management and refurbishment of real estate as a relevant asset of national wealth. Functioning of the real estate market and regularities of development. The role of real estate in the development of national economy; real estate as a guarantee for the stability of business, retention and enlargement of capital..
Goals and objectives
of the course in terms
of competences and skills
• to explain the nature of real estate, and related ownership rights and obligations; • to develop the understanding of the real estate market, market sharing and its characteristics, as well as real estate value types; • to develop the understanding of the real estate appraisal and evaluation methods; • to give an insight into the State Land Service activities, cadastral evaluation of real estate, cadastral surveying of groups of premises; • to give an insight into services rendered by the Land Register, consolidation of ownership rights; • to develop the understanding of the administration of the real estate tax in Riga.
Learning outcomes
and assessment
Students are able to evaluate the technical condition of real estate and to analyse the information on the real estate market. - The first independent assignment and its assessment
Students are able to determine the market value of real estate. - The second independent assignment and its assessment
Students are able to demonstrate their understanding of services provided by legal and state entities in the field of real estate. - The third independent assignment and its assessment
Students are able to demonstrate their understanding of the role of municipalities and to calculate the real estate taxes. - The fourth independent assignment and its assessment
Students are able to demonstrate their understanding of basic principles of real estate management. - The fifth independent assignment and its assessment
Final examination - The average mark of 5 independent assignments and the examination makes up a final mark.
Course prerequisites General knowledge of economics is reguired.

[Extended course information PDF]