Course Summary :

An examination of the economics and operations of the real estate markets, including the supply and demand; real estate prices, including cycles and price dynamics.

For information regarding prerequisites for this course, please refer to the Academic Course Catalog.

Rationale :

The Real Estate Operations industry is a major component of the annual GDP in the United States and consists of companies engaged in developing, renting, leasing, and managing residential and commercial properties (worth about $6 trillion). Real estate operations are organized and operate under the influence of several groups of factors which include demand and supply, the inherent characteristics of the external macroeconomic environment, housing/building cycles, and pricing dynamics. Understanding the associated theories and research of these factors are preeminently important to fully understanding real estate operations and the reason why this course is so important.

Measurable Learning Outcomes :

1. Demonstrate and evaluate the economic factors of supply and demand associated with real estate operations.
2. Understand and evaluate the housing, building, and pricing cycles.
3. Apply the theories of agglomeration economies and central cities as they relate to real estate operations.
4. Demonstrate and evaluate the conceptual factors of Corporate Sustainability and CSR and their connections to real estate operations from a Christian Worldview perspective.

Course Assignment Detail :

Textbook readings and lecture presentations :

Course Requirements Checklist :

Before working through the checklist outlined in the Course Overview, the student should review the Liberty University curriculum.

Discussion :

Discussions are collaborative learning experiences.

• Therefore, the student will post one thread of at least 1,000 words and one reply of at least 400 words.
• For each thread, the student must support his/her assertions with at least one scholarly citation in the current APA format for each Discussion Research Question (RQ).
• The reply must incorporate at least one scholarly citation in the current APA format.

Essay Assignments (7) :

The student will complete seven Essay assignments worth 125 points each. These assignments are based on research questions associated with the weekly reading topics and reading assignments. Each assigned research question must have at least two scholarly or topical resources cited and the essays must include a cover page, and abstract, have a minimum of five pages of text and comport with the latest APA guidelines.