MBAX-6620 (3) Real Estate Project Competition

Examines real estate market behavior beginning with an overview of residential and commercial property markets. Examines various theories of land price determination and uses these models to understand how the private market allocates land to competing residential, office, retail, industrial/warehouse, hotel and other end users. Examines how factors influencing the demand for real estate interact with the factors influencing the supply of real estate to determine market rents and how the flow of future expected income is capitalized to yield the market price of property. The course will also examine the roles that local, state and federal governments have in real estate market outcomes. Requisites: Requires prerequsite courses of MBAX 6600, 6610 and 6640 (all minimum grade D-). Restricted to Master of Business Admin (MBAD), MBA with Dual Degree (DMBA), Joint Juris Doctor/MBA (JMBA) or Professional MBA Program (PMBA) majors only.