COURSE NUMBER: EWMBA 280-1

COURSE TITLE: Real Estate & Urban Land Economics

UNITS OF CREDIT: 3 Units

INSTRUCTOR: ROBERT H. EDELSTEIN

E-MAIL ADDRESS: edelstei@haas.berkeley.edu

MEETING DAY(S)/TIME: Tuesdays, 6:00 p.m. - 9:30 p.m.

CLASS WEB PAGE LOCATION: study.net

PREREQUISITE(S): EWMBA core curriculum

CLASS FORMAT: Lectures, readings, class participation, selected outside speakers, cases

REQUIRED READINGS: Course Reader, Textbook, Cases

BASIS FOR FINAL GRADE:
Final Exam and Midterm Exam
Real World Real Estate Case Study Group Project, involving written team presentation
Four problem sets
Active class participation

ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES:
This course will utilize the principles of economic and financial analysis to provide an MBA level introduction to real estate. The course begins by developing a framework for understanding residential and nonresidential real estate markets. This framework is then applied to analyses for office building, apartment, retail, industrial, and hotel, and single family housing development and investment. Special topic presentations and discussions have been added to the course for examining the current recession and recovery and its impact on real estate markets, the viability of the real estate market, the length and extent of the current real estate "depression".  This course will provide an overview and understanding of real estate debt, REITS, alternative mortgage instruments, secondary and CDS markets.

BIOGRAPHICAL SKETCH:
Professor Robert Edelstein, currently the Maurice Mann Chair in Real Estate, and Co-Chair of the Fisher Center for Real Estate and Urban Economics, joined the faculty of the University of California at Berkeley in 1985 after being a Professor of Finance at the Wharton School, University of Pennsylvania, and is active in the fields of real estate economics, finance, and property taxation; energy and environmental economics; public finance; and urban financial problems. He has been published widely in prestigious economics and business journals on topics related to commercial and residential analysis and real estate markets. He has testified before the United States Congress on many real estate finance issues. He has been President and has served on the Board of Directors of the American Real Estate and Urban Economics Association and on the Board of the Asian Real Estate Society. He has been a member of several prestigious International Corporate Boards. Dr. Edelstein received an A.B., A.M., and Ph.D. in Economics from Harvard University.