Real Estate and Economic Development

Real Estate and Economic Development

This course will introduce students to the field of urban economic development in the context of real estate development. Students will explore the principles of economic development focusing on the role of real estate developers, companies, community organizations, and government agencies in the decline and revitalization of neighborhoods, cities, and regions. They will be exposed to diverse issues involved in economic development with particular emphasis on practical aspects. Topics to be covered in this course include opportunity and impact assessments, stakeholder analysis, and project management. A combination of lectures, site visits, and group projects will help students to gain an appreciation of the role of real state in urban economic development, and develop the skills required to lead and assess development projects.

Aims

The MBA Business and Property sets the analysis of property markets within the context of economics and finance, with a strong focus on business and property strategy. The programme aims to:

• Develop interest in, and knowledge of, economics, investment, finance and management as analytical frameworks for understanding the operations and functions of property markets and institutions.
• Equip graduates with the knowledge and skills necessary to address the current and future challenges associated with professional property practice in a business context.
• Prepare graduates for entry into the Royal Institution of Chartered Surveyors (RICS) faculties concerned with Urban Property, and in particular the Commercial Property, Management Consultancy and Valuation faculties.

The MBA Business and Property is accredited by the RICS, allowing graduates to proceed to the RICS Assessment of Professional Competence and full professional membership of the RICS.

Requirements

The minimum requirement is a good first degree (equivalent to a British second-class Honours degree) or above in any discipline. The Director of Graduate Programmes will consider applicants with non-standard qualifications, particularly those with considerable practitioner experience. Evidence of English language proficiency is also required.

The following qualifications are acceptable as providing evidence of proficiency for Graduate programmes in Business. Tests should be taken within two years of applying to the University of Aberdeen for entry:

Either IELTS or TOEFL qualifications are acceptable. IELTS Band 7.0 or above and 6 in the writing component. TOEFL 600 or above or the computer-based TOEFL score 250 or above. In both forms of the test, you must also get 5.0 in the TWE. TOEFL ibt score must be 100, plus 20- 24 in the TWE.

Applicants who do not meet the above standard, may be offered entry on the condition that they undertake the Pre-sessional English Course at the University of Aberdeen.

Please note, students who accept an offer of a place will be asked to pay a deposit (approximately 10% of the total programme fee) to secure their place. This deposit is later deducted from the tuition fees payable at registration.