Undergraduate and MBA:
Urban Fiscal Policy, REAL/FNCE/BEPP 2300 and REAL/FNCE 7300/BEPP 7730
This course will examine the provision of public services for firms and people through cities and other local governments. Why cities exist, when fiscal policy fails, investments in infrastructure, how to improve school quality, realities of local governments such as inequality, crime, corruption, high cost of living, and congestion will be covered. We will pay special attention to recent topics, such as the impact of the Covid-19 pandemic on city and public school finances, partnerships with the private sector, enterprise zones, the role of technology, real estate policies that may (or may not!) promote housing affordability, such as inclusionary zoning and rent control, school voucher reforms, and congestion pricing.
Real Estate Finance: Investment and Analysis, REAL/FNCE 2090/7210
This course provides an introduction to real estate with a focus on investment and financing issues. Project evaluation, financing strategies, investment decision making and real estate capital markets are covered. No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. Classes are conducted in a standard lecture format with discussion required. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate.
PhD:
Advanced Real Estate and Urban Economics, REAL 9470
This course covers fundamental topics in the broad fields of urban economics and real estate. We will focus on the application of econometric methods and economic modelling to analyze important issues, such as household sorting and valuation of local amenities, the provision of local public goods, racial and economic segregation, housing supply and housing policies.