GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
REAL ESTATE INVESTMENTS AND VALUATION/2240050
Course Title: REAL ESTATE INVESTMENTS AND VALUATION
Credits 3 ECTS 7.5
Semester 2 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Assoc.Prof. Dr. Hasan Bal
 -- WEB SITE(S) OF LECTURER(S)
  http://websitem.gazi.edu.tr/site/bhasan
 -- EMAIL(S) OF LECTURER(S)
  bhasan@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Learns Principles of property valuation and valuation principles
Learns Sales Comparison Approach, Income Capitalization Approach, Direct Capitalization
Learns Discounted Cash Flow Analysis, Cost Approach, Depreciation Estimated, Immovables Valuation of Distressed
Learns Reconciliation of Value Indicators and Valuation Report Editing
 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  Introduction to Property Valuation
2. Week  Appraisal Principles, The Valuation Process.
3. Week  Market Area and Neighborhood Analysis.
4. Week  Sales Comparison Approach.
5. Week  Income Capitalization Approach, Income and Expense Analysis.
6. Week  Direct Capitalization
7. Week  Discounted Cash Flow Analysis and Special Applications in Income Capitalization.
8. Week  Mid-term exam.
9. Week  Site Valuation.
10. Week  The Cost Approach.
11. Week  Depreciation Estimates.
12. Week  Valuation of Distressed Properties.
13. Week  Reconciling Value Indications, The Appraisal Report.
14. Week  Case Study.
15. Week  Case Study.
16. Week  Final Exam
 -- RECOMMENDED OR REQUIRED READING
  1- The Appraisal of Real Estate, Appraisal Institute. 2- J.D.Fisher-R.S.Martim: Income Property Valuation, Dearborn Real Estate Education.
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer, Demonstration, Drill - Practise
 -- WORK PLACEMENT(S)
  None
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
0
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
14
3
42
 Practising Hours of Course Per Week
0
 Reading
7
4
28
 Searching in Internet and Library
7
4
28
 Designing and Applying Materials
0
 Preparing Reports
6
4
24
 Preparing Presentation
0
 Presentation
6
4
24
 Mid-Term and Studying for Mid-Term
7
3
21
 Final and Studying for Final
7
3
21
 Other
0
 TOTAL WORKLOAD: 
188
 TOTAL WORKLOAD / 25: 
7.52
 ECTS: 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1Learns the fundamental principles and concepts of financial managementX
2Follows up to date academic papers and new trends in financial managementX
3Learns the functions and operations of national and international financial marketsX
4Gains the ability of analyzing and solving all sorts of possible financial problems that firms confront withX
5Learns the working capital management and management of short term liabilities and current assetsX
6Learns the financial instruments used in national and international markets. Understands the analysis and valuation of these instrumentsX
7Knows the fundamental accounting principles and financial statement analysisX
8Learns new financial instruments and derivatives market. Knows the valuation of financial derivativesX
9Understands both fundamental teories and new academic works and makes comparative analysis of financial teoriesX
10Learns investment analysis and portfolio managementX
11Gains practical and teoretical financial information necessary for an entrepreneur to evaluate alternative investments, to make investment decision and management of the invested firmX
12Deeply review the literature regarding the cost of capital, optimal capital structure and dividend policiesX
13Learns fundamental financial models and portfolio theoriesX
14Understands the financial and econometric models to value stocks and bonds and apply these models to the financial instruments in the marketX