Real Estate Economics Part 1: Real Estate Markets
Overview
⏰ Viewing Time: 1h:55m
📊 Level: Foundation
🧑🏫 Educator: Professor Eamonn D'Arcy
🌎 Region: Global 🌏
📜 Certificate: Score over 70% on the final quiz.
Introduction
This is part 1 of a 3-part course in Real Estate Economics from Professor Eamonn D'Arcy.
In this course, we are going to introduce you to fundamental economic tools of analysis, which will allow you to explore markets and how they work, both in theory and in practice. From this will explore how real estate markets work and to what extent they conform to traditional economic models of price and output determination.
Key Learning Outcomes
By the end of this, you will be able to:
Recognize the role played by the price mechanism in changing the behavior of producers and consumers in order to restore market equilibrium.
Understand the relationships that exist between changes in price and changes in the quantity demanded or supplied and be able to graph these relationships in the form of either a demand or supply curve.
Illustrate how the price mechanism works to eliminate shortages and surpluses and restore market equilibrium.
Illustrate what happens to the demand or supply curve as a result of a change in one of their non-price determinants.
Calculate and interpret the price elasticities of demand and supply.
Understand the principal sources of market failure. Evaluate the extent to which a conventual economic analysis of markets can be applied to markets like real estate.
Your Instructor
At Henley Business School, Professor Eamonn D'Arcy runs the largest and most renowned real estate Masters program in Europe. With over 30 years as a renowned economist and having created the top real estate program in Europe, Professor D'Arcy is well-placed to help learners develop an understanding of the complex world of real estate economics.
Getting Started
To begin learning, simply click Enroll above and get started.
You don't have a set time to complete this. Go as fast or slow as you like.
Once you have completed the final quizzes successfully, you will be awarded a certificate, which we recommend you upload to Linkedin to evidence your continued professional development.
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