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課程名稱 |
不動產融資與投資
REAL ESTATE FINANCE AND INVESTMENTS |
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開課學期 |
98-2 |
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授課對象 |
管理學院 國際企業學系 |
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授課教師 |
盧秋玲 |
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課號 |
IB5069 |
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課程識別碼 |
724 U9800 |
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班次 |
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學分 |
3 |
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全/半年 |
半年 |
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必/選修 |
選修 |
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上課時間 |
星期三2,3,4(9:10~12:10) |
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上課地點 |
管二102 |
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備註 |
總人數上限：50人
外系人數限制：20人 |
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Ceiba 課程網頁 |
http://ceiba.ntu.edu.tw/982RELu |
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課程簡介影片 |
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核心能力關聯 |
本課程尚未建立核心能力關連 |
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課程大綱
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為確保您我的權利,請尊重智慧財產權及不得非法影印
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課程概述 |
1. What is Real Estate? Finance and Real Estate?
2. Characteristics of Real Estate
3. Residential Real Estate Finance
4. Commercial Real Estate Finance
5. Real Estate Capital Market
6. Mortgage Market
7. Mortgage Backed Security
8. Special Topics in Real Estate Finance and Investments
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課程目標 |
The purpose of this class is to provide students with the most fundamental concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding real estate assets. This course focus on issues pertains to portfolio, firm level, and investment management considerations. We try to apply the theoretical aspects of financial economics to explain how real estate financial institutions and markets have evolved. |
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課程要求 |
Students are expected to attend all classes, to have read assigned readings, to have prepared assigned cases, and to answer questions raised.
There are cases and company reports that are due at the start of the class on the day which they are assigned. A group consists of no fewer than four or more than five students. We will select groups randomly to make their presentations to peers.
Laptops may be used in class for note-taking purposes and presentation purposes only. Web-surfing, e-mailing, and internet chatting are not allowed.
Financial calculator is required and will be used in class.
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預期每週課後學習時數 |
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Office Hours |
每週三 15:00~17:00 |
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指定閱讀 |
Required:
Real Estate Finance and Investments, 13th ed., 2008, William Brueggeman and Jeffrey Fisher, McGraw-Hill (新月圖書/東華書局).
Case
1. Real Estate and Capital Structure Decisions – Lease-Versus-Buy Analysis
2. Canadian Real Estate Investment Trust-The property investment decision
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參考書目 |
Real Estate Finance – Theory and Practice 5th ed., 2006, Terrence M. Clauretie and G. Stacy Sirmans, Thomson South-Western (新月圖書/東華書局).
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評量方式
(僅供參考) |
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No. |
項目 |
百分比 |
說明 |
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1. |
Participation |
15% |
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2. |
Case and reading |
30% |
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3. |
Company reports |
30% |
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4. |
Final Examination |
25% |
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週次 |
日期 |
單元主題 |
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第1週 |
2/24 |
Introduction: What is Real Estate? Real Estate Environment and real estate characteristics |
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第2週 |
3/03 |
Ch. 2: Financing: Notes and Mortgages
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第3週 |
3/10 |
Ch. 4: Fixed Rate Mortgage Loans |
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第4週 |
3/17 |
Ch. 5: Adjustable Rate Mortgages |
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第5週 |
3/24 |
Ch. 6: Residential Financial Analysis
Reading: The value of the variable tenor mortgage feature in Hong Kong
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第6週 |
3/31 |
Ch. 9: Introduction to Income-Producing Properties: Leases, Rents, and the Market for Space,
Ch. 10: Valuation of Income Properties: Appraisal and the Market for Capital |
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第7週 |
4/07 |
Spring Break |
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第8週 |
4/14 |
Ch. 13: Risk Analysis |
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第9週 |
4/21 |
Ch. 15:Finacing Corporate Real Estate Case I |
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第10週 |
4/28 |
企業參訪: 信義房屋 |
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第11週 |
5/05 |
信義 Company Report |
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第12週 |
5/12 |
Ch. 15:Finacing Corporate Real Estate Case I |
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第13週 |
5/19 |
Ch. 15:Finacing Corporate Real Estate Case I |
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第14週 |
5/26 |
Ch. 21: Real Estate Investment Trusts |
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第15週 |
6/02 |
Ch. 20: The Secondary Mortgage Market |
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第16週 |
6/09 |
Case II
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第17週 |
6/16 |
Break |
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第18週 |
6/23 |
Final Examination |
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