Applications of micro- and macroeconomic theory to real estate finance and management. Microeconomic topics include land use economics, price impacts of zoning and other land use restrictions, analysis of supply and demand dynamics, estimation of market rents, and the development of optimal rent pricing strategies. Macroeconomic topics include the impact on real estate markets of the money supply, fund flows, trade balances, inflation, and Federal Reserve policy. The determinants of mortgage rates and mortgage funds rationing are examined.
Prerequisite(s)/Course Notes: FIN 203. Open only to matriculated graduate students in the Zarb School of Business and in other Schools at Hofstra where appropriate. See specific program requirements.