MBA Real Estate (RICS Accredited)  MBA Real Estate (RICS Accredited) University of Aberdeen ../webroot/files/Institutions/cover_photo/1542372145University-of-Aberdeen.jpg

BUSINESS AND PROPERTY MBA 12 months full-time Pg Dip 9 months full-time AIMS The MBA Real Estate sets the analysis of property markets within the context of economics and finance, with a strong focus on business and property strategy. The programme aims to: ? develop interest in, and knowledge of, economics, investment, finance and management as analytical frameworks for understanding the operations and functions of property markets and institutions. ? equip graduates with the knowledge and skills necessary to address the current and future challenges associated with professional property practice in a business context. ? prepare graduates for entry into the Royal Institution of Chartered Surveyors (RICS) faculties concerned with urban property, and in particular the Commercial Property, Management Consultancy and Valuation faculties. The MBA Real Estate is accredited by the RICS, allowing graduates to proceed to the RICS Assessment of Professional Competence and full professional membership of the RICS. Students on our MBA programmes gain automatic membership of the Chartered Management Institute (CMI). As a member you will gain continuing advantage from unlimited free access to the Management Information Centre, Europe's most comprehensive management resource. SYLLABUS FIRST SEMESTER LAND AND PROPERTY ECONOMICS - Introduction to business economics. Property and the macroeconomy. Economic characteristics of property. Institutional and regulatory environment of property (including legal and planning controls). Property market analysis: use, investment and development. Sector analysis: offices, retail, industrial, housing. VALUATION PRINCIPLES - Mathematics of valuation and investment. Principles underlying basic valuation and investment formulae. Principal methods of valuation. Critical examination of conventional and alternative approaches to valuation. BUSINESS ENVIRONMENT - Aspects of commercial law and macroeconomics. Classification and legal structure of companies, the regulation of corporate activities, securities and EC competition law. Relationships between fiscal, monetary and exchange rate policy. BUILDING TECHNOLOGY - Practical and theoretical approaches to building and design. Functional requirements of buildings. Common construction forms and their implications. Building surveys. Understanding the built environment. SECOND SEMESTER ADVANCED VALUATION - Use of computer spreadsheets. RICS Appraisal and Valuation Manual. Development valuation, valuation of over-rented property, valuation of leases, calculations of worth, valuations for accounting purposes. Basis of local property tax. Basis of national taxation. PROPERTY USE AND INVESTMENT - Relationship and interaction between property use and investment. Modern concepts of corporate real estate. Corporate real estate, business strategy corporate finance. Property as an investment class. Indirect property investment. International property investment. Techniques of property investment analysis. EITHER: STRATEGIC MARKETING - Marketing management and strategic planning. Marketing in a range of organisational settings, including consumer, industrial, service and voluntary sectors. Systems perspective on key marketing techniques. Relationship between marketing and other management functions in modern organisations. OR: MANAGING PEOPLE AT WORK - Management of people as a key element for organisational success. People as the most complex of all organisational resources to manage. Theoretical and practical issues of people management in the contemporary competitive economic environment. FINAL STAGE PROPERTY RESEARCH - The contemporary property research agenda. Interpretation of property research. Commissioning and managing research. Ethical issues in research. Design and implementation of a research project: topic choice, methodology and method, bibliographical tools and literature review, qualitative and quantitative research techniques. PROPERTY CASE STUDY - Formulation,