MSRED Electives
Cross Registration Information for MIT and Harvard Students
Fall 2007 Course Electives
11.942 Mixed Income Housing Development
Units: (3-0-6)
Instructor: Peter Roth
Location 10-485
MW 8:30-10:00am
This course is intended to provide an overview of affordable and mixed-income housing development for students interested in the field, who wish to understand the fundamental issues and requirements of affordable housing, the process one undertakes to plan and develop such housing, and some practical experience assembling an affordable or mixed-income housing development proposal.
Course information will be presented in the form of lectures, guest presentations, site visits, and readings and other support material, paralleled by workshop/studio time each week during which students will work on a single semester-long project preparing a development proposal and public financing application for an affordable or mixed income housing project.
It is designed primarily for graduate students enrolled in Course 4 or 11 pursuing an MArch, MCP, MSRED, or related joint degree. There is no pre-requisite.
Download syllabus. (pdf 16k)
15.401 Finance Theory I
Units: (3-0-6)
Instructor: TBA
Location E51-345
Section E, Monday, Wednesday, 1:00 - 2:30 pm
Core theory of modern financial economics and financial management, concentrating on capital markets and investments. Topics: functions of capital markets and financial intermediaries, fixed-income investments, diversification and portfolio selection, valuation theory and equilibrium pricing of risky assets, the theory of efficient markets, and an introduction to derivatives.
Download syllabus. (pdf 76k)
1.462J/ 11.345J Entrepreneurship in Construction and Real Estate Development
H2 (10/22 - 12/12)
Units: (2-0-4)
Instructor: John Kennedy
Location: W31-301
Mondays, 10:30-12:30pm
The purpose of this subject is to explain the role of, and the opportunities for the entrepreneur in the built environment. The build environment is defined as all the components and services that go into the structures and infrastructure in which we live.
We will discuss the definition of entrepreneurship; the concepts, skills, strategic planning, know how, know who, information, attitudes, alternatives and resources that entrepreneurs need. We will then review the evaluation of ideas, opportunities, and how one sorts them into viable entrepreneurial businesses.
We will have guest speakers address their outlook of what might be the status of the built environment over the next ten years. Entrepreneurs in the built environment will discuss the founding and the current and future positioning of their firms. We will discuss the steps to develop an opportunity into a business. With that basic foundation in place, we will evaluate the built environment and specifically the gaps in the design/construct/development enterprises that may lend themselves to entrepreneurial opportunities.
We will then develop groups within the class to brainstorm as to the opportunities that exist. These groups will then develop a strategic plan to launch that business.
11.430J, 15.941J Leadership in Real Estate
Units: (3-0-6)
Instructor: Gloria Schuck
Location: W31-305 (Conference Room)
Wednesday, 9:00 am - 12:00 pm
Provides students with theories, concepts and tools to craft, articulate and refine a "leadership point of view". Through reflection, self-assessment, discussion and feedback, students learn about their readiness to lead,
leadership style, emotional intelligence, and presentation of self. Students converse with leaders in the real estate industry and learn from their stories and insights. Each student uses theories, concepts and frameworks to analyze, construct and articulate a "leadership point of view". At the conclusion of the course, students have a deeper
understanding of leadership; a better understanding of themselves and their authentic leadership style; and a plan for the on-going development of their leadership capabilities.
Enrollment is limited.
Spring 2008 Course Electives
11.946 Real Estate Sustainability: Building Technology, Economics and Decision Making
H1 (2/5 - 3/21)
Units: (2-0-4)
Instructor: John Macomber
Location: W31-301
TR, 9:00 - 11:00 am
This course was designed to prepare students to be effective in accomplishing sustainable building. Students will be exposed to analytical tools including system cost, lifecycle cost, and "triple bottom line."
11.346 Housing Markets
H1 (2/5 - 3/21)
Units: (2-0-4)
Instructor: Lynn Fisher
Location: W31-301
Wednesday 12:00 - 2:00 pm
The analysis of domestic housing markets is complicated by the fact that real estate assets are heterogeneous, durable and fixed in location, the fact that housing involves joint consumption and investment decisions with important social implications, and the fact that privatehousing markets are heavily influenced by special institutions including government policy and regulation. The goal of this course is to explore the basics of housing economics, including issues of affordability and related policy, with a focus on helping students develop a research topic in this area. Hedonic modeling and some game theory applications will be introduced. Students will be required to write a term paper on a housing topic of their choice.
11.347 Topics in Housing Finance
(NOT OFFERED 2007-2008)
Units: (2-0-4)
Instructor: Lynn Fisher
Location: W31-301
Wednesday 12:00 - 2:00 pm
This course focuses on techniques of financial decision-making in the context of housing markets. Designed for students already familiar with basic financial concepts, topics may include the analysis of incremental borrowing costs, the syndication of tax credits, games in security design, securitization and recent underwriting innovations. The students will be graded based on a series of problems sets related to the topics covered in lecture.
Download Syllabus (pdf 15kb)
1.472J/ 11.344J Innovative Project Delivery
in the Public & Private Sectors
H1 (2/5 - 3/21)
Units: (2-0-4)
Instructor: Chris Gordon
Location: W31-301
Tuesday, Thursday 4:00-5:30pm
This course will examine the compatibility of various project delivery methods, made up of organizations, contracts, and award methods, with certain types of projects and owners. Six main organizations will be examined: (1) Traditional General Contracting; (2) Construction Management; (3) Multiple Primes; (4) Design-Build; (5) Turnkey; (6) Build-Operate-Transfer. Also examined will be innovative contract types such as Guaranteed Maximum Price, and award methods, such as Multi-Parameter Bidding. Partnering will be discussed, as it affects contracting methods and relations. Grades will be based on class participation, an individual case study assignment, and a group project.
11.434/15.991 Advanced Topics in Real Estate
Finance
H2 (3/31 - 5/15)
Units: (2-0-4)
Instructor: David Geltner
Location: W31-301
Tuesday, Thursday, 2:30 - 4:00 pm
Recitation, Thursdays, 5:30 - 7:00pm
This course offers an opportunity to explore
advanced topics in real estate finance. This
course is intended primarily, though not exclusively,
for students intending to write their MSRED thesis
in an area of real estate finance. The course
will focus on such topics as: portfolio analysis,
equilibrium asset price models, real estate investment
performance measurement, real options, real estate
securitization, and international real estate
investment. Not all topics will be covered every
year. The course is designed to allow the student
to pursue in some depth an area on individual
interest, by means of a term paper project.
