MSRED Electives
Cross Registration Information for MIT and Harvard Students
Fall 2009 Course
Electives
11. 435 Mixed-Income Housing Development
Units: (3-0-6)
Instructor: Peter Roth
Location: 10-485
Monday, Wednesday, 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.
15.401 Finance Theory I
Units: (3-0-6)
Instructor: Hui Chen
Location: E51-345
Section F, Tuesday, Thursday, 2:30 - 4:00pm
Recitation: Friday, 12:30 - 2:00pm
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.
11.345J/ 1.462J Entrepreneurship in Construction and Real Estate Development
H1 (9/9 - 10/28)
Units: (2-0-4)
Instructor: John Kennedy
Location: W31-301
Wednesdays, 12:30 - 2:30 pm
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)
Wednesdays, 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 2010 Course Electives
11.944/ 11.346 Housing Markets, Plans, and Policies
H1 (2/2 - 3/18)
Units: (2-0-4)
Instructors: Lynn Fisher, Annette Kim
Location: W31-301
Tuesdays, 11:00 - 2:00 pm
The claim that the analysis of housing markets, polices and plans is complicated has rarely been more evident than in recent months around the world. In this 12-unit course, we will provide a framework for describing and analyzing housing markets, devising and assessing housing policies, and preparing and critiquing housing plans. This framework is intended to assist students in investigating a wide-range of housing development, policy and planning problems and to prepare them for additional and more specialized housing coursework. In lectures and class discussion, we will employ a diverse set of international housing market problems to characterize and refine concepts, and to explore policy and planning alternatives. In addition, we will emphasize three substantive policy areas – affordability, asset formation and spillover effects – to provide continuity and facilitate comparisons, both historical and across geographies. Students will be expected to produce a series of market analyses that culminate in policy and planning recommendations. (As an alternative, students can enroll in a half-semester option, 11.346 Housing Markets, for 6 units and which meets during the same session on T (11:00-1:00) (first half of term subject).)
11.344J/ 1.472J Innovative Project Delivery
in the Public & Private Sectors
H1 (2/2 - 3/18)
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.
11.434/15.428 Tools for Analysis: Design for Real Estate & Infrastructure Development
H2 (3/29 - 5/13)
Units: (2-0-4)
Instructors: David Geltner, Richard de Neufville
Location: W31-301
Tuesday, Thursday, 2:30-4:00pm
Introduction to analytical tools to support design and decision-making in real estate and infrastructure development. Particular focus on identifying and valuing sources of flexibility using “real options”, Monte-Carlo simulation, and other techniques from the field of engineering systems. The course integrates economic and engineering perspectives and is suitable for students with various backgrounds. Provides useful preparation for thesis work in the area.
11.347 Topics in Housing Finance
(NOT OFFERED 2009-2010)
Units: (2-0-4)
Instructor: Lynn Fisher
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.
