...MBA Program BUS 582-03 Real Estate Summer Term 2013 COURSE TYPE: The majority of professor-led contact hours take place in a traditional classroom. The overall nature of the course is “traditional”, although required Blackboard components have also been included. INSTRUCTOR INFORMATION: Name: Phone Numbers: Office Location: Office Hours: Email: BOB BECKER 805-208-2884 Hanson House By appointment rbecker@callutheran.edu TIME / PLACE: • • • • Term Dates: Weekly Class Meeting: Classroom: Drop Date: June 5, 2013 – August 14, 2013 Wednesday 7:00 – 10:00 p.m. Humanities 111 Monday, June 17, 2013 READINGS: The required textbook for this course is: Author(s): Text Title: Year of publication: Edition: Publisher: ISBN Number: Brueggeman, Fisher Real Estate Finance and Investments 2011 14th Edition McGraw-Hill Irwin 978-0-07-337733-9 COURSE DESCRIPTION: This course provides students with an introduction of the application of financial principles to the discipline of real estate. Students should leave this course with an understanding of: investment property analysis and evaluation, commercial real estate and single-family housing loan underwriting, real property valuation, the real estate capital markets, real estate ownership structures and taxation. 1/7 TECHNOLOGY REQUIREMENTS: Financial calculators are highly recommended (instructor uses and supports the HP 10B II) and laptops are encouraged, as many activities can be completed using Microsoft Excel or Argus financial...
Words: 829 - Pages: 4
...SCHOOL OF URBAN & REGIONAL PLANNING SURP 841: Real Estate Decision Making Fall 2011 COURSE OUTLINE Instructor: Office: E-mail: Telephone: John S. Andrew, Ph.D., M CIP, RPP Robert Sutherland Hall, Room 525 john.andrew@queensu.ca 613-533-6000 ext. 75756 Session Time: Mondays, 11:30 am - 2:20 pm Session Room: Robert Sutherland Hall, Room 554 Overview of the Course The course is an introduction to the concepts, principles and analytical methods involved in making the broad variety of key investment decisions regarding commercial real estate. It is designed to supplement, rather than replace SURP 844: Real Estate Project Planning. Therefore, the emphasis of this course is on commercial real estate investment rather than development. However, some elements of the latter will inevitably be addressed. The focus will be on fullyoperational income-generating properties, primarily large in scale. The main asset types of office, industrial, retail and multi-unit residential will be discussed (and possibly a few more specialized types). Another emphasis of the course will be on the micro level – the evaluation of the investment merits of individual properties (or at least individual transactions). Less attention will be paid to the macro level i.e. portfolio management. To the extent possible, the course content (including readings, cases and assignments) will be Canadian (although it is recognized that real estate investment is increasingly a global endeavor). This is primarily...
Words: 2545 - Pages: 11
...China Real Estate Market Cools Down The article “China Real Estate Market Slumps In Early September” I found on capitalvue.com briefly describes in early September, housing price of some metropolitans, especially Shanghai, Beijing has declined sharply and the units have been traded declined significantly as well. For instance, new home transaction in the first 12-day period in Beijing in September is only 135 units, which is the lowest number since February. This current situation is really surprising and confusing by contrasting to high transaction price and units in the past year. The reason why I choose China real estate market rather than state of Washington is because I am from China, and as I graduate in the future, those metropolitans might be where I start my new career and life. As a finance major student, Shanghai and Beijing are two economic centers of China, so these places are my dream places to work and live. It is necessary for me to do research on real estate research on these cities. According to this report, the main factors that cause this slump are the demand of new homes in these cities went down, while price level kept still. From chapter 14 of our textbook, the demand curve is downward sloping that indicates that decreasing demand leads to increased prices. In other words, people desire fewer houses at higher price than at lower prices. In the basic supply and demand model, once the demand curve is shifted to the left because of some reasons, such...
Words: 1150 - Pages: 5
...1) Financial management deals with 2 things, managing a company’s finances and: RAISING MONEY 2) Which of the following was not identified as 1 of the 4 main financial objectives of a firm? TIMELINESS 3) The 4 main financial objectives of a firm are: PROFITABILITY, LIQUIDITY, EFFICIENCY, STABILITY 4) Match the financial objective with the correct definition: STABILITY/ THE OVERALL HEALTH OF THE FINANCIAL STRUCTURE OF THE FIRM, PARTICULARLY AS IT RELATES TO ITS DEBT-TO-EQUITY RATIO 5) … is a company’s ability to meet its short-term financial obligations LIQUIDITY 6) A company’s ability to productively utilize its assets relative to its revenue and its profits is referred to as: EFFICIENCY 7) Southwest Airlines uses its assets very productively. Its turnaround time, or the time that its airplanes sit on the ground while they are being loaded and unloaded, is the lowest in the airline industry. In terms of the primary financial objective of a firm, this attribute is a measure of Southwest’s: EFFICIENCY 8) … are projections for future periods based on forecasts and are typically completed for two to three years into the future: PROFORMA FINANCIAL STATEMENTS 9) A(n) … is a snapshot of a company’s assets, liabilities, and owner’s equity at a specific point in time BALANCE SHEET 10) Real estate, buildings, equipment and furniture are classified as … on a company’s balance sheet. FIXED ASSETS 11) Cash plus items that are readily convertible to...
Words: 3245 - Pages: 13
...M Finance Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 I Inhoudsopgave Vak: Institutional Investments and ALM Vak: Valuation and Corporate Governance Vak: Thesis Vak: Asset Pricing Vak: Derivatives and Asset Management Vak: Empirical Finance Vak: Research Project Finance Vak: Financial Markets and Institutions Vak: Private Equity and Behavioral Corporate Finance for Finance Vak: Financial Risk Management (Quantitative Finance) Vak: Real Estate Management Vak: Adv Corporate Finance 4.1 Vak: Valuation and Corporate Governance for Finance Vak: Institutional Investments and ALM for Finance 1 2 3 3 4 6 7 9 10 11 12 13 14 14 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 II Institutional Investments and ALM Course code Credits Language of tuition Faculty Coordinator Teaching staff Teaching method(s) E_FIN_IIALM () 6.0 English Fac. der Economische Wet. en Bedrijfsk. prof. dr. C.G.E. Boender prof. dr. C.G.E. Boender, prof. dr. T.B.M. Steenkamp Lecture Course objective Achieve advanced knowledge of the investment process of institutional investors, like pension funds and insurers. The main objective is to fully understand the most important theoretical concepts in the institutional investment process and the way these concepts are used in practice. After following the...
Words: 5495 - Pages: 22
...Wills, Trusts, and Estates FIN 4004 Spring, 2013 CRN 13341 (MW 4:00-5:15pm) Jason Bryan Malone, Esq. 2117 Pamplin Hall Email: jbmalone@vt.edu Office Hours: MW 12:10pm-1:10pm (Additional hours will be posted on Scholar throughout the semester) (Please feel free to make an appointment or come by during other times) Text: Estate Planning for Financial Planners, 6th ed., Michael A. Dalton and Thomas P. Langdon Course Description: Estate Planning focuses on the efficient conservation and transfer of wealth, consistent with the client’s goals. It is a study of the legal, financial and non-financial aspects of this process, covering topics such as trusts, wills, probate, advanced directives, charitable giving, wealth transfers and related taxes. Course Objectives: At the end of this course, the student should be able to understand, explain, analyze and evaluate estate planning needs and taxation in order to recommend appropriate techniques for meeting estate planning and objectives, including without limitation: • Determine client estate planning needs and objectives, taking into account financial and non-financial (behavioral/social/emotional) aspects of estate planning • Understand the effects of the lack of estate planning, including state laws of intestacy • Project estate taxation and liquidity needs in various situations • Recommend appropriate and efficient methods of wealth transfer for a client’s situation, including...
Words: 1962 - Pages: 8
...Many Texans have shown their favor in regressive taxes which means the less money you make, the more you pay in taxes. This, obviously, favors the rich and is extremely daunting for the poor as shown in the textbook which states “under the current tax structure, the poorest 20 percent of Texans pay more than three times as much of their income for taxes as the wealthiest 20 percent. The sales tax, which the Texas government depends on very seriously, is one of the highest in the nation and most important in state revenue. More specifically, real estate taxes are relied heavily upon among local governments. While Texas is among state leaders in it’s responsiveness to economy shifts, it is very clear how heavily it relies on sales tax revenue. In fact, “the part of the economy generating the greatest amount of revenue frequently pays the least amount in taxes,” ironically enough. Under Texas’s regressive tax, those whose income is below $29,223 pay 14.6% of their household income in taxes, those whose income is between $29,223 and $52,960 pay 8%, those between $52,960 and $80,882 pay 6.8%, those between $80,882 and $126,460 pay 6%, and those earning more than $126,460 pay a mere 3.6% in taxes. Institutions of higher education are experiencing an influx in students attending school while receiving less and less funding from the state. Initiatives such as the Closing the Gaps initiative attempt to increase funds for colleges and universities. Funding for Community Colleges is based...
Words: 430 - Pages: 2
...STUDY TOUR IN Akij Food and Beverage Ltd Industrial Study Tour report On “Akij Food and Beverage ltd” Dhamrai, Savar, Dhaka Submitted To: Mrs. Monira Chowdhury Lecturer of Business Studies Holy Cross College Submitted By Fairuz Sadaf Class: XI, Section: B Roll no: 3295 Date of Submission: 6th March, 2012 Table of Contents Serial No Title Page 1 ACKNOWLEDGEMENT 5 2 Executive Summary 6 3 Part 1: INTRODUCTION 1.1 PURPOSE OF THE STUDY 1.2 ORIGIN OF THE STUDY 1.3 METHODOLOGY 1.4 LIMITATION 7-9 4 Part 2 FINDINGS OF THE STUDY 2.1 FINANCIAL MANAGEMENT 2.2 ORGANIZATION CHART 2.3 PRODUCTION MANAGEMENT 2.4 COMPANY OVERVIEW 2.5 HUMAN RESOURSE MANAGEMENT 2.6 MARKETING MANAGEMENT 10-21 5 Part:3 3.1 PROBLEMS 22 6 RECOMMENDATION 22 7 CONCLUSION 22 LETTER OF TRANSMITTAL March 4, 2012 Mrs. Munira Chowdhury Lecturer of Management Holy Cross College Tejgoan, Dhaka- 1215 Subject: Submission of report on “Akij Food and Beverage Ltd.” Dear Madam, I am very delighted to present my report on “Akij Food and Beverage Ltd.”. This report is the consequence of and that we have carried out in Akij Food and Beverage Ltd at Dhamrai, Savar. This report and study tour of this report has given me the prospect to know about the production and management of Akij Food and Beverage ltd. I have tried my best to make this report as per your instruction and it would be a great...
Words: 1318 - Pages: 6
...An Improved Pedagogy of Corporate Finance: a Constrained Shareholder Wealth Maximization Goal by Michael R. Santos , Gina Vega , John T. Barkoulas INTRODUCTION Bloom's taxonomy (1956) has guided pedagogical structure and innovation for half a century in the United States, and its focus on developmental learning remains relevant and instructive for us. The six developmental levels (knowledge, understanding, application, analysis, synthesis, and evaluation) separate basic knowledge acquisition from the critical thinking and analytical skills necessary for making ethical decisions or judgments. Answering questions about business ethics requires knowledge from multiple disciplines, including philosophy, psychology, political science, sociology, economics, finance, organizational management, and law. Analyzing such a vast body of data in ethical frameworks requires the highest levels (analysis, synthesis, and evaluation) of critical thinking as expressed in the taxonomy. Corporate governance, an interdisciplinary subject addressed in all these disciplines, explores the inter- workings of both for-profit firms and not-forprofit firms and is an area requiring business students to evaluate ethical issues when making decisions. Despite the broad responsibility of teaching corporate governance in the finance classroom, the pedagogy of finance has been restricted to ideas derived primarily from economics, statistics, and finance. Competing ideas from other disciplines are generally...
Words: 7223 - Pages: 29
...control cyber crime Creativity is associated with free thinking Does freedom of speech hold good in India Peace in Israel-palestine is elusive Will the middleman lose out to FDI? What ailed Kingfisher Airlines? India the land of contrasts Can modernisation and tradition co exist Ostentation in the Indian marriage Should Sachin continue to play international cricket? The heir to the Tata throne The Indian fascination for gold The difference between knowledge and wisdom Bio-cycle sensitisation The season of financial scams The rise of regional political parties Malala Yousafzai - An icon for girl education The 'Aam Admi' political party FDI in India - Boon or bane Is India better prepared to face terrorism 4 years after 26/11 Black money in real estate Are we facing an intellectual bankruptcy in politics? The Arcelor-Mittal compromise The era of Ricky Ponting Huge publicity hoardings defile cityscapes A world without online social networking The future of Palestine Eco-awareness must begin in childhood Should Reservations in education continue? Sports in education should be made compulsory Censorship in social media The (DINK) family - dual income no kids trends The I pad versus the I pod The future of the...
Words: 693 - Pages: 3
...overview of the Canadian legal environment. Part 2 deals with the legal forms of business and organisation. Part 3 part deals with the law of torts and the law of contracts. Part 4 looks at specific topics of law such as bailment, Sale of Goods, Interests in Land. Throughout the course, students are encouraged to focus on their personal or work experiences as they relate to the course material. All the course material assigned and learnt will be cumulative and students will be tested comprehensively on their understanding of the material at the end of the course. Students are prohibited from using any electronic devices to tape record classes, lectures or discussions and to use them during examination. REQUIRED TEXTBOOK There is one textbook required for this class: Duplessis et al., Business and the Canadian Law, 5th Edition, 2014, Nelson Education. COURSE EVALUATION Mid-Term 30 % (February 24, 2015) Term Paper 30 % (March 27, 2015) Final Exam 40 % ----- 100 % If you must miss the...
Words: 1495 - Pages: 6
...differences in foreign countries impact investor asset allocations. Week 2 DQ 1 "Globalization" Please respond to the following: • From the e-Activity, analyze how national exchanges around the world are linked and suggest which exchange most significantly impacts the U.S. markets. Explain your rationale. • Assess the factor(s) contributing to the global consolidation of stock, bonds, and derivative exchange. Predict the impact to these exchanges in the future. Week 2 DQ 2 "Efficient Markets" Please respond to the following: • Analyze the most significant driver in an efficient market and whether or not you would characterize the U.S. markets as efficient. Provide support for your position. • Discuss how behavioral finance concepts, such as bias, may impact investor decisions and the efficiency of financial markets. Week 3...
Words: 1373 - Pages: 6
...non graduates. Going to college is all about later gratification. b. Whether to buy a new textbook or a used one. First of, it’s interesting to know the price difference between this two books. Although there is something very enjoyable about the smell of a new book, buying used books is always cheaper and in addition it’s eco friendly. The previous user of the book might have highlighted some pages or some pages might be missing and basically that's the only downside. 2- (Resources) To which category of resources does each of the following belong? a. A taxicab- capital physical b. Computer software- capital physical c. One hour of legal counsel- capital human d. A parking lot- capital 3- (Micro versus Macro) Determine whether each of the following is primarily a microeconomic or a macroeconomic issue: a. What price to charge for an automobile- micro b. Measuring the impact of tax policies on total consumer spending in the economy- macro c. A household’s decisions about what to buy- micro d. A worker’s decision regarding how much to work each week- micro Chapter 2 4 (Opportunity Cost) By staying home from Spring Break and working you would have earned $400. However, expenses would’ve been $100 so your net income would have been (400-100)=$300. If you go to Florida, all of your costs add up to $700. This means that there is a $1000 difference to your finances between going to Florida and...
Words: 800 - Pages: 4
...What are the best money making business ideas that can make you become rich? What is the best business to start? Well, this article is an answer tothese questions . As this year draws to an end, you need to positionyourself properly because there are a lot of income opportunities available that can take you to whole new level. Whether you are an entrepreneur or investor, you will surely find this compilation valuable. So without wasting your time, below are 30 best money making business ideas that can make you become rich. P.S: This article only contains researched information, so it is expected that you conduct your own feasibility study and write a business plan or you can talk to a competent business consultant . 30 Best Money Making Business ideas that can Make You Become Rich *. Event and party planning If you have been complimented on your parties, you might be good enough to be a party planner. Many people who are throwing parties will desperately need your service. Let them know you can handle everything from invitations to thecatering, from the entertainment to cleaning up afterwards, from the wine shopping’s to decorations. The best places to herald your services would be in the entertainment section ofmost of the daily newspaper. I will recommend some soft sell magazine, because placing an advert in some of these magazines will surely go a long way in getting some customers. Generally, this work goes for a flat fee, depending upon the size of the party. From...
Words: 3778 - Pages: 16
...substitute to the textbook. They merely highlight important points and add some needed information to the assigned text. The title of this course is Management of Financial Institutions. This is a very broad and a far reaching topic. To make it possible, the course will concentrate on Bank management. Many of the concepts we will learn in course are transferable to other financial institutions. To begin the discussion, let us define banks. What is a bank? What do Banks do? A bank is a chartered financial institution that accepts savings deposits and makes commercial loans. This is the most basic definition of a bank. However, if you look at banks, you will see that they take many types of deposits and make many types of loans. In addition, if you are familiar with banks, you will notice that they act as intermediaries in many financial transactions. The banking is a vital function of the economy; without banks, the economy will not function properly. Why? The answer is that banks provide the link between savers and borrowers. In the US, people are net savers and businesses are net borrowers. Without banks and some other financial institutions, the borrowers, businesses, will not be able to raise finds by borrowing from people, the savers. This function takes many forms. We will look at some if these forms in this course and in other courses in the finance concentration in the MBA program. The Nature of Banking in the US See Chapter 1 in the Textbook With a population...
Words: 2120 - Pages: 9
