Teaching

REAL 375/875-401 Real Estate Disruptions

Fall 2019, Q1 mini, (.50 c.u.)  Tuesdays 3-6pm
Tentative Course Syllabus Subject to Change

Real Estate is changing dramatically for the first time in perhaps one hundred years. This class will examine how technology is changing in many facets (all) of the industry. This course will address how technology has already changed the demand for real estate, how it will likely change in the future the way real estate is used, designed, developed, constructed, managed, leased, maintained, and financed. Among many questions to be considered are: Can you crowd fund real estate development? Will the office business become a part of hospitality? Can we build new buildings like we assemble legos? How will autonomous vehicles affect the demand for space and property values? What is the future of new data analytics services? This is a team-taught mini half credit course that will bring together a recognized industry leader and Wharton faculty. Included will be a broad set of guest lecturers (Start-up entrepreneurs, incumbents, VCs, non RE technology specialists, etc). We believe there is no one single approach to gain insight about disruptions and change under uncertainty so we will propose a mix of approaches including, in-depth case-studies, interactions with guest lecturers who handle those issues daily, learning from economic history and other industries, and drawing from core economic concepts.

Prerequisites: Students are responsible for knowing the material covered in Real Estate Investments (REAL/FNCE 209 AND 721). The class will be taught assuming you have mastered these topics. This prerequisite is STRICTLY enforced unless the class is under-subscribed.

BEPP250 – Managerial Economics

Honors sections, Fall 2018
Course Syllabus

This course introduces students to “managerial economics,” the application of microeconomic theory to management problems. Microeconomic theory is a highly useful set of ideas for understanding and analyzing human behavior in a variety of contexts. Our goal in this course is to help you understand this body of theory so you can analyze private and public management problems in an economic framework. This is a “tools” course, but we will discuss many business applications and offer a strong emphasis on prescription, as opposed to description. For example, we will focus on profit maximization as a management objective rather than simply a foregone conclusion. The term begins with a brief introduction of the theory of supply and demand underlyng the competitive market model, the benchmark for evaluating other market structures similar to those encountered by real-world firms including monopoly, oligopoly, and monopolistic competition. We then move to build an understnading of the development and use of market power, and strategic interaction among firms. Last, we examine market failures including asymmetric information and externalities.

Prerequisites: ECON 1 or equivalent; MATH 103 or equivalent.

REAL946 – Advanced Topics in Urban Economics

Fall 2017
Course Syllabus

This course addresses advanced topics in urban and real estate economics. The course will mix theory and empirics and will cover a broad range of topics including the modeling and estimation of agglomeration economies, land use and urban costs, transportation in cities, urban growth, migration between cities etc. The classes will mix formal presentations made by the instructor and student-led discussions of recent academic papers. In addition to presentations, students will be expected to complete a series of assignments including a short original research paper.

Prerequisites: The course assumes that students have familiarity with standard first year econometrics and microeconomics.

Other Information: All PhD students will be expected to complete a research paper in addition to the successful completion of the course examination requirements.