Regional & Real Estate Economics

level of course unit

Introduction and consolidation

Learning outcomes of course unit

The students are able to:
• understand essential concepts of regional economics as well as theoretical approaches to the growth of regions
• understand the role of space in economic analyses and to reflect on how models of regional development are applied in Austria as well as in the EU
• identify and structure relevant economic-geographical problems, understand the specificity of spatial data, as well as to select and identify different procedures for the identification, visualization and evaluation of regional economic phenomena
• identify, understand and analyze real estate markets
• name economic analysis methods and apply them to the real estate industry

prerequisites and co-requisites

none

course contents

Principles of regional economics
• Introduction to theoretical approaches to the growth of regions
• Principles of location selection as well as urban and regional development
• Aims and tools of Austrian and European regional policy
• Advancing real estate aspects of regional economics

Application of spatial information in regional economics
• Introduction to methods for analyzing regional economic interrelationships
• Introduction to empirical research and special features of spatial data, spatial econometrics

Principles of real estate economics
• Basics and consolidation real estate economics
• Economic significance of real estate markets
• Macroeconomics, microeconomics and real estate markets
• Portfolio theory in the real estate industry
• Demographic development and the significance in the real estate industry
• Price bubbles in the real estate industry