RE 15 – Page 1
Date Approved:
11/24/89
Date Scanned:
5/26/2005
College of the Redwoods
CREDIT COURSE OUTLINE
DEPARTMENT AND COURSE NUMBER: Real Estate 15
DEGREE APPLICABLE
NON-DEGREE APPLICABLE
FORMER NUMBER (If previously offered)
COURSE TITLE Real Estate Economics
LECTURE HOURS: 3.0
LAB HOURS: 0.0
UNITS: 3.0
PREREQUISITE: None; RE 10 Recommended
Eligibility for: Engl 150
Math 105
Request for Exception Attached
CO-REQUISITE: None
GRADING STANDARD:
Letter Grade Only
TRANSFERABILITY:
CSUS
UC
Articulation with UC requested
Repeatable
yes
no
CR/NC Only
NONE
Max No. Units
Grade/CR/NC Option
Maximum Class Size 50
Max No. Enrollments
CATALOG DESCRIPTION:
A study of the basic principles of economics specifically applied to national, regional, and local real estate
markets. Special emphasis is placed on the impact of taxation, land use controls and environmental
controls upon the value and investment return potential of individual parcels.
NOTE:
COURSE OUTCOMES/OBJECTIVES: List the primary instructional objectives of the class. Formulate
some of them in terms of specific measurable student accomplishments, e.g., specific knowledge and/or
skills to be attained as a result of completing this course. For degree-applicable courses, include
objectives in the area of “critical thinking.” Upon successful completion of this course, the student will be
able to:
1. understand basic economic principle, the role of the government in the economy and the role of
real estate in the national economy.
2. analyze national, regional, and community economic trends.
3. understand major influences on new real estate development taxation, land-use controls, real
estate development procedures, and environmental controls.
4. apply the principles of real estate economics to investment decisions.
RE 15 – Page 2
Date Approved:
11/24/89
Date Scanned:
5/26/2005
COURSE OUTLINE:
Introduction to Real Estate Economics
Review of the Economic Principles of Capitalism
Governments’ Role in the Economy
Money, Credit, and Real Estate
Economic Features of Real Estate
Regional and Community Analysis
Community Growth Patterns
Neighborhoods
Analyzing Housing Markets
Analyzing Commercial and Residential Properties
Rural and Recreational Markets
Real Property Taxation
Land Use Controls
Real Estate Development
Government Reports
Real Estate Investment Principles
Income Tax Aspects of Investment
Applying Real Estate Economics to Investment
Predicting Change
% of Classroom Hours Spent on Each Topic
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
10%
5%
5%
5%
5%
5%
5%
5%
RE 15 – Page 3
Date Approved:
11/24/89
Date Scanned:
5/26/2005
APPROPRIATE TEXTS AND MATERIALS: (Indicate textbooks that may be required or recommended;
including alternate texts that may be used.)
Text(s)
Title
The Essentials of Real Estate Economics
Required
Alternate
Edition
2nd
Recommended
Author
McKenzie and Betts
Publisher John Wiley and Sons
Date Published 1980
(Additional required, alternate, or recommended texts should be listed on a separate sheet and attached.)
For degree applicable courses the adopted texts have been certified to be college-level:
Yes. Basis for determination:
is used by two or more four-year colleges or universities (certified by the Division Chair or
Branch Coordinator, or Center Dean)
OR
has been certified by the LAC as being of college level using the Coleman and Dale-Chall
Readability Index Scale.
No. Request for Exception Attached
If no text or a below college level text is used in a degree applicable course must have a minimum of one
response in category 1, 2, or 3. If category 1 is not checked, the department must explain why substantial
writing assignments are an inappropriate basis for at least part of the grade.
1. Substantial writing assignments, including:
essay exam(s)
term or other paper(s)
written homework
reading report(s)
laboratory report(s)
other (specify) _____
If the course is degree applicable, substantial writing assignments in this course are inappropriate
because:
The course is primarily computational in nature.
The course primarily involves skill demonstrations or problem solving.
Other rationale (explain) __________________________________________
2. Computational or Non-computational problem-solving demonstrations, including:
exam(s)
quizzes
homework problems
laboratory report(s)
field work
other (specify)_______
3. Skill demonstrations, including:
class performance(s)
other (specify)____
4. Objective examinations, including:
multiple choice
completion
field work
performance exam(s)
true/false
other (specify)
matching items
5. Other (specify) ____________________________________
NOTE: A course grade may not be based solely on attendance.
RE 15 – Page 4
Date Approved:
11/24/89
Date Scanned:
5/26/2005
REQUIRED READING, WRITING, AND OTHER OUTSIDE OF CLASS ASSIGNMENTS:
Over an 18-week presentation of the course, 3 hours per week are required for each unit of credit. ALL
Degree Applicable Credit classes must treat subject matter with a scope and intensity which require the
student to study outside of class. Two hours of independent work done out of class are required for each
hour of lecture. Lab and activity classes must also require some outside of class work. Outside of the
regular class time the students in this class will be doing the following:
Study
Answer questions
Skill practice
Required reading
Problem solving activity or exercise
Written work (essays/compositions/report/analysis/research)
Journal (reaction and evaluation of class, done on a continuing basis throughout the
semester)
Observation of or participation in an activity related to course content (e.g., play, museum,
concert, debate, meeting, etc.)
Field trips
Other (specify) ____________________________
COLLEGE LEVEL CRITICAL THINKING TASKS/ASSIGNMENTS:
Degree applicable courses must include critical thinking tasks/assignments. This section need not be
completed for non-degree applicable courses. Describe how the course requires students to
independently analyze, synthesize, explain, assess, anticipate and/or define problems, formulate and
assess solutions, apply principles to new situations, etc.
Analyze national, regional, state, and local trends; analyze governments’ role and impact on real estate
markets; apply economic principles to local market and investment decisions.