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.
Course Evaluations (MIT Certificate Required)
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
Explains the role of the entrepreneur in the Built Environment using case studies to outline different steps in developing
Real Estate, Construction, Architectural and related enterprises. Emphasis on strategic marketing and the implementation of the plan in the development of these businesses. Lectures address the progression of an idea to an opportunity to a sustainable business. Guest lectures from entrepreneurs in the built environment that outline the various entrepreneurial paths and characteristics they took to success. Team project consists of identifying an idea/opportunity and plan for developing a sustainable company.
Course Evaluation (MIT Certificate Required)
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
The course provides theories, concepts and tools to craft, articulate and refine a "leadership point of view". Students converse with leaders in the real estate industry to understand the leaders' experiences and development.
Students complete multiple self-assessments to better understand their strengths and opportunities for growth. At the conclusion of the course, students have a deeper understanding of leadership; a better understanding of themselves and their authentic leadership style; an increased ability to "connect" with others, 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).)
Course Evaluation (MIT Certificate Required)
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
Examines the compatibility of various project delivery methods, consisting of organizations, contracts, and award methods, with certain types of projects and owners. Six methods examined: traditional general contracting; construction management; multiple primes; design-build; turnkey; and build-operate-transfer. Consists of lectures, case studies, guest speakers, and a team project to analyze a case example. Key goal is a strong strategic understanding of how best to deliver various types of projects in the built environment.
Course Evaluation (MIT Certificate Required)
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: 33-319
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.
11.964 Responsible Property Development & Investment
H2 (3/29 - 5/13)
Units: (2-0-4)
Instructors: David Wood
Location: W31-301
Mondays, 9:00am - 12:00pm
Global resources are becoming scarce at a rapidly increasing rate. This impacts all facets of real estate, from idea inception, to planning, design, financing, construction, operations, and disposition. This course introduces students to series of topics dealing with the long-term sustainable nature of real estate. Students will be exposed to general topics associated with global environmental issues, competitive urban environments, green buildings and retrofits of existing buildings, and worker productivity.
Special emphasis will be placed on the emerging discipline of Responsible Property Investment (RPI), and its implications for real estate development and investment practices. This will include: macro-trends supporting sustainable investment strategies; the field of Responsible Investment and its application to the real estate asset class; financing RPI; ‘green’ building practices, public policy, community relationships and public private partnerships; socially responsible and smart growth development; the current and future business case for RPI; measuring triple bottom line returns; and barriers to RPI in property development, management, and valuation.
The course will combine lecture, discussion, reading in the field, and frequent presentations from practitioners.
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.
