LEARNING OUTCOMES MASTER OF REAL ESTATE MANAGEMENT (MRE)
1. Dublin Descriptors
For the Master of Real Estate Management the Dublin Descriptors are specified below.
D1. Knowledge and understanding
Knowledge is transferred to the participants with respect to the structure of markets, the legal and technological constraints and the up to date techniques for valuation, investment decisions and real estate portfolio management in general. Knowledge and understanding are acquired through classes, cases and exercises, self-study, …
This can be found in learning objectives L1, L2, L3, L5, L6 and L8.
D2. Applying knowledge and understanding
Transferring the knowledge into practice is one of the main objectives of the master. With respect to law issues the participants learn how to detect clauses in contracts that might be unfavorable to them. Financial oriented courses will implement the models in Microsoft Excel(c). Theoretical courses often are evaluated by letting participants apply the material learned to a case they are confronted with in their day to day operations.
Learning objectives L1, L3, L4, L5, L6, L7 and L8 are all relevant in this context.
D3. Making judgments
Decision making and judging opportunities is tackled in various ways. Location decisions, investment decisions, expanding decisions, renovation decisions, portfolio decisions are studied in various courses with the appropriate methodologies.
The aspect of making judgments can be found in learning objectives L2, L4, L5, and L7.
Communication skills are enhanced through ‘on the job’ training. Both verbal and written communications, as well as presentation skills are stimulated.
Relevant learning objectives: L1, L3, L4, L7 and L8.
D5. Learning skills
The participants of the MRE are trained to be well informed decision makers. In a continuously changing environment, pure knowledge transfer is meaningless. Hence, the participants are stimulated to apply theoretical frameworks to different environments and projects. The skill set needed encompasses critical analytical assessments of frameworks, empirical implementation skills, decision skills and communication skills. We stimulate self-study in order to provide them with an attitude to adapt to the changing market/academic environment.
Learning objectives L7, L8 and L9 are demonstrated here.
2. Learning Objectives
The Master of Real Estate Management aims to provide the participants with a thorough theoretical understanding of real estate concepts and the ability to apply these in practice. The following learning objectives (L) and qualifications can be determined:
With respect to the acquired knowledge the Master will:
L1. Have a practical and theoretical view on national (and to a certain extent international) real estate markets and their micro‐ and macro‐economic dynamics;
L2. Be able to recognize and explain new tendencies in real estate markets;
L3. Master up to date valuation techniques including comparison, cost and income approaches;
L4. Possess a deep understanding and insight regarding the financial feasibility of real estate projects within the relevant legal and environmental constraints and taking into account the modeling of uncertainty;
L5. Optimize real estate management, both within private enterprise and the public sector;
L6. Be able to understand and use real estate portfolio management techniques. With respect to the acquired skills the Master will:
L7. Master contemporary decision-making techniques;
L8. Be able to perform scholarly grounded research in real estate and to communicate this in a comprehensible manner to peers in the field and an academic jury;
L9. Master negotiation, communication and presentation techniques.