Real estate economics introduces the most important issues and topics in the study of cities and real estate markets (both commercial and residential): How economic principles affect the demand for real estate, the operation of real estate markets, and the relationship between land use, land value and location. At the end of the program the students should be able to address questions of how the real estate markets operate, how they relate to other markets, the reasons for government intervention, the forms of that intervention, the financing of housing in the public and private sectors and how policy might be evaluated.
The overall objective of the program is to offer broad courses for ANYONE interested in ANY aspect of real estate decision making! We will provide a unifying theme to think hard about real estate market.
Professor Gabriel S. Lee studied mathematics and economics at the University of Alberta (B.Sc.) and economics at the University of Western Onatario (M.A. Economics). He then obtained his Ph.D. (Economics) at the University of Chicago with the dissertation titled `Housing Investment under Time to Build and Adjustment Costs”. Before joining the University of Regensburg, he held positions at various institutions such as at the University of Pittsburgh, the University of California, Davis, the University of Vienna and Innsbruck, and at the Intitute for Advanced Studies in Vienna. Since april 2004, he holds the chair professorship for real estate economics at the University of Regensburg. Professor Lee\\'s main research focuses on real estate topics in the context of macroeconomics.