ARBE3304

Development Economics

10 Units 3000 Level Course

Available in 2014

Callaghan Campus Semester 1
Distance Education - Callaghan Semester 1

Previously offered in 2013, 2012, 2011

This course develops the students understanding of development economics through the process of a feasibility study of a commercial property project. It examines the site analysis, market research, property management, property finance and the methods of investment appraisal; thereby developing the students ability to evaluate property investment

Objectives On completion of this course students should be able to:
Understand the operation of property management
Conduct life-cycle costing analysis
Identify the sources of property finance
Understand the taxation implications and capital allowances in the property development process
Apply the methods of investment appraisal
Prepare a feasibility analysis for a commercial facility
Content Introduction to the process of feasibility study
Site analysis
Market analysis
Property Management and life-cycle costing analysis
Valuation of Property
Property finance and Tax implications/capital allowances
Time value of money
Present and future value calculation
Methods of investment appraisal
Discounted cash flow analysis
Risk analysis in discounted cash flow
Review of discounted cash flow analysis and process of feasibility study
Replacing Course(s) This replaces the existing 10 credit course ARBE2300 Construction Integrated Project 2.
Transition ARBE2300 Construction Integrated Project 2 to ARBE3304 Development Economics.
Industrial Experience 0
Assumed Knowledge ARBE1300 or equivalent to ARBE2307 or equivalent - Students should have a basic knowledge of economics in construction industry (ARBE2307) before enrolling in this course
Modes of Delivery Distance Learning : IT Based
External Mode
Flexible Delivery / Student Centred Learning
Internal Mode
Teaching Methods Case Study
Email Discussion Group
Problem Based Learning
Lecture
Self Directed Learning
Tutorial
Assessment Items
Quiz - On-line Calculations of property investment analysis
Reports 1.Property Management and life-cycle costing of a commercial facility
2.Feasibility study of a commercial facility
Contact Hours Lecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for Full Term
Timetables 2014 Course Timetables for ARBE3304