| Title | 吉田二郎先生連続講義 CREPE Lecture Series by Prof. Jiro Yoshida |
|---|---|
| Date | 2018年1月23日（火）、30日（火） January 23 and 30, 16:50-18:35 |
| Venue | 東京大学国際学術総合研究棟２階・第７教室にて開催 [地図] Lecture Room No. 7, International Academic Research Building, University of Tokyo [MAP] |
| Lecturer | 吉田二郎（Jiro Yoshida, Pennsylvania State University and CREPE) |
| Abstract | Real estate is one of the largest components of consumption expenditures and the asset for both households and businesses. Mortgages are also the largest class of debt instruments. As a result, real estate has become the major asset class for investments. In the academic research, real estate economics primarily concerns the intersection of finance and urban economics. However, it also extends to macroeconomics, industrial organization, the consumer choice, economic history, and econometrics. For example, real estate is often the focal point of major recessions and financial crises such as the aftermath of the Japanese "bubble economy" and the U.S. Great Recession in the late 2000s. This is the first module of the lecture series on real estate finance and economics. Considering a wide range of career paths for the economics students, I will emphasize the connection between the academic research and the analytical skill for business. Topics include asset valuation, real options, location theories, market forecasts, accounting basics, the capital structure, mortgages, credit and interest rate risks, securitization, macroeconomic considerations, and econometric models. The class is interactive; students work on various in-class exercises and discuss academic research. |
| Information | 講義は英語で行われます（Lecture in English） |