Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
LEARNING OUTCOMES
After the course the student
- is able to describe the development process and its phases, different actors and their roles.
- is familiar with land policy and plan implementation tools.
- is able to describe the relation between planning and development process and varying scopes of development processes.
- is able to discuss the multidimensional aspects of development process.
- is able to analyze the content and purpose of development plans.
Credits: 6
Schedule: 03.03.2021 - 14.04.2021
Teacher in charge (valid 01.08.2020-31.07.2022): Saija Toivonen, Saija Toivonen
Teacher in charge (applies in this implementation): Saija Toivonen, Saija Toivonen
Contact information for the course (valid 12.02.2021-21.12.2112):
saija.toivonen@aalto.fi
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
- Development process and its phases
- Different actors and their roles
- Planning and the role of public sector
- Scope of development
- Market analysis and development plan
- Valuation of feasibility of development project
- Uncertainty and risks in development process
- Land policy, plan implementation
- Different aspects in development
Applies in this implementation:
Lectures and exercises facilitated by Saija Toivonen.
Guest lectures e.g.:
Financial aspects and developer views by Antti Seppälä, YIT
Future crises and the role of real estate development by Lassi Tähtinen, Aalto ENG
Environmental sustainabilty and due diligence by Riikka Kyrö, Lund University
Social sustainability in real estate development by Anahita Rashidfarokhi, Aalto ENG
Aesthetics in real estate development by Sanna Lehtinen, Aalto ARTS
Challenges in real estate development in rural areas by Annamari Kiviaho, Aalto ENG
Assessment Methods and Criteria
Valid 01.08.2020-31.07.2022:
Lectures and exercises. The assessment methods and criteria will be defined in course syllabus. Preliminary and subject to change.
Applies in this implementation:
Exercises: fail/pass
Exam: 0-5
Workload
Valid 01.08.2020-31.07.2022:
160 hours (6 cr). The workload per activity type will be presented in the course syllabus.
Applies in this implementation:
Student's
workload: 6cr
= 160 h–Lectures 32 h (8 x 2 h (contact sessions) + reflection 8 x 2 h)–Group
and independent
work 65 h–Preparing
for examination 60 h–Examination
2-3 h
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
To be announced in course syllabus and lectures.
Applies in this implementation:
Course material will be given during the lectures. The material can be used freely during the exam.
Substitutes for Courses
Valid 01.08.2020-31.07.2022:
REC-E3030 Real Estate Development
Prerequisites
Valid 01.08.2020-31.07.2022:
REC-E3600 Real Estate Market Analysis L
SDG: Sustainable Development Goals
10 Reduced Inequality
11 Sustainable Cities and Communities
12 Responsible Production and Consumption
13 Climate Action
17 Partnerships for the Goals
- Teacher: Rashidfarokhi Anahita
- Teacher: Toivonen Saija