Facility & Real Estate Management PT
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Regional & Real Estate Economics

level of course unit

Introduction and consolidation

Learning outcomes of course unit

The students are able to:
• understand essential concepts of regional economics as well as theoretical approaches to the growth of regions
• understand the role of space in economic analyses and to reflect on how models of regional development are applied in Austria as well as in the EU
• identify and structure relevant economic-geographical problems, understand the specificity of spatial data, as well as to select and identify different procedures for the identification, visualization and evaluation of regional economic phenomena
• identify, understand and analyze real estate markets
• name economic analysis methods and apply them to the real estate industry

prerequisites and co-requisites


course contents

Principles of regional economics
• Introduction to theoretical approaches to the growth of regions
• Principles of location selection as well as urban and regional development
• Aims and tools of Austrian and European regional policy
• Advancing real estate aspects of regional economics

Application of spatial information in regional economics
• Introduction to methods for analyzing regional economic interrelationships
• Introduction to empirical research and special features of spatial data, spatial econometrics

Principles of real estate economics
• Basics and consolidation real estate economics
• Economic significance of real estate markets
• Macroeconomics, microeconomics and real estate markets
• Portfolio theory in the real estate industry
• Demographic development and the significance in the real estate industry
• Price bubbles in the real estate industry

recommended or required reading

• Gunther Maier und Franz Tödtling 2006. Regional- und Stadtökonomie 1, Standorttheorie und Raumstruktur. Jahrbuch für Regionalwissenschaft. Springer
• Schulte, K. 2008. Immobilienökonomie: Band IV: Volkswirtschaftliche Grundlagen. de Gruyter
• Krugman, P. et al. 2011. Internationale Wirtschaft: Theorie und Politik der Außenwirtschaft. Pearson Studium - Economic BWL

assessment methods and criteria

Seminar thesis and examination

language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered


name of lecturer(s)

Asc. Prof. (FH) Dipl.-Ing. Christian Huber

course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)