Economical and Mathematical Methods and Models In Real Estate Appraisal

Major: Land and Real Estate Valuation
Code of subject: 7.193.04.E.032
Credits: 8.00
Department: Cadastre of Territory
Lecturer: Associate Professor Yuliia Kalynichenko
Semester: 2 семестр
Mode of study: денна
Learning outcomes: As a result of studying the discipline, the student must be able to demonstrate the following learning outcomes: • ability to demonstrate deep knowledge and skills in conducting experiments, data collection, modeling and analysis of the results, to think systematically and apply creative abilities to the formation of fundamentally new ideas in geodesy and land management (ZN1); • ability to demonstrate knowledge and understanding of design methodologies, relevant regulations, applicable standards and specifications (ZN4); • use information resources in a scientific way, using high standards of text analysis (ZN9); • search and analysis of information from various sources and conducting research work (UM5); • combine theory and practice, as well as make decisions and develop a strategy for solving the problems of the specialty (specialization), taking into account universal values, social, state and industrial interests (UM8); • carry out mathematical and statistical processing of the results of scientific and applied activities (UM11); • ability to use various methods, including information technology, for effective communication at the professional and social levels (COM3); • ability to be purposeful and persistent, to learn throughout life, to realize the social and moral responsibility for the received training and professional activity (COM5).
Required prior and related subjects: Previous disciplines: Practical issues of property rights assessment; Land management design; Geomatics and remote sensing methods. Related and the following disciplines: Real estate appraisal methodology; Planning and forecasting the development of the real estate market; Evaluation of objects in material form.
Summary of the subject: Conceptual principles of mathematical modeling of the market pricing process. Similarity of real estate and comparable data. Methods of analysis of the price level and their dynamics. Methods of analyzing the relationship between price and factor characteristics. Statistical evaluation models. Building a model of real estate value when evaluating the method of comparing sales prices. Income capitalization modeling. Cash flow modeling for real estate to be developed.
Assessment methods and criteria: Current control (PC): 1. Protection of laboratory works according to the term appointed by the teacher - 20 points. 2. Oral examination - 10 points. 3. Activity, making suggestions, original solutions, clarifications and definitions, etc. - 10 points. Total for PC: 40 points. Examination control: written component - 50 points, oral component - 10 points.
Recommended books: 1. Драпіковський О. Оцінка нерухомості / О.І. Драпіковський, І. Б. Іванова, Ю. В. Крумеліс. – К.: ТОВ «СІК ГРУП Україна», 2015. – 424 с. 2. Драпіковський О. І. Методи і моделі оцінювання нерухомого майна : навч. посіб. / О. І. Драпіковський, І. Б. Іванова, Н. О. Терещенко. – Київ : Віпол, 2016. – 512 с. 3. Економіко-математичне моделювання: навч. пос. / Р.В. Фещур [та ін.]; за ред. Р.В. Фещура; – Львів: Бухгалтерський центр «Ажур», 2010. – 340с.