Business: Real Estate and Urban Economics, Ph.D.
Program Overview
The Business: Real Estate and Urban Economics, Ph.D. program at the University of Wisconsin-Madison prepares individuals for academic and research careers in real estate economics and finance. The program provides a solid foundation in financial and economic theory, advanced empirical methodologies, and specialized elective courses. Graduates develop the skills to conduct original research, analyze complex problems, and effectively communicate their findings.
Program Outline
Degree Overview:
The Business: Real Estate and Urban Economics, Ph.D. program at the University of Wisconsin-Madison prepares individuals for academic careers in research universities and research careers in industry and government agencies. It is an academically rigorous and highly quantitative program that provides a solid foundation in financial and economic theory and advanced empirical methodologies. Through a customized program of elective courses and dissertation research, students specialize in a particular area of real estate economics and finance.
Objectives:
The program aims to develop individuals with:
- A deep understanding of the theoretical and empirical foundations of real estate economics and finance.
- The ability to conduct original research and contribute to the advancement of knowledge in the field.
- The skills to analyze and solve complex problems related to real estate and urban economics.
- The communication and presentation skills necessary to effectively disseminate research findings.
Outline:
The program curriculum is designed to provide a comprehensive understanding of real estate economics and finance. Core courses include:
- Real Estate Courses:
- Advanced Real Estate Finance Theory
- Advanced Urban Land Economics
- Research Seminar in Real Estate and Urban Land Economics
- Finance Courses:
- Theory of Finance
- Seminar- Investments (Ph.D.) or Seminar-Corporate Finance (Ph.D.) or Topics Seminar-Finance PhD
- Economics Courses:
- Economic Statistics and Econometrics I
- Economic Statistics and Econometrics II
- Economic Theory-Microeconomics Sequence
- Economic Theory-Macroeconomics Sequence In addition to the core courses, students select elective courses from a variety of disciplines, including economics, finance, agricultural & applied economics, mathematics, and statistics. Students also complete a second-year research paper and an oral presentation of the paper in the third year. The culmination of the program is the doctoral dissertation, which must make an original contribution to the field.
Assessment:
Students are assessed through a variety of methods, including:
- Coursework grades
- Written exams
- Oral presentations
- Research papers
- Dissertation
Teaching:
The program is taught by a team of experienced faculty members who are actively engaged in research and teaching. The faculty use a variety of teaching methods, including lectures, discussions, case studies, and simulations. The program also offers opportunities for students to participate in research projects and to present their work at conferences.
Careers:
Graduates of the program have gone on to successful careers in academia, industry, and government. Some common career paths include:
- University professor
- Research economist
- Real estate analyst
- Financial analyst
- Urban planner
- Government policy advisor
