15.021J / 11.433J Real Estate Economics

Spring 2004

Suburban community filled with new houses.
New homes are quickly replacing farmland in this suburb west of Des Moines, Iowa. (Image courtesy of Lynn Betts, USDA Natural Resources Conservation Service.)

Course Highlights

Prof. Wheaton provides lecture notes that expand upon the material in the course textbook, which he co-authored. Some of the assignments challenge students to solve problems using computer or data files.

Course Description

This course, offered by the MIT Center for Real Estate, focuses on developing an understanding of the macroeconomic factors that shape and influence markets for real property. We will develop the theory of land markets and locational choice. The material covered includes studies of changing economic activities, demographic trends, transportation and local government behavior as they affect real estate.

Technical Requirements

File decompression software, such as Winzip® or StuffIt®, is required to open the .zip files found on this course site. Microsoft® Excel software is recommended for viewing the .xls files found on this course site. The .exe files found on this course site are executable programs.

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Prof. William Wheaton

Course Meeting Times

Two sessions / week
1.5 hours / session

One session / week
1.5 hours / session


Undergraduate / Graduate