Module title: Investment Appraisal

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV09112
Module leader: Alison Andrews
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites


2017/8, Trimester 2, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Alison Andrews
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & teaching methods
Students will be encouraged to develop a critical understanding of property as an asset class within a multi asset spectrum of investment opportunities and the nature of the investors in property. The returns available from property investments will be examined and the methodology for assessing these returns. They will undertake evaluate and understand the limitations and shortcomings of conventional valuation models of both freehold and leasehold property. The contemporary growth explicit models will be evaluated and the students will obtain a comprehensive knowledge of the methods available including long and short form discounted cash flow. Current professional reports will be made use of to evaluate the returns available on the various investment asset classes. The tutorials will be used to expand upon the lecture material and to undertake valuations using the appropriate methods.

Embedding of employability/ PDP/ scholarship skills
The module shall assess the standards of communication, creativity and problem solving skills needed to answer such questions posed by investment appraisal and evaluation and required by the students to demonstrate such competency.

Assessment (formative and summative)
The assessment is designed to evaluate the student's understanding of conventional and contemporary appraisal technique applicable to property valuation. The assessment is supported in the tutorial classes.

Research/ teaching linkages
Close links are maintained with the Royal Institution of Chartered Surveyors and industry. This includes reference to research papers and guest lecturing from practitioners.

Supporting equality and diversity
Learning material provided over Moodle include: reading lists, lecture notes and supporting market reports.

Internationalisation
The module has a main focus on methodology within the UK. Major differences in practice and law between Scotland and England/Wales are highlighted.

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Tutorial 24
Independent Learning Guided independent study 149
Face To Face Centrally Time Tabled Examination 3
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 30 5,7 9 , WORDS= 1500
Centrally Time Tabled Examination 70 1-6 14/15 HOURS= 3, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Description of module content:

Investment principles; property investment.
Technical analysis of investment returns; empirical analysis of investment returns.
Conventional models of property valuation, critiques of conventional models.
Contemporary models; freehold and leasehold valuations using contemporary models.


Learning Outcomes for module:

On completion of this module you will be able to:
LO1: comprehend and evaluate a broad range of investment principles;
LO2: apply a critical understanding to the qualities of property as an investment;
LO3: apply investment techniques to analyse the return from property;
LO4. apply specialist knowledge of returns from the investment of capital in the property market;
LO5. critically evaluate conventional property valuation principles;
LO6. comprehend, evaluate and apply contemporary (growth explicit) models of property valuation.

Indicative References and Reading List - URL:
Investment Appraisal