Interested in how the property market works? Check out Trinity's 'Economics of the Property Market' online course, suitable for CPD credits
The Department of Economics at Trinity College Dublin runs an online course, entitled “The Economics of the Property Market” , suitable Continuous Professional Development (CPD), led by Professor Ronan Lyons. Designed to cater for professionals working in the Irish housing market, but also suitable for interested members of the public, this introductory e-learning course explores how housing markets work and describes basic concepts behind the economics of property.
Learn to assess conditions in the property market and the effects of policy changes
Course director, Professor Ronan Lyons explains:
“Perhaps unusually, given the recent history of the Irish housing market, there exists no introductory course to the economics of the property market. Property is central to the work undertaken by a wide range of professionals, from engineers and architects to estate agents and solicitors. Professionals engaging with housing on an on-going basis are often under-resourced for their day-to-day work. This course aims to fill this knowledge gap.”
What topics will you cover?
This four week online course will equip you with basic tools to apply economic analysis in the property market. Core concepts, such as shifts in demand and supply, opportunity cost, and general equilibrium effects, will be explored and applied to your practice.
- Session 1: Understanding Markets
- Session 2: Demand for Property
- Session 3: Supply of Property
- Session 4: Public Policy & the Property Market
At the end of this course, you will be able to:
- Outline the basics of supply and demand analysis, and understand different mechanisms, including markets, that can be used to allocating resources.
- Describe housing demand and its main components, at both an aggregate and an individual level, including the labour market, credit and amenities.
- Describe housing supply, the importance of how it responds to demand, and its main determinants, including construction and land.
- Explain the main ways in which housing policy affects housing market outcomes, including mortgage rules, construction sector efficiency, housing subsidies and land use.
Who is this course for?
This course is relevant to professionals with a work-related interest in housing and the property market, including Estate Agents, Valuers, Landlords, Solicitors, Chartered and Quantity Surveyors, Planners, Financial Analysts, Accountants, BER Assessors, Engineers, Construction Professionals, Active Fund Managers, Pension Fund Administrators, mortgage brokers and other professionals working with mortgages, and those employed in the social housing sector.
This online course can be considered towards CPD for professionals, and certificates for completion of the course will be issued upon completion.
Who teaches the course?
Ronan Lyons is an Associate Professor in Economics at Trinity College Dublin, where he is also Director of Trinity Research in Social Sciences. His research focuses on housing markets, urban economics and economic history and has been published in leading journals, such as the Journal of Housing Economics, the Journal of Urban Economics and Real Estate Economics. He enjoys teaching at undergraduate, postgraduate and executive levels and has developed two online modules at Trinity for the wider public, on property markets and Ireland’s long-run economic development. He is active on housing policy issues and served on the Irish Government’s Housing Commission (2021-2024). He is also a consultant to the IMF on residential property prices and a frequent contributor to national and international media on Irish housing and the broader economy.
When does the course start?
Registration is now open for the next intake, which starts on 21st October. Registration closes on 7th October.
How is the course delivered?
The course is all online and all self-paced within a fixed six week window. It is delivered through Trinity’s Virtual Learning Environment Blackboard, using videos, interactive presentations, case studies, and additional resources. The participant does not have to start on the exact date as it is all self-paced but all course materials are made available from the first date. There are four sessions and we typically recommend setting aside three to five hours per session (although this will depend on the person and their familiarity with the material). Additionally, there will be one live session at the end, where participants can ask questions. After each session there is an assignment (e.g. a critical evaluation of what you have learned) that needs to be to completed in order to receive the certificate.
How do I register and pay for the course?
Register for the course by clicking on the Paypal link below. Course fees of €300 include access to the course via Blackboard for 6 weeks and a certificate of completion when all multiple choice questions have been attempted. Please note that participation in the CPD course does not include access to the Trinity Library or other student services. Closing date for course registration is 5pm, 19th February.
Contact Economics with course enquiries.