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Department of Land Economy

Environment, Law & Economics


Both core and optional MPhil modules are reviewed on an annual basis.  This review may lead to either a change to the core and/or optional modules offered on a particular MPhil course.  Modules may be rescinded permanently or withdrawn on a temporary basis at any time.

Any information provided on Land Economy modules offered and their content is therefore subject to change and provided as guidance only to assist applicants with their choice of course.  Reading lists are also provided for information purposes only and do not constitute a final or definitive list. 

M.Phil. in Real Estate Finance 2020-2021

The MPhil in Real Estate Finance was established in the Department of Land Economy in 2001-2002. It is based on advanced research and practice in finance, economics and law as these disciplines relate most closely to commercial real estate markets. The MPhil programme was designed with input from leading international academics and property industry executives. The MPhil in Real Estate Finance is central to the Department’s aim to develop Cambridge as the leading centre for real estate finance research and training in Europe and among the leading international real estate finance centres. An important goal of the programme is that graduates will go on to make an important contribution to the commercial property industry, in either a professional or research-orientated capacity.

Course structure

The MPhil in Real Estate Finance is modular and the examination consists of 10 units. The core pathway modules (RE01 and RE02) count as 2 units each. The Research Methods module counts as 1 unit. The Dissertation, Research Design and Structure module counts as 2 units. This allows students to choose 3 optional modules (1 in Michaelmas Term and 2 in Lent Term). Each optional module counts as 1 unit.

Compulsory modules

RE01 Corporate finance and real estate (Michaelmas and Lent Term) (2 units)
RE02 Real estate finance and investment (Michaelmas and Lent Term) (2 units)
RM01 Mixed research methods (Michaelmas Term) (1 unit)
Dissertation, Research Design, and Structure (Michaelmas Term) (2 units)

Optional modules

RM02 Further topics in quantitative methods (Lent Term) (1 unit)
RM03 Spatial Analysis and Modelling (Lent Term) (1 unit)
EP06 Energy and climate change (Lent Term) (1 unit)
EP07 National, Comparative, and European Environmental Law and Policy (Lent Term) (1 unit)
EP08 Comparative environmental policy (Michaelmas Term) (1 unit)
PGR03 Spatial economics (Lent term) (1 unit)
PGR04 Institutions and development I (Michaelmas Term) (1 unit)
PGR05 Institutions and development II (Lent Term) (1 unit)
RE03 Real estate development process (Lent Term) (1 unit)
RE04 The macroeconomy and housing (Michaelmas Term) (1 unit)
RE05 Legal Issues in Land Use and Finance (Lent Term) (1 unit)