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The Real Estate doctoral program provides individuals possessing robust finance and economics foundations the chance to concentrate their academic work and research on diverse areas including property markets, capital systems, housing dynamics, and urban economic studies. This program aims to prepare graduates for university teaching roles in real estate and financial sectors, as well as specialized research positions within industry. Candidates engage with cutting-edge explorations of contemporary real estate challenges, covering areas such as securitized financing, contractual frameworks and valuation, regulatory considerations in property finance, market cycles, real options theory, agglomeration effects, and the functioning of mortgage, housing, and land markets.
The Real Estate doctoral curriculum maintains strong connections with the Finance doctoral program. Standard coursework mandates completion of all finance major requirements, supplemented by specialized Real Estate doctoral courses and research seminars. Participants must develop expertise in microeconomic and macroeconomic principles, econometric and statistical methods, fundamental finance concepts, along with urban economics, municipal finance, and property financing systems. Prospective students should note they'll undertake an expanded course load to encompass the broader knowledge base needed to apply current research techniques to real estate-related questions and challenges.
Applicants admitted to a doctoral program that requires a master’s degree to be earned at Berkeley as a prerequisite (even though the applicant already has a master’s degree from another institution in the same or a closely allied field of study) will be permitted to undertake the second master’s degree, despite the overlap in field.
The following minimum requirements apply to all graduate programs and will be verified by the Graduate Division: