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FAI3007 Economics of Real Estate and Financial Cycles 7.5 credits

Course offering missing for current semester as well as for previous and coming semesters
Headings with content from the Course syllabus FAI3007 (Spring 2019–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

  • Linear and nonlinear time series analysis of real estate markets, financial markets and their interactions with the overall economy.
  • Real estate cycles
  • Financial cycles
  • Business cycles
  • Asset price bubbles and financial crisis
  • Valuation of real and financial assets
  • Economic growth
  • Monetary and fiscal policy
  • Financial regulations of real estate and financial markets
  • Macroeconomic forecasting

Intended learning outcomes

This course aims at providing students with theoretical and empirical tools to study the interaction between real estate cycles, financial cycles and business cycles. After completing this course, students should have good knowledge about the causes of fluctuations in housing markets, commercial real estate markets, financial markets and the overall macroeconomy.  Furthermore, the student will also be able to analyze possible policy actions that can affect the occurrence of large fluctuations in real estate markets.  Troughout this course students will obtain knowledge about statistical methods for analysing some commonly applied multivariate linear and nonlinear time series econometric methods.

Course disposition

No information inserted

Literature and preparations

Specific prerequisites

Be a PhD student or with equivalent knowledge.

Recommended prerequisites

No information inserted


No information inserted


Nonlinear Time Series Analysis, by Ruey S. Tsay and Rong Chen. WILEY

Multivariate Time Series Analysis: With R and Financial Applications, by Ruey S. Tsay. WILEY

Macroeconomics, Global Edition, by Stephen D. Williamson. Pearson.

Selected articles and papers

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

P, F


  • INL1 - Home work, 5.0 credits, grading scale: P, F
  • SEM1 - Seminars, 2.5 credits, grading scale: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted


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Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web FAI3007

Offered by

ABE/Real Estate Economics and Finance

Main field of study

This course does not belong to any Main field of study.

Education cycle

Third cycle

Add-on studies

No information inserted

Postgraduate course

Postgraduate courses at ABE/Real Estate Economics and Finance