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Course Contents

Ist YEAR Ist SEMESTER

ATA101 Atatürk’s Principles and History of Turkish Revolution I (2-0) 2
Concept of geopolitics and geopolitical position of Turkey, brief world history and the place of the Turkish people in historical process, the last century of the Ottoman Empire and mistakes that led to the collapse of the empire, the War of Independence and the Republican period and especially Atatürk’s principle of thoughts in this framework, concepts of republic and democracy, Atatürk’s principles and reforms, and social and political developments in the Republican period and foreign policy issues.

YDA101 Basic Foreign Language I (German) (4-0) 4
Basic German grammar knowledge: tenses and areas of use, most commonly used patterns in daily conversation, simple reading texts, the ability to ask questions about these texts and answer the questions.

YDA101 Basic Foreign Language I (French) (4-0) 4
Basic French grammar knowledge: tenses and areas of use, most commonly used patterns in daily conversation, simple reading texts, the ability to ask questions about these texts and answer the questions.

YDA101 Basic Foreign Language I (English) (4-0) 4
Basic English grammar knowledge: tenses and areas of use, most commonly used patterns in daily conversation, simple reading texts, the ability to ask questions about these texts and answer the questions.

TDİ101 Turkish Language I (2-0) 2
Definition of the language, relations between language and culture, historical periods of Turkish language, sounds of Turkish language (phonetics), structure of Turkish language (morphology), basic diction information, exercises on major diction topics such as emphasis, toning and pronunciation, writing rules, characteristics of Turkish words, structures of Turkish sentences, daily correspondence (such as petition, curriculum vitae), comprehensive information on written expression, sentence and paragraph analysis, theoretical and practical studies on literary texts, composition, different expressions in literature, literary texts.

GGY101 Economics I (Micro Economics) (3-0) 3
Basic concepts of economy: resources, requirements or needs, opportunity cost, goods and services, benefit, value, production, production factors, consumption, division of labor, efficiency, productivity and profitability, the main problems of the economy (e.g. scarcity) and solutions, demand analysis: market types, demand law and factors affecting demand, elasticities and areas of use, supply analysis: supply law, supply function, elasticities and areas of use, market types and price formation: demand in perfect competition, monopoly and incomplete competition conditions, supply and market balance, consumer and producer theory: consumer balance analysis, producer balance and cost analysis, short and long term production models: production and costs in the short run, production and costs in the long run, firm balance: income (revenue), cost and profit functions, profit maximization, price analysis of production factors: marginal productivity theory, labor and wage, land and rent, capital and interest, entrepreneur and profit, distribution of factor income and policy analysis.

GGY103 Basic Principles of Law (3-0) 3
The function of law in society, comparison of the rules of law with religion, customs and morals, methods of interpretation in law, sources of law, public-private law differentiation, norm hierarchy, positive law, law of nature, the evaluation of the basic concepts and institutions of law (such as ownership, contract, sovereignty and justice) and various legal systems (Roman Law, Black European Law, Islamic Law, Socialist Law) or law schools and basic human rights concepts.

GGY121 Mathematics I (2-2) 3
Sets and numbers, the concept of function, some special functions, identities, equations and graphs, first and second degree inequalities, systems of equations and inequalities, trigonometry, exponential and logarithmic functions, complex numbers, limit and continuity, the concept of derivation and its geometric interpretation, differentiation rules, chain rule, higher order derivatives, applications of derivative: increasing and decreasing functions, local and absolute extremums, maximum and minimum problems, derivative theorems, convex and concavity of curves, asymptotes, graph sketching, indeterminate forms and L’Hospital’s rule.

GGY107 Management (3-0) 3
Basic concepts related to business administration, historical development process and the relation of business administration with other sciences, business types and business environment, scale and size in businesses: economics of scale, the criteria used to determine the business combinations and business sizes, management and basic functions of the business, the principles that are accepted as the basis for the establishment and operation of businesses, production and cost function models in business economics, legal structures of businesses, ethics and social responsibility in businesses, analysis of selected sample businesses.

GGY109 Information Technologies and Usage (2-2) 3
General concepts and definitions used in basic information technologies, history of information technologies, basic hardware knowledge, inter-computer data communication and network concepts, operating system usage and management, document creation and editing with word processing program, spreadsheet and graph formation with spreadsheet program and calculation, slide show creation with presentation program, e-mail operations, internet technology and basic internet concepts, internet security, and web browsers.

UYM103 Orientation Programme to University Life (0-0) 0
The introduction of faculties and departments to facilitate easier integration into university life, introducing the social and academic opportunities of the university, and provide information to students about academic issues, health, culture, and sports.

General Social Elective Courses (0-1) 0
Athletics, Badminton, Baglama, Physical Education, Fundamentals of Physical Education and Sports Sciences I, Drama, Outdoor Sports, Guitar, Weightlifting, Folk Dance, Sign Language, Latin Dances, Oryantring, Painting I, Sports Health and Training I, Sports Management and Organization I, Contemporary Trends in Jewelry, Turkish Folk Music, Turkish Art Music, Volleyball, Creative Writing, Swimming, Zumba, Philosophy of Art, Graphics, Polyphonic Choir, Violin…

Ist YEAR IInd SEMESTER

ATA102 Atatürk’s Principles and History of Turkish Revolution II (2-0) 2
The republican revolutions and the consequences of the transformation of social life, abolition of the Sultanate, The proclamation of the republic, abolition of the caliphate, dress arrangement, hat revolution, alphabet, language, history reforms and surname law, removal of sects, closing of monasteries, mausoleums and zawiyas, changes in calendar, clock and measurement system, 1921 and 1924 Constitutions and the reform of the law, concepts of women’s rights and human rights, education reform and significance, the importance of the Turkish revolution, principles to be followed in education, The importance of the revolutionary laws of 1924, internal events and confusion, the formation of secularism and the secular state, revolutions and democracy, the concept of democracy in the multi-party period, republicanism, nationalism, secularism, revolutionism, statism, populism principles, national independence, national will, national solidarity, Atatürk’s system of thought, foreign policy during Ataturk’s period, Montreux Convention, Balkan Pact, Hatay problem, The role of modernization and reforms in Turkey, some basic political problems.

YDA102 Basic Foreign Language II (German) (4-0) 4
Basic German grammar and the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

YDF102 Basic Foreign Language II (French) (4-0) 4
Basic French grammar and the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

YDİ102 Basic Foreign Language II (English) (4-0) 4
Basic English grammar and the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

TDİ102 Turkish Language II (2-0) 2
Spelling and punctuation rules, composition, Turkish sentence structures, Characteristics of Turkish words, different expressions in literature, literary texts, writing rules, Turkish literary language.

GGY102 Economics II (Macro Economics) (3-0) 3
Origin and development of macroeconomic trends, national income analyses: basic concepts and definitions related to national income, national income accounting methods and practice0s in Turkey, factors that determine the national income: income, consumption, savings and investment functions, income distribution and analysis of the situation in Turkey, equilibrium national income, the relation of the national income to the general level of prices: total supply and aggregate demand analyses, money and banking: features and types of money, emission regimes and the role of money in macroeconomics, analysis of the value of money: measurement of the value of money, the relationship between amount of money and the general level of prices, banks: bank types and classification, central banks, deposit banks, sector banks, investment and development banks, participation banks (Islamic finance), control of the central bank over money supply: instruments of monetary policy, politics of instability and stability in the economy: inflation, employment and unemployment, cyclical fluctuation, economic stability policies: Keynesian and Monetarist views on monetary policies, comparison of money and cost policy, IS-LM analyzes, public revenue-public expenditure balance, budget deficits, crises and economic cycles, international economic relations: foreign trade theory, foreign trade policy, balance of payments and foreign exchange market, open economy, foreign trade and international economic integrations, analysis of national and international economic institutions and activities, international monetary systems, economic growth and development analysis: growth concepts and measurement of growth, basic characteristics of developed and emerging economies, the concept and measurement of development, improvement in developing countries and analysis of Turkey’s status.

GGY122 Mathematics II (2-2) 3
Indefinite integral and integration methods: substitution, integration by parts, reduction formulas, trigonometric integrals, integration of rational functions, definite integrals: basic theorem of integral calculus, applications of integrals: calculation of area, volume and length of curves, generalized integrals, sequences and the convergence of sequences, series: positive series and convergence tests, alternating series, power series, taylor series, matrix, determinant and systems of linear equations.

GGY112 Statistics (2-2) 3
Statistical concepts, frequency distributions and graphs, measures of central tendency and dispersion, probability and probability distributions, discrete random variables and some discrete distributions, continuous random variables and the normal distribution, sampling distribution, hypothesis tests, hypothesis testing and confidence interval for population mean, hypothesis testing of the difference between two population means, inference about the difference between two population means for paired data, hypothesis testing to compare two population proportions, chi-square analysis, independence tests, correlation, regression analysis, trend analysis.

GGY114 General Accounting (2-2) 3
Accounting theory, its definition, historical development, and scope, the concept of balance-sheet, balance-sheet equation, the effect of financial transactions on balance sheet, the concept of account, operating rules of accounts, uniform accounting plan, accounting system, methods of recording monetary transactions, accounting fiches, commercial documents, double sided recording method, monitoring of assets, current assets, fixed assets and common characteristics of assets monitoring, resource accounts, common features in monitoring resources, off balance calculations, income statement accounts, period end inventory procedures, preparation of the trial balance, arrangement of basic financial tables and additional financial statements, sample applications.

GGY116 Constitutional Law (2-0) 2
Sources of information of the Turkish constitutional law, the concept of constitution, types of constitution, Ottoman Constitutional Movements: The 1876 Ottoman Constitution, 1909 amendments to the Ottoman Constitution, The 1921 Constitution which suggested the Parliamentary Government System during the War of Independence, The 1924 Constitution as the first Constitution after the declaration of the Republic in 1923, the process of preparation of the 1961 Constitution and the principles prevailing the Constitution, the process of preparation of the 1982 Constitution and the principles prevailing the Constitution, the basic principles of the Republic, fundamental rights and freedoms, political parties, government systems, selection of the members of the Grand National Assembly of Turkey (TBMM), legal status of members of the TBMM, internal and working structure of the TBMM, TBMM’s legislative function, duties and authorities of the TBMM, the executive body, regulatory processes of the President, Council of Ministers, and executive body, extraordinary governance procedures, jurisdiction, the issue of the amendment of constitutions and the establishment and historical development of the constitutional judiciary with extraordinary administrative procedures, judicial control systems, compliance with constitution in the Turkish constitutional judiciary, general overview of the other tasks of the Turkish Constitutional Court and the problems of the Turkish Constitutional judiciary, Amendment of Constitution.

GGY118 Computer Aided Design Techniques and Construction Projects (2-2) 3
Digital media for architectural design through specific drawing and modeling applications; generation, manipulation, and reproduction of two-dimensional and three-dimensional architectural models using digital media; introduction of computer aided drawing techniques and AUTOCAD; commands relating to geometrical drawings and general properties; geometrical drawing techniques and applications; scale and dimensioning techniques and applications; line standards, types and applications; hatch standards, types and applications; applications on construction and real estate projects; construction and real estate project drawing and applications (floor plan, section and elevation drawings) and sample projects analysis and evaluation.Introduction of digital media for architectural design through specific drawing and modelling applications, generation, manipulation, and reproduction of two-dimensional and three-dimensional architectural models using digital media, introduction of computer aided drawing techniques and AUTOCAD, commands relating to geometrical drawings and general properties, geometrical drawing techniques and applications, scale and dimensioning techniques and applications, line standards, types and applications, hatch standards, types and applications, applications on construction and real estate projects, construction and real estate projects drawing and applications (floor plan, section and elevation drawings) and sample projects analysis and evaluation.

General Social Elective Courses (0-1) 0
Basic Foreign Languages, Athletics, Badminton, Baglama, Basketball, Physical Education, Fundamentals of Physical Education and Sports Sciences II, Drama, Outdoor Sports, Football, Guitar, Wrestling, Weightlifting, Folk Dance, Sculpture II, Handball, Sign Language, Latin Dances, Table Tennis, Music II, Oryantring, Painting II, Sports Health and Training II, Sports Management and Organization II, Turkish Folk Music, Body Building-Fitness, Swimming

IInd YEAR IIIrd SEMESTER

YDA 201 Basic Foreign Language III (German) (4-0) 4
Basic German grammar and the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

YDF 201 Basic Foreign Language III (French) (4-0) 4
Basic French grammar and the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

YDİ 201 Basic Foreign Language III (English) (4-0) 4
Basic English grammar and the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

GGY201 Introduction to Real Estate Development and Real Estate Economics (3-0) 3
Concept of real estate and other related concepts, development and scope of the right of ownership, use of the real estate and relations with the right of ownership, use and effects of real estate by sectors, macro-economics of real estate and analysis of real estate and construction sectors in Turkey’s economy, micro-economics analysis of the real estate economy and real estate and construction sector in Turkey’s economy, relations of the real estate sectors with the monetary and capital markets, supply and demand analyses in real estate markets: stocks, new constructions, transaction volume and absorption capacity, urban space and land markets: location and economic rent, sub-centers and markets and types of land use, urban development, analysis of economic rent and prices, real estate system, short and long term real estate market analysis and the 4Q model, housing production: location, land use and intensity, gentrification between land uses, industrial uses: historical development and technological change, travel and transportation costs, the effects of taxes and public policies, office areas: office and labor markets, theories of multiple centered cities, agglomeration and clustering, commercial land market, retail markets: travel structure and segmentation of stores, pricing and spatial competition, Shopping center and store classification, local governments and land markets: property tax, public expenditures and local services, land use regulations and financial incentives, organization of development works: public properties and neighborhood effects, internalizing external effects through government or contracts, congestion, transportation infrastructure, and planning regional development, macroeconomic analyses, housing market analyses: housing and building supply and characteristics, households and tenant selections, demographic and economic characteristics, housing prices, household income and housing finance, macroeconomic analysis of non-residential real estate projects: analysis of markets, vacancy, absorption, and market frictions, renting and lease contracts, long-term use of space and demand, herd behavior and development games, time series analysis of real estate markets: time series features of residential and commercial properties, stock-flow theory and real estate cycles, expectations, inflation and efficient markets, the issue: Can markets be forecast?, regional development and real estate markets, determinants of metropolitan area development: export demand and industrial development, models for the analysis of metropolitan growth: supply and demand shocks, real estate and cost of living, case study analyses.

GGY215 Urban and Regional Planning (3-2) 4
Definitions of urban and urbanisation, history of cities, factors determining urban development and urban formation, urban areas, their structural features and roles within the urban as a whole, different urban areas, housing areas, centre/sub-centre, green areas, industrial areas, transportation systems, urban social utilities, concepts of planning and urban planning, discipline of urban planning, planning process and planning hierarchy in Turkey, relationship between urban planning and cultural, social, economic, physical and administrative structures, development plan preparations, data collection, projections, analysis and synthesis, different types of spatial planning (spatial strategic plans, environmental plans, development and implementation plans, partial plans), plan notes and legends, land readjustment methods, important articles of Development Plan Law, contemporary concepts and debates in urban planning.

GGY205 Land Surveying I (2-2) 3
Introduction, definitions, surveying history, earth’s shape, plane and geodetic surveys, units of measurements, narrow angles, map scales, basic surveying instruments, land measurement and basic map-to-ground application methods, distance measurement, measurement controls, measurement plans, measurement errors, accuracy of measurement sequences, rules of propagation of errors, weight concept, computation of mean error using measurement pairs, area calculations, angles, angle-measuring instruments, angle reading methods, angle types, measurement and calculation of horizontal and vertical angles, cartesian coordinate systems and basic geodetic problems, traversing, establishment and measuring of traverse points, surveying benchmarks, traversing computations, coordinate summary tables, traverse sketches, surveying field practice.

GGY207 Management and Organization (3-0) 3
Theories of management and organization, function of the management (planning, organizing, stuffing, coordinating, controlling and budgeting), management and manager concepts and definition, basic characteristics of management process and its importance for businesses, comparison with similar concepts, development of management science, modern management trends, management thought and organization theory, comparison and evaluation, management system, decision making in management: authority and power concepts and its characteristics, organizational concept: characteristics, principles, organization process and comparison with planning process, partitioning, staffing: characteristics, staffing process, orientation, organizational behavior and leadership, changing in classical approach from day-to-day organizational structures, comparison, coordination, control, characteristics, control process.

GGY209 Local Governments (3-0) 3
The conceptual framework, state, unitary state, federal state, regionalized state, centralized management, localized management, deconcentration, delegation, power of administrative tutelage, local autonomy, fiscal autonomy, political autonomy, theories of the local government, the historical development of local governments, the analysis and comparison of local government and urban management systems, the European Charter of Local Self-Government and Turkey, local governments in Turkey, municipalities, metropolitan municipalities, provincial private administration, village administration, current problems and developments in local government system.

GGY211 Business Finance (3-0) 3
Objective and conceptual framework of financial management, financial statements and analysis of financial statements, management of business capital, market interest rates, short-term financial planning, time value of money and applications, cost of capital, capital structure, capital budgeting and investment decisions, profit distribution, determination of value of assets, financial failure in businesses, long-term financial planning, business growth and shrinking, portfolio theory, time value of money tables.

GGY213 Construction Materials (2-2) 3
Physical, chemical, mechanical properties of materials (water absorption, freezing and thawing, compression strength, erosion resistance), bindings and properties (cement, lime, gypsum, bitumen, mortar, natural building stones, adobe, brick, briquette, gas concrete, concrete and mixture elements), concrete classes and properties (aggregate, concrete admixture, reinforced concrete, reinforced concrete steel), structural steel and properties (profile, flat, plate, bolt-rivet, seaming), wooden materials and properties (structure timber, laminated wood, oriented strand board, particle board, fiberboard), roof covering materials and properties (roof tile, shingle, fibre-cement sheet, panel, polycarbonate, anchor, zinc, copper, lead), insulating materials and general properties, water insulating materials and properties (polystyrene sheet, fiberglass, rock wool), polyurethane sheets and properties, coating materials and properties, suspended ceiling materials and properties, curtain wall materials and properties, evaluations considering properties of construction materials in the context of their place of use.

IInd YEAR IVth SEMESTER

YDA202 Basic Foreign Language IV (German) (4-0) 4
Basic German grammar: tenses and areas of use, the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

YDF202 Basic Foreign Language IV (French) (4-0) 4
Basic French grammar: tenses and areas of use, the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

YDİ202 Basic Foreign Language IV (English) (4-0) 4
Basic English grammar: tenses and areas of use, the most commonly used patterns in everyday conversation, simple reading texts, ability to ask questions about these texts and answer the questions.

GGY210 Urban Economics and Management (3-0) 3
Urban economics, urban management, development, rural development, local development, sustainable development, urban systems and urban hierarchy (central place theory and hierarchy of central places), economic theories and urbanization process, location selection of settlement areas and economic principles, urban structure theories, optimal city scale, congestion and pollution, theories of urban economics and economies of scale, urban land supply and demand, rent theories, historical development process of cities, types of cities: smart city, slow city, global city, attractive city and shrinking cities, actors and tools of urban economics and management, urban transportation, urban infrastructure, housing problem and policies, urban financial structure, review of social classes and gender, education and inequality, urban poverty, crime and punishment and environmental issues in urban areas.

GGY206 Land Surveying II (2-2) 3
Tacheometry, surveying principle of tacheometry, classical and electronic tacheometers, tacheometric surveys, drawing tacheometric surveying sketches, evaluation of measurements collected with classical and electronical tacheometers, height concept, definitions, orthometric and ellipsoidal height, geoid undulation and the other scientific height definitions, height measurements, digital levelling instruments, differential levelling, trigonometric levelling, cross-section measurements and calculations, volume computations, coordinate systems and map projections, GNSS Global Navigation Satellite Systems, creating Large-Scale maps and plans, photogrammetry, application of land-use and zoning plans, surveying field practice.

GGY214 Building Information and Cost Analysis (2-2) 3
the definitions regarding constructions, and related legislation provisions, classification of constructions according to their service goals, location, load-bearing system materials (masonry, reinforced concrete, wood, steel), load-bearing systems (masonry, frame, plate, beam filling), quantity survey and materials takeoff of the construction projects for the foundation, walls, floor, roofs, columns and beam, estimating the cost of the constructions by using several methods including the unit price. Building Information Modelling (BIM) and the role of BIM in cost estimation, controlling the cost using BIM, using BIM as collaboration tool for large projects, using BIM for managing the design alternatives, using Autodesk REVIT for modelling the buildings, modelling foundations, columns, beams, slabs, roofs, walls, and the material, materials takeoff and bills of quantity using REVIT, cost analysis and evaluations of sample real estate projects by comparison of the results of different cost estimation methods and the level of deviation.

GGY216 Cadastral Knowledge (2-2) 3
Definitions and concepts, historical overview of cadastre, the type and content of the cadastre, cadastral works in Turkey, cadastral system formed in the context of cadaster and land registration laws, organization and responsibilities of General Directorate of Land Registry and Cadastre, cadastral system formed in the context of cadastral laws and regulations, cadastral ownership relationship, principles of the land registry system, classification of real estate, cadastral surveying, cadastral drawing, cadastral mapping indexing system, the finalization, maintenance and error correction of the cadastre, cadastre change processes, update of cadastral works, transactions in LİHKABs (licensed land surveying and cadastral offices), allotment and amalgamation, creating building lots and renunciation for road, creating an easement, parcelling, restriction maps, expropriation maps.

GGY212 Mathematics of Finance (2-2) 3
Scope and content, descriptive statistics, rate and percentage analyzes, series and features, interest theory: market interest rate and analysis of its components, interest concepts and usage areas, effective interest, interest-inflation relation and real interest, simple interest transactions, definition of discount and simple discount transactions, compound interest and transactions, Definition and operations of compound discount, installment (annuity): definition, transactions and types, basic capitalization equality and use, business risks and their classification, activity, financial and compound leverage and its effects, debt (loan) amortization: residential and commercial lending amortization plan securities valuation: types, definitions and scopes of securities, bond valuation, valuation of shares, case studies and discussions, fixed asset investments and introduction to capital budgeting, methods of depreciation calculation and their effects, fixed asset investment and project valuation requirements in real estate and construction sectors, case study analyses.

GGY218 Rural Economics and Rural Area Management (3-0) 3
Concepts and scopes, land – human relations in the historical development process, development of economic activities, development of land use and property rights, property rights and land usage in the Seljuk and Ottoman Empires and the Republic of Turkey, approach to land and natural resources in the history of economic thoughts, primary and secondary sectors and their scope, evaluation of the Industrial Revolution, Agriculture (Green) Revolution and Biotechnology Revolution and their socio-economic impacts, analysis of rural area concept and criteria, analysis of rural area identification criteria at major international institutions and in Turkey, analysis of the resources, advantages and/or disadvantages of rural areas, basic characteristics of rural areas, economic and social activities in rural areas: agriculture, tourism, rural industry and other activities, rural infrastructure, rural investments, savings and capital formation, relations between growth, development and capital accumulation, financing of rural activities, rural settlements and influencing factors: transformation and transition of settlements, rural settlement order and approaches, settlement planning and organization, rural development: basic strategies, approaches and problems, supports and incentives, rural labor market and social security, rural development institutions (public and civil society organizations), agriculture and rural development relations, sustainable rural development, rural area management: local organizations and their management, public institutions and civil organizations, land resources and management in rural areas, public services for rural areas, relations and interaction between public and private institutions, problems and solutions.

GGY220 Debt Law (3-0) 3
Concepts of debt and debt relations, sources of loan, contract concept and establishment and format of contracts, states of will disorder, representation, the concept of tort, concept of unjust enrichment, performance of obligation, place of performance, time of performance, non-performance of obligation, perverseness and consequences, joint indebtedness, end of debt, foreclosure and lapse of time.

GGY200 Internship I (Minimum 50 Business Days)
Practical knowledge and professional experience in all areas related to real estate studies, especially in fields such as property, cadastre, development, construction, use, valuation, development, management, and finance, establishing contacts with market actors and de facto recognizing market actors, analysis of expectations in career life, ensure that students discover employment opportunities, make realistic career plans by understanding institutions and markets and adapt to team work.

IIIrd YEAR Vth SEMESTER

GGY301 Real Estate Law I (3-0) 3
Concepts of right and absolute right, real rights, goods and their types, the concept of real estate, the principles that govern real rights, types of real rights, possession, transfer of possession, preservation of possession, situations in which possession is important on real estate properties, the concept of title deed registry, the principles governing the title deed registry, the elements of the title deed registry, title deed registry transactions, registration and abandonment, Turkish Civil Code Article 1023 and its application, the responsibility of the state in keeping the title deed registry, commentary and types, declarations and their functions, enforcement of the registry cases, registry correction order cases.

GGY303 Zoning Law (2-0) 2
Development planning and basic concepts, development law concepts, development plans, development planning process: preparatory procedures, planning hierarchy, authority and coordination, procedures and forms of planning, approval of plans, alteration or amendment of plans, legal, economic and social consequences of plans, implementation of development plans, development and main types of zones, parceling operations and supervision, building construction and use permits, building supervision and organizations, building bans, planning for conservation purposes, development planning in areas with cultural and natural assets, rehabilitation/development plans in slum prevention areas, urban transformation projects, environmental planning, development planning in disaster areas, development planning and applications in the Bosphorus, national parks, tourism development areas and special environmental protection areas, perspective of the constitutional and administrative judiciaries on the implementation of development, plan types, planning tools, analysis of competent institutions in planning, basic problems of development law and solutions.

GGY305 Principles of Marketing (2-0) 2
The concept, scope and development of marketing, modern marketing management, marketing management and environment relation, strategic marketing and the role of marketing, business mission and objectives, portfolio creation, marketing information system and marketing research, market concept: consumer market and consumer behavior, industrial (organizational) market and industrial buyer behaviors, market segmentation, fundamentals of market segmentation: psychological, demographic, geographical, behavioral segmentation, target market selection, market targeting, market positioning, the concept of promotion, decisions of promotion, product concept, product types and characteristics, product mix decisions, product life cycle, price, pricing policies, pricing methods, distribution decisions, agents, distribution channel design, promotion, the concept and importance, the process of establishing the promotional mix, advertisement, public relations, personal sales, sales promotion, service marketing, electronic trade, marketing management and international marketing.

GGY307 Introduction to Facility and Resource Management (2-2) 3
Concept and scope of facility management; basic concepts and limits of facility management; facility management principles and approaches; market potential development for facility management; the concepts of immovable, real estate, facility and resource management: differences and/or similar aspects; strategic and operational facility management; facility management application areas: main application areas in public and private enterprises; building costs and construction costs; construction use costs in the standards; cost examples; Benchmarking; modern and time-sensitive property management; acceptable operating costs; the effects of the cost factor on business process; analysis of major real estate business models and facility management requirements in commercial and residential areas; technical principles and practices of facility management; relations of facility management with infrastructure investments; management of commercial enterprises and the role of facility management firms; sample projects and facility management approaches of institutions; analysis and evaluation of successful sample applications; International Facility Management Association (IFMA) standards and analysis of practices in Turkey.

GGY309 Real Estate Investments, Project Development and Appraisal (2-2) 3
Investment and project concepts, investment types, project development, project cycle, importance and features of investment projects, project planning and programming techniques, classification of investment projects, project appraisal: economic, financial, technical and environmental appraisal and evaluation, legal structure, the basis of project appraisal and finance, resources to be used in project finance, preparation of financing plans, cost of capital, calculation of project cash flows, project appraisal methods: payback period, profitability ratio, present value analysis, cost-benefit analysis, discounted payback period, discounted cash flow analysis, internal rate of return and modified internal rate of return, real options, economic appraisal criteria, financial modeling and project appraisal, risk and uncertainty and project appraisal process, effect of inflation, appraisals in public and private sector projects, development of housing, commercial real estate, mixed used real estate, infrastructure projects and appraisal studies, application and control of investment projects, project management and auditing.

GGY311 Land Use Planning (2-0) 2
Scope and objectives, economical and technical properties of land, status of land use and ownership, land resources management and managing institutions, fundamental legislations, land use suitability and land conservation, sustainable land use, land use planning and applications, land evaluation and basic concepts and processes, land classification methods, databases, modelling, remote sensing and using Geographic Information Systems in land use planning, assessment of implementations and sample project analyses in Turkey.

GGY313 Natural and Cultural Conservation Areas and Management (3-0) 3
Scope and objectives, utilization of natural and cultural areas for conservation purposes, planning approaches for conservation and system planning, legislation for conserved areas, different types of conserved areas, conservation area management, land improvement, conservation examples from Turkey and other countries, classification of conserved areas in Turkey, different type of conservation implementations for different types of conserved areas, authorized institutions and assessments of implementations, real estate management in conserved areas, land tenure problems, court decisions and implementation analysis, management models of conserved areas, management instruments, comparative analysis of World and Turkish examples, assessment of conservation area strategies and analysis of implementation problems.

ETK301 Scientific, Social and Cultural Activities (0-0) 0

The course consists of science, art, culture and sports activities organized by universities or different institutions. There are 5 different activities in the course. These activities are; University Activities, Scientific Activities, Culture and Art Activities, Sports Activities, Community Service Activities.

Program Elective Courses Group

GGY331 Regional Economics and Regional Development Policies (3-0) 3
Definitions of region, analytical techniques of regional economics, economic base studies, regional and interregional input-output analyses, location theory, factor analysis, regional development approaches, spatial theories of the new economic geography approach, new economic geography and regional development relationship, regional integration, factor mobility, bulk economies, the emergence of new cities, industrial clusters, regional policies, tools of economic development policy, regional development agencies: objectives, organization, budget and activities, examples of various development agencies, growth theories, regional growth theories: historical perspective, regional growth and trade in the new economic geography, internal growth theories, development theories, human capital and regional development, infrastructure and regional development, R&D externality and regional development, sustainable development and regional growth, effect analysis: indirect and stimulant effects, Keynesian income-expenditure approach, applications of regional multiplier analysis, regional econometric models, the need to measure regional economic performance, Shift-Share analysis, input-output method, regional applications of input-output analysis, new developments in regional modeling, concentration, industrial clusters and industrial cluster analysis, regional policy tools, local development: small and medium-sized enterprises and the effects of technological progress.

GGY333 Site Selection and Settlements (3-0) 3
Human settlements: changes in production, trade and population before Industrial Revolution, industrialization and changes in economic structure, post industrial process of metropolitanization, historical roots of settlements in third world countries, socio-economic and structural properties in third world countries, economic operations and site selection: transportation operations, transportation costs, elements and decisions of selection of establishment site, elements of establishment site selection for industrial units, site selection for public operation units, sizeable investments and environmental change, external gains and clustering, site selection for rural and urban settlements, analyses of site selection and criteria for urbanization and construction projects, factors controlling the site selection, residential analyses technics, interaction between geological environment and civilization, natural hazards i.e. earthquake, flooding, landslide, rock fall and tsunami, geological and geotechnical investigations for settlement analyses, site selection for dams, nuclear plants, tunnels, hydroelectric power plants, shopping malls, motorways, highways, metro and airports, planning of land use, assessment of the regulations relate to the site selection studies and assessment of implementation projects.

GGY335 Energy Economics, Trade and Law (3-0) 3
Concepts of energy and energy economics, historical development of energy, historical background: energy, industrialization, development and environmental relations, classification of energy sources, oil, gas, coal and electricity markets, renewable energy markets, clean energy technologies and environmental markets, energy demand analysis and management, energy supply and supply management, energy trading and portfolio management, energy and environment interaction, use of energy resources and macro view, analysis and financing of energy investments, energy trading: tariffing and pricing, liberalization and competition conditions, energy cost analysis, derivative energy markets, global energy potential, global energy markets, the energy resources, use and exchange of countries and regions in medium and long term, basic energy indicators, analysis and modeling of energy policies, energy and economic growth, energy and environmental models, global warming and climate change, carbon trading, Turkey’s energy markets: status, organizations and developments, production of energy, transmission, distribution and retail sales processes, evaluation of energy institutions and bodies from a legal point of view, energy legislation, analysis of Turkey’s energy policies: basic problems, limitations, incentives and the current state and future of the energy balance, energy investment model examples and case studies.

GGY337 Land Resources, Land Degradation and Conservation Practices (3-0) 3
Planning of land resources, land consolidation, land levelling, watershed management, soil surveying and mapping, types and properties of soil maps, interpretation of soil maps in terms of land capability and arability, soil physics, irrigation systems, definition of erosion, causes of erosion problems, mechanics and types of erosion, runoff calculation methods, prediction of soil losses by water erosion, soil conservation measures, soil tillage techniques, fertilizing equipment and regulations, direct plantation and other conservation agricultural applications.

GGY339 Application and Surveying (2-2) 3
Concept of application, application of horizontal points, Linear application, applications of horizontal angles, application of heights, three dimensional applications, application of parcels, application of horizontal curves, application of vertical curves, application of buildings and TUS, application of infrastructure projects, concept of error in application, introduction to measurement and drawing techniques for the determination of the specification of buildings in two and three dimension, field study in real environment, transfer and plotting of the dimensional measurements of existing buildings to AutoCAD architecture software.

GGY341 Land Ownership and Land Tenure Systems (3-0) 3
Land tenure systems and features, land tenure problems, theories, facts and best practices, relation between development of the country and land resources, land ownership: historical development, relationship between economic thoughts and analysis of development in Turkey (laws, institutions and the status of foreigners), ownership regimes: public and social ownership systems and practices, private ownership systems, traditional forms of land use, illegal land uses, the vertical and horizontal extent and boundaries of ownership rights, supply of land resources and basic affecting factors, land demand and influencing factors, land market: market characteristics, competition and price formation, value-price relationships, rural and urban land management: purposes, analysis and capacities of responsible and competent institutions, usage forms: land use and regulation by property, rent, sharecropping and other means, implementations of major land use systems in different countries, positive/negative effects of usage patterns, analysis of legal arrangements and institutions related to the forms of ownership and use, evaluation of land use patterns and analysis of opportunity cost relationships: agriculture, forest, pasture, sports and recreation, residential, infrastructure and others, examination of planning, taxation and employment effects, land use and environmental protection: effects of uses on environmental assets, land use and climate change, analysis of the economic effects of land misuse and natural environmental destruction, changes in land ownership and usage systems and their analysis: census results and analysis of administrative data, disputes in land use, gender equality, migration, inter-sectoral approach and improvement of agricultural development and living conditions of rural dwellings, land governance and title deed procedures, exchange of property and effects, land acquisition by foreigners: comparative analysis of Turkey and selected country examples.

GGY343 Banking (3-0) 3
History of banking, the place of banking in the economy, financial market concept, bank types: central banking, organization, members and independence of Turkish Central Bank, investment and development banking, participation banking (Islamic Finance), commercial banking, organizational charts, classification and legal basis of deposit and banking services, Savings Deposit Insurance Fund (TMSF), lapse of time, opening of accounts, interest, money transfer, safe deposit box, check transactions, endorsement, check types, withdrawal, bill collection procedures, basic credit information, crediting principles, guarantees, corporate loans and types, letters of guarantee, individual loans: definition, types, conditions of application, repayment and risk monitoring, the functioning of the credit card system, rights and obligations, limits and electronic banking, international banking, services offered, organization, auditing in banks, risk management in banks, risk types, risk measurement and analysis, asset and liability management in banks and related general concepts, foreign currency transactions, foreign trade transactions and forms of payment.

IIIrd YEAR VIth SEMESTER

GGY302 Real Estate Law II (3-0) 3
General characteristics of the right of ownership , scope of ownership, the content of the right of ownership, types of ownership and co-ownership, joint ownership, shared ownership, ownership restrictions, distinctions and types of restrictions arising from contracts and law, types of limited real rights, servitudes and distinction of rights based on persons and goods, right of usufruct, right of building, hypothec and scope of hypothec, order in hypothec, order in limited real rights, hypothec types.

GGY306 Investment Strategies and Strategic Planning (2-2) 3
Investments, types of investment, and their characteristics, emphasizing how and why institutions and individuals invest, economic analysis and approaches for making decision in real estate, facilities and movable investments, legal, financial, and organizational components of investments, classifications of property investments, traditional real estate and facility investment analysis, factors of real estate and facility investment and analysis, practices of real estate development and appraisal: financial (commercial) profitability, economic assessment, social and environmental analysis, appraisal of private and public projects, project appraisal and risk management under the risk and uncertainty, risk management instruments, valuation and reporting standards of international institutions (RICS, TEGoVA, the World Bank, EBRD, IDB, ADB and etc.), money and capital markets: definitions, content, activities and institutions: public and private institutions and their functions, joint stock companies and their capital structure, investment trusts and funds, capital market instruments, stock market, futures, bond market, valuation of securities, fundamental analysis, investment strategies: portfolio creation and effective management techniques, risk-return relationship, and portfolio management, firm appraisal: methods and practices, strategic analysis of real estate and facility projects: development project model, analysis of project site, site selection techniques, spatial and environmental analysis, demand analysis, market research models, competition analysis, SWOT and PESTEL analysis, target group, project mix, facility requirements programming techniques for best use, shareholders and risk analysis, cost and income analysis, analysis of financing structure, organizational structures, strategic development plans and practices in real estate and facilities, practices and presentations of real estate and facilities plans.Types of investments and their characteristics, emphasizing how and why institutions and individuals invest, economic analysis and approaches for making decision in real estate, facilities and movable investments, legal, financial, and organizational components of investments, classifications of property investments, traditional real estate and facility investment analysis, factors of real estate and facility investment and analysis, practices of real estate development and appraisal: financial (commercial) profitability, economic assesment, social and environmental analysis, appraisal of private and public projects, project appraisal and risk management under the risk and uncertainty, risk management instruments, valuation and reporting standards of international institutions (RICS, TEGoVA, the World Bank, EBRD, IDB, ADB and etc), money and capital markets: defitions, content, activities and intitutions: public and private institutions and their functions, joint stock companies and their capital structure, investment trusts and funds, capital market instruments, stock market, futures, bond market, valuation of securities, fundamental analysis, investment strategies: portfolio creation and effective management techniques, risk-return relationship, and portfolio management, firm appraisal: methods and practices, strategic analysis of real estate and facility projects: development project model, analysis of project site, site selection techniques, spatial and environmental analysis, demand analysis, market research models, competition analysis, SWOT and PESTEL analysis, target group, project mix, facility requirements programming techniques for best use, shareholders and risk analysis, cost and income analysis, analysis of financing structure, organizational structures, strategic development plans and practices in real estate and facilities, apractices and presentations of real estate and facilities plans.

GGY304 Inheritance Law (2-0) 2
Heritage and inheritance concepts, legal heirs, grouping system, inheritance of surviving spouse, hidden share concept and hidden inheritors, disposition by testament and its forms, types, scope, validity, cancellation, tenancy, partnership and joint ownership in inheritance, heritage passage, heritage sharing, inheritance sharing contract.

GGY316 Title Deed Legislation and Applications (2-2) 3
Information about land registry legislation, laws related to real estate legislation, land regime of Ottoman Empire, period of land registry law, the period before the land registry law, the period after the land registry law, old land registries, abstract of title, possession without title, 1515(TR) numbered law, 2644(TR) numbered Land Registry Law, 2510(TR) numbered Settlement Law, 442(TR) numbered Village Law, duty and powers of village legal personality, village goods and possession, 5737(TR) numbered Foundations Law and applications: foundations varieties, foundations goods, processes of title deeds with foundation specification, 775(TR) numbered Shanty Law, land allocation, 1164(TR) numbered land office law, process of buying and selling land, 2863(TR) numbered Law Of Conservation Of Cultural And Natural Assets, 3083(TR) numbered land readjustment in irrigation areas and agrarian reform law, ownership and real rights, definition of ownership and types, comparing the shared ownership with joint ownership, scope of ownership right, differences between supplemental part with fixture, rights that must be noted in title deed, separate and constant rights, limited real rights, easement rights, usufruct right, right of construction, right of source, real estate obligations, selling, donation, bartering, partition, heritage alienation and support for life, pledge of real estate, end of real estate pledge and encashment, hypothec, hypothec facilitation and end of hypothec, mortgage debt bond, annuity charge bond, rights that must be commented in title deed, right of pre-emption, buying, right of repurchase, return rights, lease agreement, preliminary sales contract, servitude and ownership, definition of the rights of time share and characteristics, importance and components of contract, rights of the ownership of time share and obligations.

GGY318 Urban Land Readjustment (2-2) 3
Necessity of urban land and urban land readjustment, basic concepts of urban land readjustment, planning, socio-economic and spatial planning, development plans, planning process, planning zones, evolution of Turkish development plan legislation: legislations in pre-Republican, 1923-1985 and after 1985 periods, specific purpose laws and regulations: examination of Law No. 775 (Shanty Law), Law No. 2981 (Processes Applied On Buildings Breaching The Legislation of Development), Law No. 6785 (The Law of Change of An Article of Development Law), Law No. 3621 (Coastal Law), Law No. 2960 (Bosphorus Law), Law No. 2863 (Conservation of Cultural And Natural Assets Law), Law No. 5320 (Special Province Administration Law), Law No. 4046 (Privatisation Law), Law No. 3194 (Development Law), and all related regulations: general conditions, development plan principles, allotment and amalgamation processes, general conditions of land readjustment, implementation principles of land readjustment, preparation of subdivision (parcelation) maps, preparation of reallocation charts, evaluation of implementation consequences, analysis of court decisions, compare of area based and value based development planning studies, sample project preparation and presentation.

GGY320 Construction, Tendering and Contract Law (2-0) 2
The concept, establishment and types of contracts, characteristics of contracts and rules to be applied, work contracts and types, construction of planning and architectural projects and ownership of works, the intellectual property rights of planner and architect on plan and design, modification/amendment of work and request for compensation of the author, work contract, establishment of building contracts in exchange of building units: elements, legal qualities and practices, revenue (income) sharing agreements: elements, legal qualities and practices, duties and authorities of construction supervision bodies, their responsibilities and legal responsibilities arising from special construction works, some special contract types related to construction law: engineering consultancy contract, architectural project development contract, Build-Operate-Transfer contract, Public-Private Partnership Agreement, Right of Servitude (Building) Contract, general liabilities and rights of the contractor in construction contracts, the contractor’s diligence and loyalty obligations in construction contracts and the legal consequences of breaching these obligations, adaptation of lump sum construction contracts to changing conditions, the contractor’s default and legal consequences, the contractor’s responsibility for deficiencies in the work (construction), the construction owner’s liabilities and rights in construction contracts, responsibilities of parties arising from additional works and work changes in construction contracts, termination of construction contracts by reasons other than contractor’s default, adaptation in construction contracts, subcontracting concept, subcontracting contract, tendering legislation and tendering of construction works: Public Procurement Code, Analysis of Public Procurement Law Contracts and Regulations, principles governing public procurement law, the concept of tender procedure and contracts, and elements and types of administrative processes, formation and duties of tender commissions, guarantees on tenders, submission of proposals and awarding contracts, tender process, breach of law in tendering procedures, cancellation and enforcements of the tender, complaints on tenders, objection complaints in tender, the level of construction progress and the regulation of entitlements, level of construction progress and work program analyzes, liquidation of business and legal aspects, judicial review of tenders, analysis of real estate purchasing and leasing operations and legislation, planning, architectural project, construction, tendering and contracting judicial decisions and discussion of implementation problems.

GGY322 Land Consolidation (1-2) 2
Agricultural businesses and their properties in Turkey, analysis of land economics and ownership, land fragmentation, analyses of causes and results of land fragmentation, applications of agrarian and soil reforms, definition and scope of land consolidation, the analyses of relevant legislations and implementing institutions, stages of consolidation projects, consolidation implementation methods and principles, analysis of land rating and used indices: scope, calculation methods and influences, consolidation practices and their results, land classification methods, comparison of pre-and post-consolidation states and impact analyses, exemplary project analyses, registry folder and processes of title deed, examination of applications, rural settlements and infrastructure planning and implementations, sample project analyses and evaluation of results.

GGY300 Internship II (Minimum 50 Business Days)
Practical knowledge and professional experience in all areas related to real estate studies, especially in fields such as property, cadastral, development, construction, use, valuation, development, management, finance, establishing contacts with market actors and de facto recognizing market actors, analysis of expectations in business life, ensure that students discover employment opportunities, make career plans realistically by understanding institutions and markets and adapt to team work.

Program Elective Courses Group

GGY332 Introduction to Project and Construction Management (3-0) 3
Construction industry, concept of sustainable and green buildings, contract types, fixed price/lump sum, unit price, project delivery methods, deign-bid-build, design-build, integrated project delivery, build-operate, build-operate-transfer (BOT), public private partnership (PPPs), the role of construction manager, the project in all the phases: the concept phase, planning phase, design phase, construction phase, facility operating and management phase, closing phase, sustainability and safety management in construction, building information modeling (BIM) in construction projects, projects work breakdown structure (WBS), projects organizational breakdown structure (OBS), projects job logic, Gant chart, critical path method (CPM), PERT, activity on node (AON), risk allocation and planning, risk management, risk minimization, the role of technology in project scheduling, project scheduling using primavera, cost controlling using primavera resources management using primavera, analysis and evaluation of the management models of major real estate development projects. overview of the construction industry, concept of sustainable and green buildings, contract types, fixed price/lump sum, unit price, project delivery methods, design-bid-build, design-build, integrated project delivery, build-operate, build-operate-transfer (BOT), public private partnership (PPPs), and other models, the role of construction manager, the project in all the phases: the concept phase, planning phase, design phase, construction phase, facility operating and management phase, closing phase, sustainability and safety management in construction, building information modelling (BIM), projects work breakdown structure (WBS), projects organizational breakdown structure (OBS), projects job logic, project management, Gantt chart, activity on node (AON), critical path method (CPM), PERT, risk allocation and planning, risk management, risk minimization, the role of technology in project scheduling, project scheduling using primavera, cost controlling using primavera, resources management using primavera, analysis and evaluation of the management models of major real estate development projects.

GGY334 Disaster Management and Policies (3-0) 3
Disaster concept and disaster management, identification of disasters and their effects, identification and fighting against disasters such as earthquakes, floods, landslides and tsunami, the effects of disasters on sustainable development, disaster management cycle: formation and areas of disasters, the works of officials and/or authorized bodies, identification and elimination/reduction of consequences and effects of disasters, settlements where disasters occur and effects of disasters: examination of impacts on rural and urban areas in terms of population density and damage, destructive consequences of disasters and impact analyses, resilient cities and their analyses, identification of measures to be taken by the central and local authorities in settlements, analysis of major disasters affecting settlements: earthquake, size and severity of earthquakes, seismicity in the world and in Turkey, earthquake hazard maps, ground and building interaction, floods, landslides, tsunamis, disaster mitigation works in the world and in Turkey, analysis of legal regulations that must be observed in buildings against earthquake risks, earthquake disaster management institutional structures in selected countries, organizational disaster management structure regarding earthquakes in Turkey, coordination in disaster management, evaluation of the activities of Emergency and Disaster Coordination Centers and Prime Ministry Disaster & Emergency Management Authority, and other institutions with roles and responsibilities in this area, Istanbul case and policy analysis within the scope of disaster management.

GGY336 Watershed Management (3-0) 3
Dynamics of land use and land cover, bio-geo-climate and land cover classifications, diverse land uses (i.e., forest, preserved areas, grazing land, agriculture, mining, urban and industrial settlements), biophysical capacity of environment, ecological compatibility analysis, adaptable ecosystem management, the best management practices for diverse land uses, watershed concept: evolution, history, types, watershed as planning and management unit, phases of watershed planning, analysis – synthesis – evaluation – decision making – monitoring, data collection and analysis, geologic, geomorphologic and hydrologic structure, climate, soil properties and vegetation, socio-demographic structure, population and consumption patterns, land use and cover, point and non-point source pollution, waste sources, water quality classifications and assessments, administrative and legislative structure, the effect of municipal and regional properties on watersheds, planning and management of watershed development, socio-economic structure, integrated and participatory watershed management, national and international experiences, environmental degradation, mitigation strategies and scenarios (flood and erosion prevention, water pollution control and monitoring, rangeland reclamation, forest management, urbanization and industrialization control and planned development), samples of watershed planning, local people participation and coordination of institutions, measurement of performances with environmental monitoring tools.

GGY338 Paleography and Property Ownership in Ottoman Regime (3-0) 3
Presentation of different types of documents in Ottoman archives, general presentation on the Prime Ministry General Directorate of State Archives Ottoman Archives Department and archive resources, introduction of the tradition of records and cadastral records books in the Ottoman State, introduction of detailed records books, introduction of compendium books, introduction of foundation books, introduction of daily books, introduction of mission books, introduction of castle books, introduction of flag directing books, other archives related to the history of the New Age and the introduction of the sources in these archives, analysis of land ownership in the Ottoman period: development of the property system, basic legal regulations and practices, property system and economic situation analysis.

GGY340 Organizational Behavior and Leadership (3-0) 3
The foundations of organizational behavior (definition, importance, approaches and assumptions), concepts of management, manager and organization, classical management and organization approach, behavioral (Neo-classical) management and organization approach, modern management and organization approach, postmodern management and organization approach, organizational communication (definition, importance, types, organizational structure and communication, natural communication), personality, cognitive learning, social learning, perception, job satisfaction, attitudes and attitudes towards work, group and team, contact, motivation, business design (definition, precaution, techniques, job rotation, business expansion and enrichment and behavioral relationship), organizational change (definition, importance, types, planned change process, planned change and change resistance, definition and prevention), organization culture, leadership (definition, importance, leadership theories and current approaches to leadership), the influence of creativity and creativity on organizational behavior, the basis of leading behavior, leaders and job satisfaction, leader and values, leaders and decision-making process, power, politics and leadership, leadership approaches and motivation theories, performance improvement: motivation and performance, motivation and leadership, conflicts and conflict management, the impact on performance of the roles of leaders in conflicts and mediation, stress and stress management, time management, global and international approaches.

GGY342 Risk Management and Insurance in Construction and Real Estate Sectors (3-0) 3
Basic concepts and introduction to risk management, basic principles of risk management, measurement and evaluation of risk, financial risk management and derivative markets, risk and return relations and obtaining the beta coefficient, portfolio models: effective portfolios, capital asset pricing model (CAPM), multi-indexed models and applications (arbitrage pricing model), value at risk (VaR), fund performance appraisal and risk management tools and practices, construction insurances, all-risk insurance for all types of infrastructural projects, building completion insurance, insuring real estate: residential and other real estate insurance applications, analysis and insurability of the risks of residential and commercial real estate, case study: fire risk analysis in cities, land zoning and insurance applications and requirements analysis in Turkey.

GGY344 Mediation and Dispute Resolution (3-0) 3
Negotiation and mediation concepts and usage areas, analysis of the need for negotiation and negotiation techniques, human relations and communication, theoretical approaches, conflict resolution and mediation process, ethics of mediation, conflict resolution theory and mediation, legal arrangements and areas of application for mediation, seeking mediation before and during trials, the preparation of the agreement at the end of the mediation process and the legal nature of the agreement, major dispute issues in real estate and construction sectors and the need for mediation, analysis of legislation and judicial decisions, international mediation standards (approaches of the RICS and other organizations) and their applications.

IVth YEAR VIIth SEMESTER

GGY401 Real Estate and Asset Valuation I (3-2) 4
Concepts of value and valuation (appraisal): historical development, scope and relation with economic concepts, analysis of the development process of real estate and asset valuation science, value theory: value, price and cost theories, their formation and relationships, concepts and relations of economic rent and value, real estate, asset valuation and project appraisal principles in developed and developing countries, the importance of valuation studies and analysis of their application areas, valuation criteria and application areas in the Turkish Legal System, the nature and significance of valuation studies, analysis of valuation process: data collecting, data sources, data collection methods, data analysis and reporting, fundamental (traditional) valuation methods and applications: income methods, cost methods, market methods and mixed methods, rural land and urban plot classification and appraisal criteria, land valuation and applications by different methods, urban plot valuation process and applications, building valuation procedures and applications, review of market conditions and the effects of available data sources on method selection, valuation applications: purchase and sale, credit and housing financing (loan), expropriation, establishment of limited real rights, taxation insurances, appraisals for compensation and other purposes and case study analyses.

GGY403 Financial Analysis Techniques (2-2) 3
The concept of financial analysis and factors determining the success of analysis, the purpose, principles and explanations of regulating financial statements, uniform accounting plan, balance, general exact trial balance sheet template, income statement, general exact balance income statement template, meaning and significance of supplementary financial statements in terms of analysis, financial analysis techniques (comparative analysis, percentage analysis, trend percent analysis, ratio analysis), cash flow statement, cost of sales statement, net operating capital change statement, profit distribution statement, equity change statement, evaluation of analysis results and the analysis report.

GGY405 Real Estate and Asset Analysis I (0-4) 2
Usage areas of real estate and asset analyses, applied studio work: application of versatile theoretical knowledge on selected cases, such as urban, rural, construction, natural and cultural heritage, land and title, planning, conservation, economics, finance, administration, management and organization, statistics and law, practical analysis of scientific methods and tools for documenting, identifying and analyzing real estate and assets, evaluation of documents related to real estate under the light of multidisciplinary and versatile theoretical knowledge within the scope of application sampling, making analyses from different aspects, preparation of comprehensive and versatile documentation, description and analysis reports on the subject real estate.

GGY407 Valuation and Financial Reporting Standards and Professional Ethics (2-0) 2
Examination of the legislation on independent accountancy and financial consulting and sworn financial consultancy, analysis of legislation on valuation expertise and asset valuation studies, regulations of the International Accounting Standards Board (IASB), International Financial Reporting Standards (IFRS) and Public Oversight Accounting and Auditing Standards Authority (KGK), International Valuation Standards Council (IVSC) and international valuation standards, applications of international valuation standards: USA (USPAP), Canada (CUSPAP), Germany, Netherlands, France and UK valuation standards, The European Group of Valuers’ Associations (TEGOVA) and valuation standards (the Blue Book), Royal Institution of Chartered Surveyors (RICS) and valuation standards, RICS codes of ethics and professional competence (APC), RICS real estate mediation and brokerage standards, International Property Measurement Standards Coalition (IPMSC), Turkish Association of Valuation Experts (TDUB) and Turkish Capital Markets Association (TFPB) valuation standards, analysis and case studies of real estate, asset and company appraisal according to standards, ethical concepts and ethical principles: ethical behavior, unethical behavior, business and professional ethics, valuation code of ethics in Turkey: legislation and practices, financial institutions in Turkey, analysis of ethical problems in real estate and construction sectors.

Program Elective Courses Group

GGY427 Facility Management Practices and Strategies (2-2) 3
Sustainable facility management methods, approaches and major application areas in public and private enterprises with an interdisciplinary point of view focusing, strategic and operational planning of assets, analysis of facility investments, building costs and construction costs, analysis of operational costs and effects, financial analysis regarding portfolio and budget management, risk of facility investments, financial resources, effective use of resources, comparison of resources in terms of cost and risk, determination of appropriate resources and capital structure, introduction to strategic facility planning regarding budgeting, life cycle costing, current situation of facility management technologies and the trends, analysis of the facility management and services operations structure of international organisations in the field including International Facility Management Association (IFMA), British Institute of Facilities Management (BIFM), Facility Management Association of Australia (FMAA), EUROFM as well as the domestic organisation TRFMA located in Turkey, similarities and differences between national and international organizations models, professional life in facility management including ethics, leadership techniques, the requirements, responsibilities of management process as a facility manager selected project examples and facility management approaches of institutions, modern management approaches and sustainability analyses, evaluation of the structure and development trends of facility management businesses in Turkey, the IFMA standards and analysis of practices in Turkey, evaluation of facility management standards and development trends, modern management approaches and sustainability analyses.

GGY429 Introduction to Facility Programming and Design (2-2) 3
Fundamentals of the facility design by focusing on the human-environment relation, design of the facility and its effect on the performance of the facility as LCA part of sustainable approach, service concepts, systems of facility inventory, more suitable design solution by understanding occupancy, use constraints, regulations and incentives, large scale master planning projects, applying the master planning on small scale projects, structure of design team, the latest hardware and software used for facility management, the history and development of the available techniques, overview of BIM/BMS/BAS and related information system softwares (IVSM, CMMS, CAFM and EAM), the difference between the information systems comparing the needs of facilities management (CAFM and IWMS), import and export data for job files, implementation of CAFM and IWMS, usege of BIM softwares (AutoCAD, REVIT, ArchiCAD, etc.) as APFM, manipulating the data, analyzing the data, reporting the information, implementing ISO 41001:2018, CEN and IFMA standards and RICS guide of facility management to discuss the performance of case studies, case study analysis and assessment.

GGY 431 Remote Sensing (2-2) 3
Introduction to remote sensing, history of remote sensing, types of remote sensing: active and passive sensors, elements of remote sensing systems, elements of optical remote sensing, electromagnetic spectrum, electromagnetic spectrum, interaction of electromagnetic radiation with the atmosphere, reflection features of plants: basic characteristics of data and types of resolution in data, airborne remote sensing tools, satellites, positioning, world coordinate geometry, three dimensional systems, plane coordinate systems, map projections, map projections and remote detection relations, projection surfaces, distortions, selection of appropriate map projection, data image preprocessing, image disturbances, radiometric corrections, geometric corrections, terrain and view image transformation, image analysis, visual image analysis, image transformation, image enhancement, histogram equalization, map and image, digital image correction, orthophoto creation, image analysis: analysis methods, visual image analysis, digital image analysis types, classification, supervised classification methods, unsupervised classification methods, change detection analysis and types, object extraction, building extraction, road extraction, creating digital elevation and surface model, land applications and related applications of these applications in real estate science.

GGY433 Introduction to Construction and Real Estate Accounting (2-2) 3
Concepts of construction and real estate, classification of construction and real estate, construction operation establishment procedures, accounts chart creation in construction works accounting, books and documents used in construction businesses, cost calculations and accounting operations in construction companies, real estate accounting, international applications (TMS-11 construction contract standard), tangible fixed assets, investment real estates and accounting, minimum workmanship in special building constructions, minimum workmanship and sample question solutions in contracted construction works.

GGY435 Credit Rating (2-2) 3
Definition of rating, historical development, scope of application: rating of issuer and financial instrument, the significance of rating in financial markets and recent developments, current rating agencies and notations they use, rating process and related concepts: scoring, rating, methodology, validation, cumulative default rates, transition matrix, country ceiling, power of separation, securitization and structured financial instruments, regulations regarding rating activities in Turkey, company rating criteria, basic financial statements and analysis methods, financial failure, rating and statistical methods used, the difficulties of working with financial ratios, types of bonds, valuation and effective duration, loan types and Euro markets.

GGY437 International Finance and Real Estate Investments (3-0) 3
International finance and general framework, international financial system: historical development of the international financial system and expectations for the future, exchange rate systems: the basis of international parity conditions and the characteristics of floating exchange rate regimes, international capital movements, balance of payments, estimation of exchange rates, basic parity conditions in international finance, foreign exchange market, foreign currency futures, foreign exchange option transactions, multinational enterprises, international bond market, Eurodollar and Euromoney markets, international equity markets, hot money economy, US financial system, Financial systems of England, Germany and France, BRIC economies, Asian tigers, Turkey’s socioeconomic indicators and place among developing countries, the structures and activities of international financial institutions (such as the IMF, World Bank, EBRD), the role of international institutions in providing external balance and promoting economic development in associated countries in order to provide financial resources and develop economic policies, globalizing markets, market structure and competition in global markets, international partnerships, the functioning of financial markets, the effect of liberalization, exchange rate risk, features of emerging markets, international real estate investments: real estate acquisition by foreigners and analysis of foreign direct investments, analysis of industrial parks and free zones, commodity and real estate markets.

GGY439 Introduction to Business Valuation (2-2) 3
Collection of valuation data, data analysis and valuation processes, effective market hypothesis, technical and fundamental analyses, free cash flows, analysis of discounted cash flows (net present value), net asset value-book value method, precedent value, functioning enterprise value, market value, liquidation value method, method of dividend payment, pricing models of capital assets, multiple factor models, value correction operations (addition and/or subtraction of certain elements/factors), determination of the total value of the business, risk concept, activities, budgets, and risks of banks, brokerage houses, insurance companies, reasons of risk management, tools used in risk management, concept of rating, rating and risk management, general economy and financial system, capital market law and joint-stock companies law, credit rating and finance, accounting and financial reporting and corporate governance.

GGY441 Housing Economics and Policies (2-2) 3
Definitions, concepts and theories, historical view and change in housing, housing problem and dimensions, housing supply and demand analysis, elasticity and the effects of public policies, market regulation and tools: housing policies in Turkey and selected countries, the environmental effect of housing policies, housing market and management: situation analysis in Turkey and selected countries, discussions, re-organization of the market for different sections, collective structure and management of housing: models of housing, site and resource management approaches, current situation and proposals for the future.

GGY443 Corporate Governance and Internal Auditing (3-0) 3
Corporate governance principles, evaluation of the relations of businesses with management organs, partners, employees, suppliers and the community in the context of equality, transparency, accountability and responsibility principles, elements of transparency and public disclosures that eliminate distorted information between stakeholders, stakeholders and the board, corporate governance index, auditing committee, international internal audit standards, certification, adding value, risk, analysis of corporate governance practices and legislation in public and private sectors.

GGY445 Principles of Real Estate Development (2-2) 3
Real estate ownership and development relationship, analysis of real estate development concept and basic principles, real estate development process and management of this process, review of the process of real estate development from the aspects of planners, owners, local institutions and government, analysis and evaluation of properties of real estate investments, technical, economic, financial and environmental valuation processes and applications of real estate investments, the development and principles of housing projects, development principles and applications of commercial real estate projects: development of office, luxurious residence, retail, accommodation and logistics center projects, case studies and reporting and presentation of results.

GGY447 Construction Cost and Management (2-2) 3
Properties of product and production process in construction sector and introduction to construction projects, preparation process for construction works, and related regulations, business and project management, stakeholders of construction projects, project delivery process, construction contracts and project delivery systems, planning of construction projects and work program: concepts of planning and programming, relationship between planning and programming, planning and programming stages, packaged softwares for preparing work programs, cost planning and control: source management in construction projects (material, equipment, labor force, money, information), quantity survey and budget estimate, cost control, cost analysis on case studies by packaged softwares, unit pricing in construction works, preparation of progress payment reports, investment valuation: payback period, net present value, average annual conversion rate, budget and cash flows, cost estimation: methods for cost estimation of various stages of construction projects, and tools for cost estimation, tender and offer processes of construction projects, building site management, project monitoring and auditing, occupational health and safety for construction, completion of construction projects, comparison of estimated cost and actual cost, determination of cost variance reasons, and analysis of cost reduction management models, cost analysis by case studies.

GGY449 Real Estate and Asset Portfolio, Management and Valuation (2-2) 3
Asset management, modern portfolio theory and portfolio management strategies, investment environment and market players, stock exchanges, portfolio risk and return, optimal portfolio, portfolio management, portfolio creation models, management of pension assets and pension funds, effective portfolio selection, pricing model of capital assets, arbitrage pricing theory, behavioral finance and technical analysis with effective markets hypothesis, real estate sector, real estate markets, real estate and asset valuation principles, stocks, bonds and differences with stocks, usufruct shares and profit and loss partnership documents, financing bills and asset-backed securities, public offering and sale of capital market instruments.

GGY451 Applied Econometrics (2-2) 3
Problem definition, data setup and description statistics, econometric models, model building in real estate, statistical tools for real estate analysis, an overview of regression analysis: statistical inference and the classical linear regression model, further issues in regression analysis: generalizing the simple model to multiple linear regression, linear structures, semi logarithmic structures, parabolic structure, violations of the assumptions of the classical linear regression model, multicollinearity and heterogeneous variance, time series models, forecast evaluation, multi-equation structural models, real estate forecasting in practice, forecasting real estate prices, case study analysis by using Eviews and MATLAB Programming languages and SPSS.

GGY453 Real Estate Market Agents and Public Policies (3-0) 3
The concept of agency in real estate marketing, agent selection criteria and policies, basic principles, types of agents and characteristics, agency management: real estate purchase and sale, rental, consulting firms, brokers and other agents, duties of agents and rights, suitable real estate research, the role of agencies for sale and rental in the market analysis, the analysis of agencies in Turkey and selected countries, rights and obligations of agents after the sale or lease, transactions in Turkish Land Registry Directorates and status of agents, real estate agency branding and franchising, e-agency and re-organization of the market: legislations, analysis of issues and implementations, agency, the relationship between facility management and project development businesses, and changing market conditions analysis, public policy and real estate sector: historical development, liquidity and loan volume relations, land-parcel-construction supply, monetary and finance policy tools and applications, demand analysis in real estate markets, volume of construction and real estate loans and asset effect, relation of economic crises and precautions with construction and real estate sectors, relation between unregistered operations and taxation, comparative analysis of real estate and alternative investment instruments, evaluation of macro policy analyses and their effects.

GGY457 Land Development, Housing and Building Cooperatives (3-0) 3
Historical development of cooperatives and analysis of development of cooperative movement, differences of cooperative businesses from other businesses and cooperative principles, classification of cooperative businesses, functions of cooperatives in the social structure: problems that restrict the contribution of the cooperatives to the country economy and its solutions, establishment transactions and procedures of land and building cooperatives, house-building cooperatives in Turkey, land development cooperatives, small business and industrial site cooperatives, analysis of housing and building cooperatives: land acquisition, development (zoning) practices, construction operations, partnership transactions, duties, powers and responsibilities of the general assembly, audit and management boards, the transfer and registration of parcels and structures to individual ownership, partnership cost and transfer problems, reckoning with leaving/discharged partners, analysis of contributions to goodwill and infrastructure services in cooperatives, real estate operation, culture cooperatives and their tasks in collective structure/site management.

GGY459 Practices of Title Deed Registration I (2-2) 3
Brief history of the title deed, description of title deed, the main and associated registrations and their keeping, the principles of title deed, the real properties to be registered, the rights to be registered, the procedures for formal requests, the procedures to determine the owner of the rights and his/her disposals, the way of issuing formal contracts and their contents, the content and the way of issuing claim documents in the transactions that don’t require any contract, the circumstances where the presence of a witness is required during a contract, the way of executing a contract or issuing claim documents in the residence, the rejection of the request, the register of title-deed, its characteristics, its columns, the way of registering the title-deeds, the main transactions in the register title-deeds, the description of the right of property and its types, cadastral detections and their registries, the contract types that transfer the property, the indications made to the columns of annotations, the annotations of the personal rights, the annotations restricting the right of assignment, the annotations prohibiting the right of assignment, the indications made to the columns of declarations, the description of the right of easement, its types and results, real servitude, the rights of pledge, analyse and application examples of land registry and cadastre information system (TAKBİS)

GGY461 Negotiable Instruments Law (3-0) 3
The subject and scope of the negotiable instrument law, concept and subject, bill concept, the concept of negotiable documents, negotiable document types, policy, checks, check drawing, transfer, other currencies, acceptance, responsibilities of the parties: the responsibility of the drawee, the responsibility of the drawer, the responsibility of the endorser, the rights of the bearer, check: definition of check and bank, drawing, transfer, responsibilities of the parties, submission for payment, crossed check and bank check, applications of negotiable instruments in real estate and construction markets and main problem areas.

GGY463 Land Development Process and Policies (3-0) 3
Urban growth and urban structure theories, outskirts of cities, the concepts of rural-urban peripheries, economic rent theories: evaluation in terms of rural and agricultural use, urban land use, zoning, infrastructure investments and land prices, urban land production, analysis of land policies in Turkey: authorized institutions and analysis of problems, land economics: land development process and related actors, methods of land development: land development by the public, land development by real and private legal entities, land demand and supply relations, price formation, urban land policy and tools, land acquisition methods, land and parcel arrangement: legal nature, technical dimensions and applications, zoning applications on individual request: amalgamation, allotment, road waiver procedures and legal aspects of on-demand procedures, expropriation, exchange, purchase, donation, construction contracts, construction in exchange of land share (storey) contracts, income sharing contracts for sale of land, review of examples of land development process, moving out-of-town policy: green belt, new cities and growth poles, urban management and land resources: analysis of fiscal policy, financing and taxation policies and practices.

GGY465 Environmental and Social Impact Assessment (3-0) 3
Ecological balance and its degradation, nature conservation/ environmental conservation approaches, sustainable development approaches, development of Environmental Impact Assessment (EIA) approaches: definition, historical development, scope, basic specifications and application areas, steps of EIA studies and methods used, the framework and contents of EIA studies, analysis of legal and institutional infrastructure: The European Union EIA Directive, Environmental Law, EIA Regulation, institutional structure analysis, EIA and rural-urban planning relation: the environmental protection approach of existing development legislation, the role and impact of EIA in land management and consolidation activities, EIA studies in selected investment projects: analysis of application examples in public housing, slum prevention, urban transformation and development projects, transportation, energy, pipelines, mining, ports, health and other areas, Evaluation of EIA reports and sufficiency of EIA, Strategic Environmental Assessment (SEA): the basic principles of the SEA and the SEA Directive in the world and the implementation process, the adequacy of the difference between EIA and SEA in terms of environmental protection, Social Impact Assessment (SIA) studies of investment projects: scope, objectives and methods, analysis of current situation in the project area and analysis of economic and social effects of the projects, examination of possible social and economic impacts on the close environment of investments, analysis of the current social and economic structure of the area of activity and its immediate vicinity, identification of social effects of activities, identification of possible adverse effects and examination of significance levels, principles for the identification and implementation of remedial and protective measures of adverse effects, complaints procedure and evaluation, informing the local people about planned activities, organization of public relations work, comparison of pre and post project periods, evaluation of international finance institutions’ approaches and policies for EIA and SIA studies, location and implementation of EIA and SIA activities in the project cycle, analysis and evaluation of selected project samples, Principles of preparation of EIA and SIA reports and report formats required by international organizations (such as the European Union, World Bank, International Finance Corporation (IFC), European Investment Bank, and OPIC) and student presentations and discussions on the sufficiency of EIA, SEA and SIA for environmental protection.

GGY467 Real Estate and Construction Entreprises and Real Estate Investment Trusts (2-2) 3
Individual and corporate real estate investments, institutional investors, mutual funds, investment partnerships, real estate investment trusts, venture capital investment trusts and others, classification and structural analysis of businesses in real estate and construction sectors, the businesses and activities involved in the development of real estate projects, corporate real estate businesses: corporate companies and real estate investment trusts, real estate investment trusts: definition and working principles, establishment conditions, areas and boundaries of investments, types, advantages and disadvantages, practical problems, portfolio management, conditions for real estate project development work and participation in existing projects, establishment of new real estate investment partnership, transformation of existing companies into real estate investment partnerships: analysis of legislation, implementation and management structure, finance of real estate and construction businesses, public investment in real estate investment trusts and corporate companies and analysis of performance in the stock exchange market, development of institutionalization and corporate governance models in the field of real estate and construction.

GGY469 Land Economics (3-0) 3
Land: definition, scope and importance, scope and fields of land economics studies, basic concepts and principles of land economics, the definition and scope of land as a factor of production, the development of the ownership rights, the analysis of the approaches of economics schools to land ownership and use, land resources as a factor of production: analysis of supply, demand, price and economic rent formation, land acquisition for basic land use types and uses, land supply: land existence and types of use, classification and economic analysis of land use patterns, analysis of land demand and affecting factors, population growth, urbanization and change in land use, agricultural production and the declining yield (revenue or income) law, density of production in the field: return, input and use of technology, degree of intensity, the green revolution and its aftermath, declining yield and return, transport costs and revenue of land, transportation costs and settlement in the field, accessibility and return relationships, effects of urbanization and urban development on land use and value, urban development and building theories, land assets and their usage in cities, land use and return change in urban centers: value of agricultural land, value of urban land and economic rent discussions, land as an investment instrument, urbanization and land speculation, other factors affecting land values, land ownership and planning, restrictions on ownership, economic activities in cities and urban economic factor, specialization and settlement coefficient in economic activities, analysis of selected case studies from Turkey and other countries.

GGY471 Principles of Built Environment (2-2) 3
Concept of environment (natural, social and built environment), concept and scope of built environment, properties of built environment; built environment design and design process;properties of built environment, planning of built environment and planning process, factors affecting the design of built environment (human measurements, user requirements, physical environment, technology and resources);, principles of built environment planning and design and life quality, functional, formal and spatial properties in built environment design, application of orderly design processes to building projects of moderate complexity and scale, concept of space, classification of spaces (indoor space, outdoor space, urban space) and creation of spaces, basic elements of space, interspace relations, spatial organizations, mechanical practices (fire safety, air conditioning, ventilating, sanitation) in built environment, electrical practices (lighting, electrical energy) in built environment, acoustical practices in built environment, professional roles of facility managers in acquiring new facilities and in managing and maintaining existing building stock, codes, ordinances, regulations, design standards, guidelines and approval processes and their effect on the character of the building process and product, regulation of land use and property development, planning of building facilities, anticipated outcomes resulting from regulation changes, evaluation of built environment examples in Turkey and the World.

GGY475 Theory and Policies of Public Finance (3-0) 3
The concept and theories of finance, the development and purpose of public finance, public institutions and organizations, public service, public revenue, public expenditure and classification, tax law and theory, taxation principles, classification of taxes, budget definition, and techniques, analysis of Turkish Tax System, central government finances and local government finance, financial dispensed concept and intergovernmental relations, the objective of fiscal policy towards the achievement of social and other objectives and assessment of fiscal policy in Turkey in the context of Public Financial Management Control Law No. 5018 and in relation to other legal regulations.

GGY479 Rural Development and Rural Policies (3-0) 3
Rural area, rural environment and rural settlement concepts and criteria, development concepts: socioeconomic development, regional, rural-urban development, the definition of rural development concepts, the reasons for the need for rural development, natural geographical locations, evaluation of rural culture and urban culture in terms of development, analysis of the characteristics of the regions in terms of rural development in Turkey: analysis of the Marmara, Aegean, Mediterranean, Black Sea, Central Anatolia, Eastern and Southeastern regions, rural development approaches, models and tools, measures to be taken in order for rural development to be successful and sustainable, examples of successful rural development in the world, analysis of successful examples of rural development in Turkey, promotion of innovations in rural development (such as agriculture, industry, commerce, mining, transportation, tourism, energy), analysis of basic goals and objectives for rural development in Turkey’s development plans and implementation levels, analysis of rural development policies of Turkey, comparative analysis of rural development policies and practices in selected countries and in the EU and Turkey, rural development models and recommendations for Turkey: evaluation of policy analysis with participatory approach and implementation possibilities.

GGY481 Natural Resources and Environmental Economics (2-2) 3
Basic concepts: environment, environmental sciences, ecology, definition of relationships between natural resources and economy/agricultural economics: changing conditions and the environment and evolution of the economic thought, environmental problems and change in developed and developing countries: causes of the problem, solutions and policy options, reasons/effects of change of/differentiations in politics, environmental assets and ownership issue: national and international aspects/scope of environmental problems, impacts and the necessity of global initiatives to protect the environment, success conditions and experiences, economic and political approaches to natural resources and environmental problems in the historical development process: analysis and evaluation of the period up to the Industrial Revolution, the period from the Industrial Revolution up to the 1950s and the post-1950 developments, environmental and economic relations: relations among production and consumption activities, economic growth and development, population growth, poverty, hunger, resource use, technology and the environment, the approach of economics schools on environment and natural resources: changes up to the ecological economy school in mercantilism and new approaches, environmental problems and externalities: market failure, negative and positive externalities and their effects, the possibilities of internalizing negative externalities and the applications of internalization methods in agricultural and industrial businesses, market mechanism, public goods and environmental assets and efficiency problems, microeconomic analysis of environmental pollution: the effects of pollution on supply, demand and price, and the distribution of pollution costs among producers and consumers, new environmental approaches in business economics, environmental liability of businesses, decision process and environment, public and private environmental protection organizations and their activities, economic approaches on pollution economics and pollution control, optimal pollution level, measurement of costs and benefits of pollution control, classification of resources in the economy: human resources and natural resources, definition, scope and classification of natural resources, principles of utilization of natural resources and economic development, land and water resources economy: supply, demand, principles of utilization, problems of resources, and basic environmental and economic approaches.

GGY483 Land Conservation and Development (2-2) 3
Concept of land conservation, land conservation methods and practices, land consolidation, land levelling, watershed management, soil surveying and mapping, types and properties of soil maps, land capability and suitability classification, principal land problems and their causes, erosion, desertification and land degradation, saline and alkaline soil, soil pollution, restoration and mitigation measures, principles and practices of sustainable land and water use, demands for land use, development of sustainable land use strategies, relationships between soil quality, use and sustainable land management, land quality indicators, definition of ecosystem services, ecosystem conservation and restoration, restoration ecology, rehabilitation and environmental impacts, land conservation in Turkey, land reclamation methods, land acquisition methods and usage areas, sample case study analyses and assessment of implementation results.

GGY485 Urban Centers and Central Business Districts (2-2) 3
Urban working places and their definitions in legal framework, industrial site planning, development process of industrial sector in developed and developing countries, types of industrial activities, site selection criterion of industrial areas, organized industrial districts, small-scale industrial areas, science and technology parks, main establishment purposes of techno-parks, site selection criterion of techno-parks, definition of urban centers, urban centers planning in legal regulations, commercial structure of metropolitans and rank size rule of central areas, productive and consumer services and their site selection criteria, development of shopping malls, planning of central business districts, development of urban centers in Turkey

GGY487 Analyses of Urban Policies (3-0) 3
General introduction to the concepts of urbanization and policy (in terms of administration), development of urban policies – its institutionalization process, governance of urban space, urban institutions, urban legislation, urban planning and its relation with urban residents, production-consumption cycle of economic system, urban development politics followed by Turkey and other countries

GGY489 Real Estate Finance (3-0) 3
Basic concepts and approaches, terminology of real estate finance, methods of financial analysis for real estate investment, money and capital markets, institutions and capital resources, fund supply and demand, financial markets: risks and returns, modern portfolio management theory and applications to real estate markets, credit resources in real estate markets: national and international credit, cost, profitability relationships, long-term housing finance system, finance of land investments and land development investments, real estate evaluation procedures and functions in terms of finance, cash flow analysis, computer modeling, credit investment and bargaining forms, feasibility studies, finance of individual projects in different cities and land use and computerized numerical analysis, performance measurement and evaluation, real estate market problems, case studies.

GGY491 Urban Policies and Transformation (3-0) 3
Policies of urban development and transformation, participation process of renewal and transformation in urban policy concept and institutionalization: governance of urban space, urban law, urban planning, relation with urban residents-social mobility and transformation, production-consumption cycle of economic system, different methods of urban transformation (rehabilitation, regeneration, gentrification), urban transformation implementations in developed and developing countries as well as in Turkey, housing problem and housing policies in Turkey, development amnesty applications and their effects, slum area problem and their solution methods, transformation of urban space in globalization process and identity discussions, economic, social and spatial implications of urban transformation, legal aspects of urban transformation, examples from urban transformation projects in Turkey.

GGY493 Real Estate Management (3-0) 3
Management and operation concepts, classification of real estate management and work areas: land management, building, facilities and resource management areas and development, fundamentals and basic principles of real estate management, real estate management application areas: analysis of land management, its types and basic principles and practices of construction management according to usage patterns, management of cooperative sites, management of time-share vacation and time-share property facilities, management of farms, business centers, tourism and accommodation facilities, education and health facilities, primary and secondary education campuses and university campuses, industrial zones, logistics centers, military zones and other specialized properties, real estate management principles and the effects of different management approaches, management and expenses of common areas in building complexes and collective structures: definition and tools in utilization of common areas, landscaping: importance, regulation principles and practices, property security: identification, safety principles and practices, the duties, powers and responsibilities of the manager.

GGY495 Urban Geography (3-0) 3
Urban geography, concepts of urban, region and urbanization, urban geography studies, models and theories, the place of urban geography in geographical studies, urban typologies, hierarchy of urban settlements, analysis of site selection of urban functions, critical evaluation of relationship between society and geography, case study analyses.

GGY497 Infrastructure Investments and Management (3-0) 3
Identification and classification of infrastructure investments, basic principles and concepts of infrastructure planning, economic, social and technical infrastructure, the problem of infrastructure in the historical process, factors that lead to infrastructural problems, the future and importance of technical infrastructure, components and classification of urban technical infrastructure, approaches to urbanization and infrastructure problems in the countries around the world, methods used in urban technical infrastructure planning, development plan and urban infrastructure relations, urban technical infrastructure and transportation, transportation systems and investments, social and physical infrastructure in cities of Turkey, urban technical infrastructure planning in major cities such as Ankara and Istanbul, solution proposals for urban infrastructure problems and discussions, development, finance and management of infrastructure investments, sample project analyses and application results: examination of rail systems, drinking water and sewage projects, relations between population density and the growth of the urban service scale and the use and management of scarce resources, the importance of public and private partnerships and participation in urban infrastructure management, the impact of infrastructure investments on the prosperity of the city residents, and the problems of life quality.

GGY499 Urban Sociology (3-0) 3
Urban and social theory, constituents of urban, the first city, ancient Greek and Roman cities, regeneration of middle-age cities, Ottoman, modern age and mercantile cities, rise of modern cities, industrialization and its problems, classic and macro theories, lifestyle of modern cities, contemporary theories, informal cities, divided cities, suburbanization, gentrification, social outcomes and causes urban processes, examples from Turkish and other world cities, social capital, contemporary approaches to urban crime.

IVth YEAR VIIIth SEMESTER

GGY402 Real Estate and Asset Valuation II (2-2) 3
Development analysis in valuation, development (zoning) legislation and effects of practices on value creation and sharing, comparison of values of ordinary lands and lands for which development (zoning) is expected, effective and efficient use analyses, quantitative (stochastic) valuation methods: multiple regression analysis, hedonic valuation model and applications, nominal valuation, advanced valuation methods: Artificial neural networks, fuzzy logic and spatial data analysis, identification and updating of real estate value indices, production and interpretation of value maps, use of Geographic Information Systems (GIS) in valuation, valuation of commercial real estates, valuation of the rights and benefits on real estate, valuation of real estate projects, commercial operation and asset valuation (valuation with regards to TFRS/UFRS), special topics and applications in valuation, valuation expertise and standards: standards of the RICS, IVSC, TEGoVA and other international institutions, valuation reporting and measurement standards (IPMS), ethical codes and professionalism in valuation (RICS ethic code & APC), analysis of valuation practice in Turkey in terms of international standards: difficulties and major problems in valuation applications, appraisal expertise and practices, valuation reports: scope, effects and standards, valuation and expert witnessing, expert witnessing applications in the Turkish Legal System, basic valuation standards and expertise, auditing and quality of valuation and expert reports, corporate organization of valuation, case study analyzes I-VI, sample valuation project preparation and presentation.

GGY408 Real Estate Tax Law and Practices (3-0) 3
Taxation and basic principles (tax object, taxpayer, assessment, notification, accrual of tax, collection, classification of taxation and basic characteristics), basic tax legislation, basic terminology and general provisions, real estate purchase and sale and construction gains, tax advantages related to real estate (investment deduction, revaluation, increase in cost valuation, renewal fund, advantages of investment incentives, cases of exemption of real estate sale income), VAT application and fees, income from real estate leasing, real estate tax and inheritance and transfer tax, taxation in real estate investment trusts, Articles of Fiscal Procedure Law related to real estate valuation and situation of foreigners, case studies on real estate tax applications and discussions on solutions.

GGY406 Real Estate and Asset Analyses II (0-4) 2
Second stage applied studio work: realization of multidimensional theoretical knowledge acquired on subjects such as urban, rural, architectural, natural and cultural heritage, land and land registry, planning, conservation, economics, finance, business administration, management and organization, statistics and law with real world examples, practical use of scientific methods and tools for real estate and asset valuation, development and management, valuation of real estate under the perspective of multidisciplinary and multidimensional theoretical knowledge based on previous documentation and analysis studies on real estate, analysis of project development processes, evaluation of sample projects and project management, decisions on and production of projects, designing and defining the physical, social, financial, managerial, organizational framework necessary to carry out the decisions and projects, preparation of comprehensive and multi-faceted reports including decisions and projects, asset analysis, asset valuation, portfolio valuation, real estate and asset portfolio management and case study analyses.

MYU402 Adaptation to Professional Life (0-0) 0

The course includes distance learning (online) courses for entrepreneurship, career planning, leadership, project management and seminars to be given by experts from inside or outside the university. Each unit will be able to design the course in question and turn it into face-to-face training.

GGY410 Graduation Thesis (0-2) 1

Program Elective Courses Group

GGY428 Facilities Operations and Maintenance (2-2) 3
Basic concept of facility operations and maintenance, scope of services contracts, security systems, processes, and tools required to guarantee the facility environment perform properly, techniques ensures the facility performance is suitable with the design, mechanical and electrical maintenance in large-scale facilities: daily activities, weekly, monthly, quarterly and yearly management and maintenance activities, analysis of maintenance and maintenance expenses and relationships with the value of the enterprise or investment, techniques used in the operations and maintenance to facilitate the planned operation of the tenants or users of a facility, analysis and evaluation of maintenance and operations in case study of a facility management operations, case tudy analysis of facilites and projects and discussions.

GGY430 Principles of Managerial Accounting (3-0) 3
Terminological principles and concepts, basic concepts of accounting, cost control, deviation analysis and interpretation at different bases and levels, cost analysis in management decisions, operating budgets, capital budgeting, cash budget and cash flow statement, stock planning and control, management information system reports, management accounting decision support models and sample decisions in routine and strategic business decisions, managerial accounting practices in construction, real estate development, facility management and services business.

GGY432 Sustainable Design and Practices (2-2) 3
Definitions of ecological, economic and social sustainability; definition of sustainable design, sustainable urban design, and sustainable building design; analysis of principles, strategies and standards related to sustainable design; examination of sustainable cities and buildings ;definition of life cycle assessment methodology and assessment of environmental impacts of buildings and building materials in their life cycles; research on energy, water and material conservation; definitions of conservation of natural environments, building site planning, urban design, comfortable building design and appropriate design for human health; importance of a collaborative team (owner, occupant, facility management, and maintenance providers); certification of sustainable design, LEED green building operations and maintenance (sustainable sites, water efficiency, energy & atmosphere, materials & resources, indoor air quality, and innovation); MEP systems (ventilation, air conditioning, heating, electrical lighting and building control systems) in terms of sustainable operations and maintenance perspective; the use of digital media for building performance and facilities management through specific drawing and modeling applications; the computability of sustainable design, and computers as design/modeling tools; the latest hardware and software for facilities management including applications in the area of space programming, inventory and allocation, equipment and maintenance cost tracking, lease management, budgets and growth projection.Definitions of sustainability and ecologic, economic and social sustainability, sustainable urban design, and sustainable building design, analysis of principles, strategies and standards related to sustainable design, examination of sustainable cities and buildings, definition of life cycle assessment methodology and assessment of environmental impacts of buildings and building materials in their life cycles, research on energy, water and material conservation, definitions of conservation of natural environments, building site planning, urban design, comfortable building design and appropriate design for human health, importance of a collaborative team (owner, occupant, facility management, and maintenance providers), certification of sustainable design, LEED green building operations and maintenance (sustainable sites, water efficiency, energy & atmosphere, materials & resources, indoor air quality, and innovation), MEP systems (ventilation, air conditioning, heating, electrical lighting and building control systems) in terms of sustainable operations and maintenance perspective, the use of digital media for building performance and facilities management through specific drawing and modeling applications, the computability of sustainable design, and computers as design/modeling tools, the latest hardware and software for facilities management including applications in the area of space programming, inventory and allocation, equipment and maintenance cost tracking, lease management, budgets and growth projection.

GGY434 Geographic Information Systems (2-2) 3
Introduction to Geographic Information Systems (GIS), definition and history of GIS, areas of use and basic components of GIS, disciplines related to GIS, sources of GIS data, characteristics of data, creation and management of databases, use of existing graphics or images, data normalization, GIS architecture, GIS input and output data, data generation techniques, data models: grid (raster) and vector data models, data conversion operations, quantification techniques, organization of spatial data, representation of spatial data, database management systems, topology concept and topology types, analysis of spatial data: network analysis, proximity analysis and 3-D imaging, accuracy analysis and error management, applied analyzes with current GIS software: introduction of software such as ArcGIS, MapInfo, ArcView, ERDAS and NetCAD and applications in real estate development areas, spatial analyzes (such as topography, slope, view, distance, land usage data, building data, social and economic data), proximity and buffer (zoning) analysis, network analysis, visibility analysis, profiling and 3D visualization, use of package software programs, value based map production and use, crime rate, structured query for geographic data (SQL), GIS based spatial analysis applications, real estate risk analysis and transportation map production and use.

GGY436 Research Methods (2-2) 3
Science, scientific explanation and approaches, scientific researches, purposes and types of scientific research, research planning and preparation of proposals, identification of problems and research hypotheses, literature review, research models, sampling, data collection techniques, measurement and scaling, the structure of the questionnaire forms, determination of the appropriate question format, data analysis, parametric tests, nonparametric tests, research ethics, presentation of references, quotation, interpretation, decision making and reporting.

GGY438 Entrepreneurship (3-0) 3
Entrepreneurship concepts and approaches, types of entrepreneurship, entrepreneurial processes, the importance of entrepreneurship, creativity, innovation and business development processes, business establishment and conditions of success, planning and organization, business plan concept, business plan preparation and business idea development, business plan analysis, team formation, market analysis and finance plan, risk analysis, business concept and functions, promotion of the entrepreneurial culture and entrepreneurs in Turkey: analysis of public resources and policies, development of cooperation possibilities with Small and Medium Enterprises Development and Promotion Administration (KOSGEB), support programs for entrepreneurs, production and marketing processes, management of entrepreneurial development, national and international development and entrepreneurship, ethical and social problems related to entrepreneurship, structural initiatives to increase innovation capacity (industrial zones, industrial park, techno-parks, innovation centers), the current state of industry and university cooperation in the context of innovation performance and policy recommendations.

GGY440 Financial Management (2-2) 3
Financial management and functions, financial management process, time value of money, financial analysis, financial planning and control, break-even and leverage analyzes, stock and cash management, management of receivables, short-term financing, debt policy, profit policy, optimal capital composition, operating capital, bond valuation, equity valuation, regulation of cash flow statements, the cost of capital, capital structure and capital budgeting, investment analysis, financial leverage and financial risk analysis, dividend policy, foundations of international financial management and case studies.

GGY442 Expropriation Knowledge (2-2) 3
Definition and scope, purposes, establishment of expropriation, expropriation conditions, the authorities that make public benefit decisions, the actions to be taken before expropriation and the administrative commentary, assessment process in places where cadastre studies have not been made, expropriation methods: establishment of easement rights, purchasing procedures, full and partial expropriation, urgent expropriation, transfer of property between administrations, cost of expropriation, valuation commissions and valuation principles, notification, right of action and expert witnesses, urgent confiscation, registration procedures, conflicted ownership and conflict resolution, evacuation, abandonment and withdrawal in expropriation, the right of the property owner to take back, damage, rights and obligations that will emerge, expropriation by way of exchange and urgent expropriation, free use, payment of expenses and real estate transfer between administrations and related applications.

GGY444 Corporate Social Responsibility and Corporate Real Estate (3-0) 3
Development of awareness of social and corporate responsibility, promotion of institutional investments and social impact creation in legislation and practice, evaluation of the impacts of public and private sectors and their participants on social life and market conditions over time, the necessity of ensuring the cooperation of investors and real estate developers in the real estate and asset market, social and environmental impact assessment in real estate development and management, corporate real estate strategies, strategic planning principles and practices, strategic real estate project development and applications, case study analyses I-V.

GGY446 Real Estate Markets and Analysis (2-2) 3
Real estate market periods and analyses: crisis, rapid growth, analysis of stagnation and equilibrium levels, price-rent-value analysis and adjustments, supply-demand analysis in local and national real estate markets, investment economy and return on investment, classical monosentric and polysentric city theory, urban spaces and modern urban spatial structure, multi-centered workplaces, future land use and long term rent / price trends, land use and rental patterns, 4Q diagram and analysis, demand versus supply shocks, deterioration of market volatility, real estate cycle: forecasting market reactions, office, industrial markets, housing and single markets, evaluation of real estate investments and risk analysis, application of dynamic methods: decision tree analysis, real option theory, conditional preference analysis and other methods, expected return and risk analyzes: commercial real estate markets, brand housing project, residence, shopping mall, office, mixed real estate and other commercial real estate market applications, lease or purchase decisions, the project absorption time in the market, competition and marketing, supply and demand analysis, effects of legal regulations, effective and efficient use, environmental problems and insurance inspections, real estate market actors: identification of the authorities, analysis of their duties, authority studies and their effects, global real estate market, interpretation of real estate markets and national-global market relations and integration, case study analysis.

GGY448 Condominium and Commercial Real Estate Management (3-0) 3
Classification of investments of real estate and management models, introduction to professional building complex, cooperative and commercial real estate management: development of professional real estate management, economic principles that will affect the building complex administrator’s decision processes, relations between building complex and collective structure manager and property owners, building complex and collective structure management contract and conditions, procedures for building complex and collective structure management, responsibilities of owners and managers, operational plan: regional and neighboring market analysis and analysis of owners’ targets, commercial real estate management and basic management problems, determination of operating costs, lease agreements and tenants: the obligations of the tenant and the landlord, understanding the legal remedies to be applied in case of actions breaching the contract, relations of tenants, professional building complex and commercial real estate management: the challenges managers face, analysis of the effects of relevant legislative stipulations on management and managers, cash flows and their reporting, tenant safety and emergency management: setting goals for the creation of a safe environment and making the right management plan, emergency equipment and technology, the effects of the managerial and employee relations and the quality of the staff on management processes, case study analyses.

GGY450 Analysis of Structural Damages and Defects (2-2) 3
Definition and level of structural damage and defects, main causes of damage and analysis methods, manufacturing defects and analysis methods, common damages and defects in adobe structures, common damages and defects in masonry structures, common damages and defects in reinforced concrete structures, common damages and defects in wooden structures, common damages and defects in steel structures, common damages and defects in historical structures, damage/defect evaluation and sample applications in masonry structures, damage/defect assessment and sample applications in reinforced concrete structures, damages/defects in wooden structures and sample applications, damage/defect assessment and sample applications in steel structures, damage/defect assessment in historical structures and sample applications.

GGY454 Financial Markets and Analysis (2-2) 3
Financial markets and institutions, financial system, market interest rate, exchange rate markets and systems, international financial markets, portfolio management, efficiency in financial markets, regulation and supervision in financial markets, quantitative models and analyzes of financial markets.

GGY456 Practices of Title Deed Registration II (2-2) 3
Rights of pledge and their registration, common and joint pledge, fixed grading system, reserved portion, share pledge, pro-rata lien, thoughts dependent to rights of pledge, system and authority concerning the different directories, employment date of the contractor and the employee, description and registration of legal mortgage, assignment of claims, control of the registration, detection of inaccuracy and its adjustment, mortgage bonds and annuity charge bonds, modifications related to mortgage and partial cancellation of the mortgage, real estate subdivision, real estate amalgamation, partition of the real properties, registration by assignment, description of the construction servitude and its registration, description of the flat ownership, its establishment and registry, description of time-share ownership, its establishment and registry, description of the individual and permanent rights, its establishment and registry, registration of the devised real properties, description of the endowment, common areas, reconstruction (zoning) practices, land consolidation, expropriation, privatization, time-share vacation, the rights which are impossible to establish, analysis and samples of application of Land Registry and Cadastre Information System (TAKBİS).

GGY458 Capital Markets Law (3-0) 3
Basic concepts and framework of financial markets, capital market instruments, publicly held companies, protection of investors, brokerage houses, capital market investment companies, Capital Markets Board (CMB) and its regulatory authority, market concept, financial system diagram, commodity exchanges, capital market law and the CMB in general, lending of capital market instruments and basic concepts of capital market law, capital market instruments: stocks, stock certificates, coupons, talons, stocks with no shares, usufruct shares, bonds and stocks and their differences, bank bills, financing bills, profit / loss partnership documents, real estate certificates, revenue share certificates, sukuk, assets based securities: asset-backed and mortgage-backed securities, housing finance (mortgage), collateralized commercial credits and related credits, futures, options and forward contracts, capital market activities: brokerage, investment consulting, portfolio management, public offering and sale of capital market instruments, joint stock companies and publicly traded corporations, registered capital system, characteristics of board of directors of publicly held joint stock companies, features and auditing of general assemblies of publicly held joint stock companies, intermediation concept and brokerage institutions, operating conditions of intermediary institutions, intermediary activities of brokerage firms and intermediary institutions: analysis of activities, mutual funds, real estate investment funds, investment partnerships, free funds, analysis of economic and financial crimes and capital market crimes.

GGY460 Execution and Bankruptcy Law (3-0) 3
Execution organization under execution law, execution without judgement, execution with judgement, order of payment, objection to order of payment, shift of objection, negative identification and trover cases, forced seizure, lien, the scope and principles of bankruptcy law, persons subject to bankruptcy, ways of bankruptcy, legal consequences of bankruptcy, liquidation of bankruptcy, concordat topics and practices.

GGY462 Industrial Parks, Organized Industry and Free Trade Zones and Management (2-2) 3
Development paradigms and change, changing approaches to local and regional development, competitive strategies, industrial clustering and its role in regional development, local economic development strategies: examples of success in industrial clusters, competitive cities, competitive territories, changing industrial policies in the world and in Turkey, special economic zones, small industrial sites: establishment, legislation and management, transformation of industrial sites, organized industrial zones: establishment, legislation, land acquisition, zoning and infrastructure works, land production and sale, licensing procedures, duties and authorities of regional directorates, special organized industrial zones, Organized Industrial Zone Upper Organization (OSBÜK), industrial zones: establishment, legislation, land acquisition, zoning and infrastructure works, establishment of easement rights or transfer of ownership, duties and authorities of the operations directorate, free zones: establishment, legislation, land acquisition, zoning and use, duties and authorities of the operations directorate, pricing of services of the district or operations directorates, analysis of income and expenditure, technology zones: establishment, legislation and management structures, technology transfer and innovation, creative economy, new economic geography and regional approaches, networks approach and network cities, relations between development agencies and regions, opportunities to benefit from incentives, zone establishment procedures abroad and development of cooperation, evaluation of the activities, duties and authorities of the Ministry of Industry and Technology, Ministry of Trade and other ministries and municipalities on small industrial sites, industrial zones, organized industrial zones, technology development zones and free zones.

GGY464 Housing Finance and Management (3-0) 3
Basic concepts and approaches, basic finance and value concepts for construction and real estate sectors, the dynamics of housing markets, housing policy and funding issues in Turkey, methods of financial analysis for housing investments, modern portfolio management theory and applications to housing markets, credit resources in housing markets, national (public and private) and international housing finance market, requirement for mortgage applications: analysis of legislation and selected country practices, structural analysis of the mortgage system in Turkey, housing finance institutions, characteristics of housing finance and implementation steps, credit, cost, profitability relationships, long-term housing finance system, housing evaluation procedures and functions in terms of finance, credited investment and bargaining types, identification of primary and secondary markets and actors, development and export of asset-backed securities, secondary market operations, real estate and rental certificates, investment partnerships, housing finance relationships of pension funds and other long-term funds, feasibility studies, numerical analysis of the finance of individual projects in different cities and housing use, performance measurement and evaluation, case studies.

GGY466 Project Development and Finance (3-0) 3
Relationship between project development and finance, features and types of investment projects, critical factors affecting investment decisions, project finance concept, financial modeling and project evaluation, international project risks, collateralization mechanisms and international project documentation, development of finance strategies consistent with the characteristics of investment projects, potential financial institutions, international financial institutions and commercial banks, investment or development banks, lending criteria of financial institutions: analysis of project finance conditions and performance standards of the World Bank, the European Bank for Reconstruction and Development (EBRD), the Islamic Development Bank and other banks, alternative finance methods in construction projects: Build-Operate-Transfer (BOT) model, build-operate model, restore-operate-release model, turnkey project finance, public-private partnership (PPP) model, project evaluation methods, analysis of structuring and implementation of project finance department in Turkish banks.

GGY468 Securitization (2-2) 3
Fundamentals of structured finance and fixed income securities, basic economic elements of securitization, understanding of the securitization process: pooling, tranching and enhancements, structure and analysis of securitized financial products with an emphasis on residential and commercial mortgage-backed securities, principles of mortgage-backed securities valuation and cash flow structures, pricing techniques, Monte Carlo Simulation, option pricing techniques, risk management and models of prepayment and default behaviours of underlying assets, overview of big data management, international applications of securitization (best practises), regulatory aspects of securitization, structure of securitized bond markets, understanding of operations and current situation of the global markets, overview of trading, rating and stress testing of such securities, use of asset-backed securities to finance projects, securitization methods and institutional structures of selected countries: Goverment National Mortgage Associaton, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, situation analysis and expectation for the future development in Turkey mortgage market.

GGY470 Computer Aided Map Drawing (2-2) 3
Basic understandings about computer aided drawing, introduction to EGHAS software package, drawing maps by using orthogonal and polar measurements, application of dividing and joining parcels, introduction to NETCAD software package, digital terrain models (DTM) and applications, principles of data acquisition by digitizing analog maps and applications, applications of obtaining sections by 3D modeling of the terrain in engineering projects.

GGY472 Natural Resources and Environmental Management (3-0) 3
Concepts of growth, development and industrialization, importance of natural resources and environment in development process, concepts of ecology, ecological balance and natural resources, plantation zones, national park areas, agriculture and forestry zones, mining and industrial zones, energy sources: fossil resources, renewable resources, agricultural, forest, meadow and pasture, water resources and aquatic products management principles, environmental science and environmental policy, legal aspects of environment and environmental problems, international dimensions of the environment and related developments, sustainable development, environmental problems in the world, environmental issues in Turkey, development of the environmental management concept, classification of environmental management tools, traditional tools: setting environmental and health standards, direct controls, economic instruments of environmental management: environmental taxes, charges, deposit refund systems, loans and incentives, marketable pollution permits, environmental risk analysis, disaster management, environmental reporting, environmental impact assessment, product life analysis, environmental audit, legal dimension of environmental management, environmental management in Turkey: legal and institutional structure, management tools and approaches, modern management understanding: total quality management and environmental management systems, environmental management problems and solution proposals.

GGY474 Transportation Planning and Policies (2-2) 3
Urban infrastructure and transportation planning, design policies and management, infrastructure and transportation demands of urban areas, principles of equity, sustainability and social wealth, accessibility, classification of roads, modes of transportation, transportation-land relationship, basic concepts of transportation modelling, passenger projection of transportation lines and their optimisation, population and population development, population projections and population measurement techniques, population development and population development trends, relationship of population-settlement-transportation, transportation technologies, transportation system and real estate markets, analysis of impacts of transportation and infrastructure investment to the real estate markets and real estate values, integration of modes of transportation and its relation with real estate markets, interaction between transportation and urban land-use, accessibility, econometric spatial models, hedonic valuation models, analysis of accessibility and its impacts on use and value of real estates, finances of transportation investments, gross development analysis, resource creation for public projects by tax increment finance method, project development and management, analysis and integration of selected transportation projects.

GGY476 Rural Settlement and Infrastructure Investments Planning (2-2) 3
Settlements and settlement factors, the physical structure of rural settlements, settlement patterns in rural areas, scattered settlements, mass settlements, rural area planning, rural settlement and rural development, characteristics of rural areas in Turkey, problems of rural settlements and solution approaches, village settlement site selection and planning, village physical planning, analysis of officials and competent institutions, agribusiness center planning principles and practices, rural infrastructure investments: road, drinking and irrigation water, sewerage, electricity, communication, health and education investments, land reclamation and consolidation studies, product processing and storage facilities, infrastructure investments and development relations, changing infrastructure requirements parallel with changing living and income sources in rural settings, and developing, financing and managing rural infrastructure investments.

GGY478 Forest, Meadow-Pasture, Coastal and Water Resources Management (3-0) 3
Land ownership and utilization principles, public lands, private ownership and common property, ownership and use of forest land, ecology of meadow and pasture areas, ownership and use, forest and grassland and the use of assets in Turkey, analysis of statutory regulations and authorized bodies, classification of forests, forest vegetation, forest management, state forest management, private forestry, social forestry and forest-peasant relations, economic valuation of forests assets, cadastre in forest land, detection and analysis of property issues, principles and applications for easement right establishment and uses for non-forest purposes of forest land, the presence and distribution of animals at meadows and pastures in Turkey, classification of meadow-pasture land, identification, surveying and mapping of pasture land, pasture management, vegetation and classification, forest and pasture ecology, in-forest pastures and grazing, in-forest and forest-side grazing, grazing capacity in pastures, overgrazing, methods of measurement of pasture vegetation, grazing systems, fees for utilization of pasture land and leasing practices, problems experienced in meadows-pastures, pasture management and rehabilitation, classification of water resources and principles of utilization, definition of coastal area, identification of land and sea boundaries, internal and external parameter definitions, basic principles of coastal zone management, principles for the utilization of coastal areas, coastal planning studies and usage associations, facilities and construction principles required to be on the shore in accordance with their characteristics, coastal use and ownership issues: private properties and problems in the coasts, environmental effects of coastal structures, methods of monitoring and evaluation of developments in coastal areas, description of natural balance components of coastal areas, the behavior of the coastal area as a system, contributions and impacts of non-governmental organizations to the conservation and use of the coasts, the effects of globalization on coastal areas, relations between watershed management and coastal zone management, basic principles of total coastal area management, organizational necessity and continuity conditions in coastal zone management, classification of water resources and ownership-use analysis, the existence, use and pollution of water resources in different geographies, sectoral water consumption levels and policies, water budgeting and applications, watersheds and basins in Turkey on the basis of issues, quantitative methods in water resources management: survival analysis and mathematical modeling, the use of quantitative methods in the formulation of water resources policies, social benefit/cost analysis in water resources management, climate change scenarios and impacts on water policies, analysis of judicial decisions on forest, meadow and pasture, water resources and coastal property and use, and discussion of new management models.

GGY482 Conservation of Historical and Cultural Assets (3-0) 3
Short history of the concept of conservation and theoretical foundations, understanding of historical environmental conservation, legislation on the conservation of cultural assets, national and international organizations and conservation education, recognizing real estate cultural assets, reasons for conservation and survival, methods of defining conservation decisions and social and cultural values (symbolic level) and economic values (changeability and usability), sustainable conservation approach, approaches to reuse and/or evaluation of real estate cultural assets, information and rules on legal enforcements and administrative conditions, case studies, applications in Turkey: legal regulations, evaluation of institutional structures and approaches from a critical point of view, discussions on single structure or parcels and urban conservation areas.

GGY484 Land Reclamation and Restoration (2.2) 3
Challenges in land use and economy, the effects of industry and service sectors on land: wastes, polluted land and water, land use with waste disposal systems, environmental impact analysis, environmental effects of mining activities, recovery efforts for lands formerly operated by military, reclamation of lands with landmine, economics of land reclamation, restoration techniques and economics of lands degraded by mining activities, restoration of land disturbed by activities of energy projects (i.e. pipelines), the use of reinstated lands, total unused and abandoned land entity, international approaches for environmental restoration after industrial and commercial land activities, international approaches of sustainable land restoration, process evaluation, sample project analyses, analyzing the selected restorative implementations in Turkey.

GGY486 Planning and Management of Rural and Urban Open-Green Areas (3-0) 3
Urban structure and environment, rural-urban ecosystems, planning principles of rural-urban ecosystems, environmental criteria of urban development, integrated planning methodology, ecology and planning, ecology and economics, integrated planning and rural-urban management, development problems of settlements, concept and definition of thematic parks, and their classification according to purpose and function, thematic gardens of entertainment and adventure, history and safari parks, gardens for vegetation presentation, sculpture gardens, water parks, design principles of thematic parks and their management, examples from other countries, thematic park planning and application suggestions for Turkey.

GGY488 Rural and Agricultural Finance (3-0) 3
Definition of finance, functions of finance, types of finance in agricultural businesses, capital and varieties in terms of finance, the main objectives of agricultural credit utilization, reasons leading to credits in agriculture, principles taken into account when opening credits, agricultural credit resources (organized/non-organized), current agricultural credit needs in Turkey, definition and purpose of financial management, the probable impact of the factors affecting the finance function on finance managers, the functions of the financial manager, organizational structure of finance department, inflation and financial analysis, financial plan types, break-even analysis, financial leverage and financial risk, cash management, stock management, management of trade receivables, medium-term finance sources, reasons for failure in businesses, micro-credit and micro-enterprises, new techniques and applications in finance.

GGY490 Regional Analysis Techniques (3-0) 3
Growth theories, regional growth theories: historical perspective, regional growth and trade in the new economic geography, endogenous growth theories, development theories, human capital and regional development, infrastructure and regional development, R&D externality and regional development, sustainable development and regional growth, effect analysis: indirect and stimulant effects, Keynesian income-expenditure approach, applications of regional multiplier analysis, regional econometric models, the need to measure regional economic performance, Shift-Share analysis, input-output model, regional applications of input-output model, new developments in regional modeling, concentration, industrial clusters and industrial cluster analysis, regional policy tools, local development: small and medium-sized businesses and technological development, case study analyses and applications.

GGY492 Local Government Finance (3-0) 3Types of local governments and their models, duties and revenues of the local administrations, analysis of the sources of local governments in selected countries, comparison of local government finance models in Turkey and in the world, regulation of financial relations between central administration and local governments (financial distribution): self-incomes and debts of the local governments, state aids, inspection of special provincial administrations, municipal expenditures (income and expenditures of the municipalities), budgets of municipalities, management associations and businesses, evaluation of local administrations and financial measures, internal and external audit on local administration finance, enterprises of municipalities, classification of expenditures, privatization and local administrations, local government banking: selected countries and Turkey examples, structural and functional analysis of İller Bankası Anonim Şirketi (Provincial Bank of Turkey Inc. Co.) and its effects.

GGY496 Special Real Estate Projects (3-0) 3
Investment and project concepts, investment types, project development, project cycle, importance and features of investment projects, project planning and programming techniques, classification of investment projects, project appraisal: economic, financial, technical and environmental appraisal and evaluation, legal structure, the basis of project appraisal and finance, resources to be used in project finance, preparation of financing plans, cost of capital, calculation of project cash flows, project appraisal methods: payback period, profitability ratio, present value analysis, cost-benefit analysis, discounted payback period, discounted cash flow analysis, internal rate of return and modified internal rate of return, real options, economic appraisal criteria, financial modeling and project appraisal, risk and uncertainty and project appraisal process, effect of inflation, appraisals in public and private sector projects, development of housing, commercial real estate, mixed used real estate, infrastructure projects and appraisal studies, application and control of investment projects, project management and auditing.

GGY498 Land Administration, Management and Policies (3-0) 3
Basic concepts and general principles of land management, administration and policies, objectives of land management and policies, development and use of the right of ownership, development and institutionalization of land legislation, evaluation of legal regulations on land management, good governance and organization of the responsible institutions, public institutions responsible for land management, contribution of the professional and private institutions to land management, sustainable development goals (SDGs), sustainable land use, land planning methods, Land Governance Assessment Framework (LGAF), land tenure systems and reliability, basic principles of land management and good land governance, cadastral works, land registry, traditional forms of land use, illegal land users, regulation of rural and urban land markets, land assets and distribution based on usage patterns, the place and importance of land in natural resource management system, the situation of landless households in rural areas and land acquisition methods for them: methods of acquisition, finance and organization, land banking, land acquisition institutions and land reclamation and development institutions, taxation of land, spatial planning and decision support systems (SPS/DSS), analysis of land data, the design and development of a land (real estate) information system, sustainable food safety, land degradation and pollution, urban development and land use, reduction of disaster risks, smart cities, slum areas, infrastructure management, land policy instruments and implementers, examples of successful land policies, land reform and development relations, landless households and land acquisition methods for them, land and business growth policies, structural improvement policies, land expropriation and heritage applications, solution mechanisms of land disputes, environmental risk management, natural resource policies and approaches to land, analyses on land policies in Turkey: Analysis of the Agricultural Reform Law on Land Regulation in Irrigation Areas No. 3083, Turkish Civil Code No. 4721, Land Protection and Land Use Law No. 5403 and other regulations in terms of land policies and evaluation of implementation results, case studies and presentations of reports.