Welcome to the Chair of Real Estate Economics

Head:  Prof. Dr. Gabriel S. Lee

 

 

 


 

Courses/Seminars on Immobilienökonomie: FAQ, Misconceptions and What (NOT) To Expect

 

 

  1. One cannot fail course/seminar from Prof. Lee:  Just look at last semester's (SS04) Vorlesung?
    • BIG MISTAKE in thinking this way! A positive correlation between my current, former and future courses in regards to final grades  DOES NOT and WILL NOT exist.
    • I am a BIG believer in UNANTICIPATED SHOCKS.
  2. But surely, Prof. Lee's Courses MUST BE EASY: How else the grade point average (GPA) could  be high?
    • Yes, the course GPA could be high, but ONLY if the students work hard.
    • Usually, the GPA is inversely related to
      1. Number of students in class.
      2. Number of NON-MOTIVATED students in class.
    • And Positively related to
      1. Number of  days of studying between the final exam date and the first day of class: I am also a firm believer in "STUDYING SMOOTHING".
      2. Class participation: Show up to learn but DON'T show up for the sake of coming to school.
      3. Positive study results through assignments.
  3. What if all the students are good in Class? Would we  all then receive good grades?
    • I'm also a firm believer in Normal Distribution.
    • Any number over 30 students in class, automatically implies a BELL CURVE, with 5% right tail representing "FAIL" and the mean of "2.5". On the other hand, there will be the left tail of 5% representing "1".
  4. All the lecture notes are on the class website: I don't need to show up to class. I'll just learn from the lecture notes and read the text book.
    • VERY WRONG.
    • The lecture notes are outline of what I want the students to learn: Lots of holes. I'll fill these holes during my class.
    • My experience tells me that the students who usually don't show up (of course there are exceptions) but rely on the lecture notes and text books achieve a maximum of an average grade. e.g. class of 30 students, this implies 2.5 at most.
  5. My English is not good enough to follow the class.
    • Well, if this is true then it's about time that students learn English.
    • All my courses are pretty much Bilingual. Students have the option to ask questions in German and write exam/assignments in German.
  6. Since the courses are meant to be practical, there won't be much Math.
    • VERY WRONG AGAIN.
    • Yes, the classes are practical, BUT Math is the foundation of LOGIC. There will be plenty of algebra and calculus.
    • If students DO NOT have the first-year univesity level algebra and calculus, this is a WARNING: Please go and freshen up your math tool before taking the courses.

 Please send me an email if you have other suggestions or FAQs.

 

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