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BSc Real Estate

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Submitted by sagyeman-yeboah.cabe on Tue, 06/12/2018 - 18:31

YEAR ONE – SEMESTER ONE

RE 151    REAL ESTATE INDUSTRY (3-0-3)
Objective    The student will be introduced to the real estate sector of the economy. At the end of the course an appreciation of the scope and context of real estate within the general economy is expected of the student. Contents Concepts; real estate defined, the real estate landscape – an overview, Participants and stakeholders; individuals and institutions e.g. GhIS, GREDA; Scope of real estate business; Real estate and the General economy; economic and social impacts of real estate


RE 153    REAL ESTATE ECONOMICS I 
Objective    This course reviews the principles of economics with a general treatment of micro- and macro-economics. At the end of the course the student is expected to be equipped with economic tools applicable to problems and policies in the realm of real estate.
Contents    Introduction to Micro and Macro Economics; the consumer, firm and the market systems , fiscal and monetary policies etc; The economic problem; principles of economic analysis and its tools; The economic analysis of land use policies; policies of use and management of real estate assets Demand of real estate resources/assets; factors affecting real estate demand; forms of real estate demand; Supply of real estate resources/assets; factors affecting supply of real estate resources


LE 151    GENERAL PRINCIPLES OF LAW I (3-0-3)
Objective    The objective of the course is to provide a bird’s eye view of law as an introduction to the many legal topics that will be taught in the entire programme.  At the end of the course the student will be conversant with the general legal and judicial systems operating in Ghana.
Contents    Meaning of ‘Law’ classified, Classifications of laws; The sources of law; the Laws of Ghana- the constitution, statute law, common law of Ghana and customary law; Statute an subsidiary legislation; interpretation; General principles of equity; legal and equitable interests in land; Case law and doctrine of precedents; The Judicial System.


LE 153    INTRODUCTION TO BUILDING CONSTRUCTION  (2-2-3)
Objective    Building construction is a major course in the training of the real estate graduate and will be taken in the first three years of the programme. This is an introductory course and aims at introducing the student to building construction as a subject. At the end of the course the student is expected to have a general view of the building industry and identify traditional and contemporary structural forms and relate them to their social and economic implications.
Contents: People concerned with buildings: the design team, construction team and approving/law enforcement authorities; Preliminaries to building: Preliminary investigations and site preparation; Building materials and their effect on function and design e.g. Concrete, blocks, stones, timber, plywood; Economic and socio-cultural consideration in design; Elements of building: Substructure – foundation types, basements, water-proofing. Studio Work: Introduction to draughtsmanship.


LE 159    FINANCIAL MATHEMATICS I (3-0-3)
Objective    The course introduces students to courses such as Principles of Valuation and Investment Appraisal, which will be taught later in the programme by shaping students’ understanding of how the Valuation Tables have been compiled and uses.    
Contents: Arithmetic & Geometric Progressions; Simple & Compound interests; Application of Simple Interest–Negotiable 
Instruments & Treasury Bills; Application of Compound Interest in the Construction of Valuation Tables: Amount of ¢1.00, Amount of ¢1.00 p.a., Present Value of ¢1.00, Present Value of ¢1.00 p.a., Annual Sinking Fund, Annuity; Interrelationships of Tables. 

   
CSM 183     INTRODUCTION TO COMPUTERS I (1-2-2)
Objective    Information and communications technology (ICT) is increasingly taking centre stage in the affairs of men. The purpose of the course is to introduce the student to the use of computers to enable him participate meaningfully in the ICT environment.  At the end of this course the student will be able to have a general knowledge of computers and be able to carry out simple windows based activities. 
Contents    Introduction to computers and computing; Introduction to DOS; Introduction to Windows; Introduction to word processing (Microsoft).


GE 183    PRINCIPLES OF SURVEYING (2-2-3)
Objective    This course is aimed at helping to improve the survey of small areas for producing large-scale plans for all purposes.
Contents    Chain surveying; Compass surveying; Theodolite traversing; GPS Surveys; Contouring; Simple plane coordinates calculation; Calculation of areas and volume; Errors in general and particularly errors in chaining and levelling.


ENGL 157    COMMUNICATION SKILLS I (2-0-2) 
Objective
 This course is aimed at helping to improve the ability of the student to communicate in good and fluent English. 
Contents    Parts of speech (i) Nouns and Pronouns, (ii) Verbs, Voice and Tense, (iii) Adjectives and Adverbs, (iv) Conjunctions, Prepositions and Interjections; Concord, Error analysis; The Article; Direct and Indirect Speech; The sentence; punctuation, paragraphing.

YEAR ONE – SEMESTER TWO

RE 154    REAL ESTATE ECONOMICS  II  (2-0-2)
Objective    This course introduces the student to the role land plays in the economy and concepts of applied economics. At the end of the course the student is expected to know the place of land in society including its economic and other implications as well as deep understanding of land resource issues.
Contents    Urban Land Market; characteristics and forms; Real estate market characteristics by property types i.e. residential office retail and industrial; Urban land use; forms of urban land use; Market forces driving city formation; urban growth; Theories of urban growth; urban renewal and regeneration; Urban transportation; traffic control systems, parking. 


LE 152    LAW OF CONTRACT (3-0-3)
Objective    The student is given in-depth knowledge of the law of contract generally. At the end of the course the student will be able to recognize contractual relationships and how these relate to real estate.

Contents: Nature and Types of Contract; Formation of contracts: essential requirements; Terms: express, implied, construction, exemption clauses, Vitiating elements, Discharge; Breaches: remedies, penalties, damages, specific performance; Bailment; Contract for sale of land; Contract Act.


LE 154    BUILDING COMPONENTS AND FINISHES (2-2-3)
Objective    This continues the course began in the First Semester and has the objective of helping the student to understand
the construction and nature of structures on land.
Contents    Building elements – superstructure: walls, floors, roofs and ceiling work; Finishes in construction; Stairs Studio work.


LE 160    FINANCIAL MATHEMATICS II (3-0-3)
Objective    This course continues the course in financial mathematics started in the first semester. At the end of the course the student will understand the relationships between the various discounting methods and be able to carry out simple operations involving them.
Contents    Annuities – Explanation, Types, Present Value, Future Value, term and Interest Rate; Mortgages – Explanation, amount of a mortgage, Mortgage Instalments, Return on capital; Discounted Cash Flow Techniques – Explanation, Net Present Value (NPV) and Internal Rate of Return (IRR) Approaches.

GE 164    INTRODUCTION TO GEO – INFORMATION SYSTEMS (2-2-3)  
Objective    The course introduces the student to Geo-information systems. It is expected that the acquired knowledge will become a tool for management of professional activities.
Contents    GIS concepts; Coordinate systems; Cartographic visualization; Multicriteria
evaluation; Manipulating field results in ArcView; Map projections; GIS input;
Data analysis; Introduction to ArcView; Geographic information and spatial
data types.


CSM 184    INTRODUCTION TO COMPUTERS II (1-2-2) 
Objective  This course continues the first part of the course started in the last semester. It introduces the student to more complex operations of the computer. 
Contents  Introduction to electronic spreadsheets (both DOS and Windows versions); Introduction to database (both DOS and Windows Versions); Introduction to the internet – how it works, e-mails, searching for information, etc.


ENGL 158    COMMUNICATION SKILLS II (2-0-2)
Objective    This builds on the previous course aimed at helping to improve the ability of the student to communicate in good and fluent English. 
Contents    The communication process; Skills in communication – reading, listening and summary skills; Communication in organizations; How to prepare efficient documents; The dynamics of oral communication, Speech writing and presentations; The telephone, usage and abuse, Interviews; Letter and employment correspondence: inquiry letter, claim letter, letter of adjustment, job application letter, curriculum vitae, letter of acceptance, letter of refusal, job description; Memos – Briefs, meetings, 
minutes; Technical report writing; Writing long essays and dissertations; Writing proposals.

YEAR TWO – SEMESTER ONE

LE 165     FUNDAMENTALS OF PLANNING (3-0-3) 
Objective     The course is aimed at equipping the student with knowledge about the basis of
planning in society. At the end of the course the student will have the basic tools to analyse planning decisions and their implications for society.
Contents    The meaning and nature of planning; The scope and types of planning – economic, social, spatial/physical, 
integrated; Planning and its relationship with Real estate; Classification, principles and determinants of land use; Planning process – surveys and data rationalization; Development planning – preparation and interpretation; General principles of location; The neighbourhood concept.


LE 251    LAW OF TORT (3-0-3)
Objective    The course seeks to give the student an understanding of the nature of relationships in tort. At the end of the course the student will be able to understand the legal implications of land ownership in relation to the rights of other people in tort.
Contents    General principles of liability in tort; Liability for torts of others; Torts relating to land; Trespass; Nuisance; Negligence.


LE 253    PRINCIPLES OF VALUATION I (3-0-3)
Objective    The course introduces the student to the basics of valuation. At the end of the course the student will be able to understand the role of the Valuer in society. 
Contents    Nature, purpose, functions and process of valuation; Role of the valuer in society; Elements and characteristics of value in economic, social, ethical theories; The nature and characteristics of real estate markets: the real estate market in Ghana; Determination of land values; Influence of land values in economic, social, fiscal and political policies; Distinction between Basis and Method of valuation; Introduction to methods of valuation.


MATH 153    STATISTICAL METHODS I  (2-0-2)
Objective    The course introduces the student to the nature of statistics and basic statistical concepts. At the end of the course the student will be able to carry out operations in statistics and analyse data using statistical tools.
Contents    Introduction to Basic concepts; notation, tables and charts and organisation of Data. Measures of location: Mean, median, Mode, Percentile for grouped and ungrouped data and graphical estimation. Measures of dispersion: ranges, mean, deviation, variance and standard deviation skewness and kurtosis. Probability, probability distributions, random variables and the normal distribution.


LE 257    BUILDING SERVICES (2-2-3)
Objective    At the end of the course the student will be able to identify and understand the 
nature and construction in buildings and neighbourhood services. 
Contents    Water supply and sanitation - Sewerage system and drainage; Repairs and restorations; sanitation and drainage systems i.e. above ground and underground systems, etc.; Studio Work.


LE 359    PRINCIPLES OF ACCOUNTING I (2-0-2)
Objective    The course aims at giving the student a detailed understanding of the principles governing accounting practice. At the end of the course the student will be able to prepare balance sheets and profit and loss accounts for non-complex organizations.
Contents    Purpose and structure of accounting; Books of accounts and accounting transactions; Position and income statement; Accounts and transactions; Trading and profit and loss account, Balance Sheet etc; Basic accounting concepts, accrual, going-concern, dual aspect, and cost concepts; Revenue, expenses and other charges.


ENGL 263    LITERATURE IN ENGLISH (1-0-1)
Objective    The course introduces students to opportunities to love the world of books in English and various Ghanaian languages.
Contents:  Special consideration will be given to language as a primary vehicle of literature; The stock of Africa’s oral literary heritage and performance traditions; The interrelations of literature and other disciplines; Poetry and drama.

YEAR TWO – SEMESTER TWO

RE 252    PLANNING LAW AND ADMINISTRATION (3-0-3)
Objective    The course aims at equipping the student with the basic tools for analysing 
planning decisions. At the end of the course the student will be able to understand and relate planning policy to practice in Ghana.
Contents    History and development of planning in Ghana; Institutional framework of planning in Ghana: Legislations – CAP 84, 
Local Government Act 462, LAP, NDPC Act 479, Act 480; Institutions – Town and country Planning, Lands Commission, NDPC, District/Municipal/Metropolitan Assembly; Development Control – Planning permission, application, approval and enforcement; Building regulations.


LE 252    PRINCIPLES OF CUSTOMARY LAND LAW (3-0-3)
Objective    The course introduces the student to the customary rules and regulations, which govern, land tenure relations in the country. At the end of the course the student will be able to identify the general rules of customary land tenure in the country and recognize the divergences due to the cultural differences among the various tribal communities in the country.
Contents    Customary definitions of land; Types of estate in land: Allodial, Usufruct, Licence, etc Incidents of the Allodial and usufructuary estates; Family usufruct and its incidents; Stranger usufruct; Customary tenancy arrangements: Abunu, Abusa, Huza, etc; Customary testacy - Nsamansiw.


LE 254    PRINCIPLES OF VALUATION II (3-0-3)
Objective    This course continues to expose the students to the valuation principles. At the end of the course the student will be able to apply the methods of Valuation to empirical situations.
Contents    The principles of investment; Estimation of the yield and the Year’s Purchase; The concept of Rental Value; Outgoings; Principal types of interests in real estate; Detailed treatment of the Investment Method of valuation – valuation of freehold interests let at full rental value, valuation of freehold interests let at less than the full rental value, valuation of leasehold and sub-leasehold interests; Effects of taxation on valuations.


MATH 154    STATISTICAL METHODS II (2-0-2)
Objective    The course introduces the student to the nature of statistics and basic statistical concepts. At the end of the course the student will be able to carry out operations in statistics and analyse data using statistical tools.
Contents    Central ideas of estimation, confidence intervals and hypothesis tests. To perform sensible statistical analyses using the computer package SPSS and to report the results of analysis effectively. Large sample estimation; large sample tests of hypothesis, small sample tests. Estimation and confidence intervals. Hypothesis tests (including test of association for tables). 
Experimental design and Analysis of Variance. Regression and Correlation. Multiple regression. Discrete distributions. Tackling non-standard problems (including data transformations). Overview and tips on writing statistical analyses.

LE 258    INTRODUCTION TO BUILDING QUANTITIES (2-2-3) 
Objective    The course is a continuation of the courses in building construction begun in earlier years. It introduces the student to the rudiments of quantity surveying. At the end of the course the student will be able to interpret a Bill of Quantities and be able to evaluate Interim and Final Certificates. 
Contents    General principles of building quantities - Purposes of a bill; process in quantity works; methods of measurements; modern quantity techniques; preparation and forms of bills; measurements, taking off, bill preparation process.  
Introduction to contract administration with emphasis of interim certificates and final certificates for practical and final completion; Studio Work.


LE360    PRINCIPLES OF ACCOUNTING II (2-0-2)
Objective    At the end of the course the student will be able to interpret the accounts of limited liability companies and be able to carry out depreciation of fixed assets.
Contents    Financial organisation and direction of business; The limited liability company, shares; Basic classification of accounts for holding business; Plant assets - Valuation of Plants; Depreciation of non-current assets.


ENGL 264    LITERATURE IN ENGLISH (1-0-1)
Objective    Builds on the objective of ENGL 263 in the previous semester.
Contents    Folktales, short stories and the novel. African and Western texts representative of this genre used to illustrate language, themes, and the literary devices employed for these different types of fictional expressions.

YEAR THREE – SEMESTER ONE

RE 351    HOUSING I (3-0-3)
Objective    The course introduces the student to housing, a sector of the real estate industry, and a crucial factor in the country’s socio-economy. The student is expected to appreciate the present state of the housing sector in the country and the mobilisation of resources for improving the sector within the context of a good hosing policy. 
Contents    Functioning and role of housing in economic development; Performance of the housing sector in Ghana- Housing policy; effect of policy interventions on housing quality, access and affordability; Housing finance; Systems for housing finance, finance mechanisms for individuals and firms – Techniques for savings mobilization and lending; Support facilities; Management.


RE 353    REAL ESTATE FINANCE AND INVESTMENT (3-0-3)
Objective    This 2-phase course introduces the student to the principles of investment relating to real estate including the basic principles underlying the appraisal of investments in the first segment. At the end of this phase the student will be able to undertake feasibility and viability appraisals of real estate investments.
Contents    Introduction to Investment Analysis; IRR, PV, NPV; Banking Policy and Practice (financial intermediaries); Introduction to the Capital markets: primary capital markets ; secondary capital markets; equity market; debt market; Quantitative Financial Analysis: ratios; models; time series; forecasts; Measures of Investment Performance using Ratios: Liquidity Ratios- current ratio, acid test, cash operating cash flow etc; Activity Ratios- inventory turnover, total assets turnover, working capital turnover; Leverage/solvency,  Ratios-debt to equity ratio, debt to market ratio, long term debt to equity ratio etc; Profitability Ratios- return on sales, return on assets, dividend payout, gross margins etc


RE 355    REAL ESTATE DEVELOPMENT (3-0-3)
Objective    This course focuses on the real estate development process. At the end of this segment the student is expected to know the stages in real estate development and the normal sequence of activities which characterise most real estate projects.
Contents    Real estate development- the process and the players; The development process; Stages - Idea conception, idea refinement, feasibility, contract negotiations, commitment point, construction, initiation of operations, asset management over time; Procurement Methods; Risk Management; Quality Control; Insurance; Arbitration; Construction Management: The Client- individual, Corporate, public; The consultant- Architect, Engineers etc; Quality Assurance; Project Coordination & Evaluation-Network Analysis.


LE 351     LAW OF REAL PROPERTY AND CONVEYANCING I (3-0-3)
Objective    This course aims at exposing the student to the major topics in the law of real property. At the end of the course the student will understand Conveyancing procedures and Mortgages and will be able to resolve issues relating to landlord and tenant relations. 
Contents    Sales and Assignments; Landlord and tenant relation; The Rent Act, 1963 (Act 220); Conveyancing Decree, 1973(NRCD 175); Licences; Registration of Deeds under Land Registry, 1962 (Act 122); Title Registration under the land title Registration Law, 1986 (PNDCL 152); Limitations Decree, 1974; Mortgages under the Mortgages Decree, 1972(NRCD 96).


LE 353    ADVANCED VALUATION I (3-0-3)
Objective    This course introduces the student to the practical application of the methods of valuation. The emphasis will be on practice; a number of exercises will be undertaken by the student. At the end of this course the student will be able to value properties using any of the methods of valuation.
Contents    Detailed treatment and practical application of valuation methods: Comparative Method; Replacement Cost Method; Profits Method; Residual Method; Investment Method: marriage value, premiums, surrenders and renewals of leases; Valuation for special purposes – mortgages, insurance, company assets, going concern, probate.


LE 361    RESEARCH METHODS (3-0-3) 
Objective: This course introduces the student to research methodology and its importance in real estate studies. At the end of the course the student is expected to be able to undertake small scale independent research.

Contents: Introduction to research; The research process; Formulation of the research problem; Elements of research design; Sampling; Sources of data; Survey Research.

YEAR THREE – SEMESTER TWO

RE 352    HOUSING II (3-0-3) 
Objective    The course continues with the first module covering areas such as the land factor, construction process, partnerships and the problematic informal housing sector. It is expected that it will complete the picture of a sound housing policy and delivery system for the advancement of the country’s growth.
Contents: The land factor in housing; land delivery for housing and tenure security; Housing construction and project management; formulating the project, tendering, supervision, construction administration; Partnerships in housing development; Role of stakeholders within the public, private and community sectors in housing delivery; opportunities for collaboration; The informal sector and slum upgrading; policies and instruments for problem of informal housing developments; The New ‘Ghana Shelter Policy’.


RE 354    ENVIRONMENT AND DEVELOPMENT (3-0-3) 
Objective    Students are expected at the end of the course to have an enhanced understanding of the intricate relationships between the environment and development and appreciate the links between resource development and sustainable environmental management.
Contents: Meanings of environment and development; Agents of environmental change; Concepts of sustainable development: weak and strong sustainability; Development activities and their impacts on the environment; e.g. construction activities such as housing, roads and dams; mining, etc; Environmental Impact Assessment (EIA): History of EIA in Ghana; legislation and practice. Methods of EIA, procedures and outcomes, including relevant case studies; Environmental Protection Measures: regulation-based and Incentive-based instruments.


RE 356    REAL ESTATE MARKETING AND BROKERAGE (3-0-3)
Objective    The objective of the course is to expose the student to the marketing of real properties and the principles underlying the practice of estate brokerage. At the end of the course the student will be able to function as an estate agent in marketing and other activities.
Contents: Definition of marketing; Types of real estate marketing activities; market research, market analysis, market plan; Defining brokerage; role of the estate broker; relationship between Principal and Broker; Forms of contract; Methods of sale; Conveyancing procedures; Marketing; Practical issues with Brokerage – Registration, Fees, Deposits, Gazumping, Multiple Listing; Public auction; Advertising; functions of advertising, types of real estate advertising, advertising media, genera advertising rules; Ghana’s Estate Brokerage and Salesmen’s Bill.


LE 352    LAW OF REAL PROPERTY AND CONVEYANCING II  (3-0-3)
Objective     This course is aimed at exposing the student to more practical applications of the law of property in Ghana. At the end of the course the student will have a deep understanding of the law relating to land title registration and compulsory purchase and compensation.
Contents    Compulsory Acquisition, Ownership; Nature of power of eminent domain; Discretionary powers; Public interest, Compensation: Market Value, Disturbance, Severance, Injurious Affection, Damages, The 1992 Constitutional Provisions; State Lands Act, 1962 (Act 123); Land Statutory Wayleaves Act.


LE 354    ADVANCED VALUATION II (3-0-3)
Objective    This course continues with the practical application of the Principles of Valuation. At the end of the course the student will be able to value special properties using the appropriate valuation methods.
Contents:  Valuation for special purposes – mortgages, insurance, company assets, going concern, probate; Valuation of special properties: agricultural holdings (including farms, farm houses forestry holdings, etc.) industrial (including plant and machinery, furniture, etc.), warehouses, offices, petrol filling stations; Statutory valuation for compulsory purchase and acquisition; Valuation of Statutory Wayleaves.


LE 362    RESEARCH METHODS II (2-0-2) 
Objective: The course builds on the Part I began last semester. At the end of the course the student is expected to be able to complete an independent research project by analysing data and writing the research report.
Contents:  Field Research; Data Processing; Analysis and Interpretation of Data; Ethics of Research; Report Writing; Practicals.

YEAR FOUR – SEMESTER ONE

RE 451    PROPERTY INSURANCE (2-0-2)
Objective    It is intended that at the end of this course that students should be equipped with the fundamentals of insurance and the application of these to real estate. It is thus a key objective of the course to provide an awareness of the relevance of insurance in the property industry as well as provide the requisite skills in understanding the relationship between the insurance and property industries.
Contents    Definition and History of Insurance; Basic Insurance Principles: insurable interest, utmost good faith, indemnity, proximate cause, subrogation, etc; Application of basic insurance principles to property, including insurable and uninsurable risks and who may insure; The insurance market, policy and practice: sum insured, calculation of value and premiums, etc.


RE 459     PROJECT WORK I (3-0-3)
Objective     To provide students an opportunity to demonstrate their research methods training in practice in partial fulfilment of the requirements for the award of the degree.
Contents: Topic dependent.


LE 363    ESTATE MANAGEMENT 1 (3-0-3) 
Objective    The course introduces students to basic management principles and brings together some of the knowledge acquired so far in the Real Estate programme into a study of the principles governing Estate Management. It is to enable the student to understand the rudiments of Estate Management practice. 
Contents: Introduction to Management: Definitions, Functions, Skills, Levels, TQM etc; Basic Concepts Overview: Estate, Property etc; Estate Management: Definitions; Objectives of Estate Management; Functions of Estate Management; Approaches to Estate Management: In-house, Agent etc; The Estate Management Process; Estate Management as an Integral Part of the Organisation.


LE 451    LAW OF SUCCESSION AND TRUST (3-0-3)
Objective     This course aims at enhancing the student’s understanding of the law as it relates to Trusts and Succession. At the end of the course the student will be able to advice on the creation of trusts and interpret issues connected with testate and intestate succession.
Contents: Private Trust and Public Charitable Trusts; Express, Implied and Constructive Trusts; Appointment, Discharge and Duties of Trustees; Testate and Intestate Succession in Ghana; The Wills Act, 1971(Act 360):-Essential requirements of a Will, Executors and Witnesses, Revocation of Wills and Revival of Revoked Wills, Wills made outside Ghana; Probate and Letters of Administration; Intestate Succession Law, 1985(PNDCL 111).


LE 455    PROFESSIONAL PRACTICE I (3-0-3)
Objective     The course seeks to prepare the student for the practice of the profession. At the end of the course the student will be able to write simple professional reports, and know the procedures to be followed in appearing as an expert witness in court and preparing an appeal before the Rate Assessment Committee.
Contents    Market Research for valuations; Analysis of market data; Components of the valuation report: Date of Valuation, Authority for the valuation, Description of property, Situation, Title, Conformity to zoning and other planning regulations, Services, Constructional Details of the property, The Valuation Certificate; The Valuer as an expert witness in a court of law; Appeals before a Rate Assessment Committee. Practical examples of real estate feasibility and viability analysis, writing of contract proposals, Study visits to real estate developments sites.

YEAR FOUR – SEMESTER TWO

RE 452    REAL ESTATE TAXATION (3-0-3) 
Objective    The course is aimed at analysing the various taxes in the country with particular reference to land taxes, so that at the end of the course the student will be able to apply taxation in his work. At the end of the course the student will be able to interpret the Valuation List and apply the principles of property rating to district assemblies.
Contents:  Principles and canons of taxation; tax policy; distinction between central Government; taxes and local levies, Forms of income taxes; Corporate and personal income tax, Profit tax, value added tax etc. Objectives of real property taxation; Types of real property taxes in Ghana: Gift tax, Inheritance tax, Wealth tax, Capital Gains tax, Stamp Duty, Rent tax; Betterment Levies; Income tax and real estate investment; Tax credits; Tax accounting.


RE 460     PROJECT WORK II (3-0-3)
Objective     To further introduce students to independent small-scale research work.
Contents: Topic dependent.


LE 364    ESTATE MANAGEMENT II    
Objective     This course brings together some of the knowledge acquired so far in the programme into an extensive study of the principles governing Estate Management practice and introduces the student to Facilities Management. The course is to enable the student to understand and perform basic Estate and Facilities Management functions.
Content    Property Maintenance; Estate Management Records; Outgoings & Service Charges: Taxes, Insurance, etc; Managing Different Types of Properties; Estate Management Policy; Introduction to Facilities Management.


LE 452    ARBITRATION AND CIVIL PROCEDURES (3-0-3)
Objectives     In this course the student is exposed to the legal principles underlying arbitration. Also introduced are the elements of Civil Procedure. At the end of the course the student will be able to serve as an umpire and conduct arbitration proceedings. The student will also be able to appear in court as an expert witness.

Contents: Customary Arbitration: Features, Effects, Relationship with Negotiated Settlements, How to Set Aside Award, Statutory Arbitration: Principles; Arbitration Act 1961; Powers of Arbitrator and Umpire; Conduct of Proceedings; Awards; Costs and Fees; Civil Procedures: Proceedings, Applications, Pleadings, Conditional Appearance, Third Party Contributions etc.


LE 456    PROFESSIONAL PRACTICE II (3-0-3)
Objective: The course seeks to prepare the student for the practice of the profession. At the end of the course the student will know about the regulation of professional activities in the country and also be able to manage a professional office.
Contents: Rules of professional practice and code of conduct; The Ghana Institution of Surveyors: Constitution and Bye Laws; Code of professional ethics, Discipline; Professional liabilities and indemnities; Types of professional firms and their implications; Office procedure and management: Job descriptions, Organization of personnel, Chain of authority, Specialization, Office records, Cash flow and expenditure management, Tax liabilities.