BUS 1340: PRINCIPLES OF MANAGEMENT
This is an elementary Course. It aims to provide a comprehensive introduction to the key elements of an organisation, its environment and the process of Management. Along with an introduction to historical evolution of Management, the Course will facilitate you to gain a basic knowledge of the concepts, models and the theoretical foundations of Management. Therefore, knowledge gained through this Course will be beneficial for you to follow the Degree programme successfully.
DSC 1340: BUSINESS MATHEMATICS
This course, which is the first course in Mathematics, introduces students to basic principles, laws and rules necessary to develop an overview of application capabilities of the subject matter in the field of business and economics. e course covers functions, differentiation of functions, maxima and minima of functions, partial derivatives, integration, and area under curve and between curves and mathematics of finance. The course also includes the applications of differentiation and integration in business and economics. Under the applications of differentiation, topics such as prot maximization, cost minimization, elasticity of demand, and marginal analysis are discussed. e major topics covered under applications of integration include marginal revenue and marginal cost, consumer’s surplus, producers’ surplus, total change in revenue, etc.
ITC 1340: INTRODUCTION TO INFORMATION TECHNOLOGY
This is an introductory level course consisting of both basic theory and practice relating to Information Technology. The theoretical module includes: Introduction to Computers, Computer Hardware, Computer Software, Internet and World Wide Web and network and Internet Security. The practical module provides the knowledge and operational skills on word processing software, spread sheet software which are frequently used in an organizational environment.
PUB 1240: SOCIO-POLITICAL ENVIRONMENT
Socio-political environment and profit-oriented business are inter-dependent. In one hand, business are influenced by the socio and political forces while on the other hand, socio-political environment is influenced by the businesses. Accordingly, this introductory course unit is designed for the Management undergraduates to gain fundamental understanding about social and political environment in which every business operates. As prospective professionals and citizens who will interact with the societal and political institutions, it is necessary for an undergraduate to learn civic, social and political dimensions. is course facilitates learners to identify and respond to various social trends and changes in the political milieu, focusing on the substance of culture, socialization, social trends, social institutions, government, democracy, and interactions between different agents in the society. Further, it discusses the government mechanism which is currently being practiced in Sri Lanka.
COM 1240: LEGAL ENVIRONMENT
This course is intended to help undergraduates attain a basic understanding of the concept – Law and legal system in Sri Lanka particularly as it relates to business organisations. Undergraduates must be able to appreciate the very effect of the various areas of law in their work and life. is course prepares them for instances where they would encounter legal issues and in business/commercial formation issues throughout their career.
BCC 1340: BUSINESS COMMUNICATION I
This course aims to help students reach the level of Band 4/5 of the UTEL. Upon completion of the course, students should be able to construct both simple and complex sentences accurately, express their views meaningfully in brief discussions and telephone conversations, obtain required information from auditory texts, read and extract information in texts for a variety of purposes, write short texts and business letters.
EMV 1040: SOFT SKILLS DEVELOPMENT
Objective of this course is to support new students to settle themselves in the university learning environment and to familiarize with the culture of the department and the study program.
HRM 1340 :HUMAN RESOURCE MANAGEMENT
An obvious interdependence exists between our society and organizations that produce goods and services in order to fulfill our needs. e standards of living and even survival of people in society depend on the goods and services of the organization. Thus, any society/nation wants organizations that need people to achieve organizational objectives. Human Resource Management (HRM) is managing these people in organizations. e main objective of this course is to provide a systematic and rational understanding of HRM, both conceptual understanding and job-oriented practical understanding. It focuses on a systematic and scientific approach to the analysis and handling of issues/problems in HRM with especial reference to the Sri Lankan context. e main areas covered are: Introduction to HRM, organization of the HR Department, job design, job analysis, human resource planning, recruitment, selection, hiring and induction, performance evaluation, pay management, training and development, employee movements, management of discipline, safety, health and welfare administration, grievances handling and management of labour relations.
DSC 1341: BUSINESS STATISTICS
This course provides an introduction to the fundamental concepts, principles and methods of Business Statistics. e topics include descriptive techniques, probability theory, probability distributions and inferential techniques. e major topics discussed under descriptive techniques include data collection, presentation and organization and statistical summary measures. Three important theoretical distributions, namely, Binomial, Poisson and Normal distribution are discussed under probability distributions. e major topics under inferential techniques include sampling and sampling distributions, estimation and hypothesis testing.
BEC 1340: MICROECONOMICS
This course is designed to introduce economic theories and tools and methods of analysis that are useful in the study of various economic issues and in business decision-making. It covers intermediate theory of demand and supply, theories of consumer behaviour and production, various market structures, factor market for labour, general equilibrium and welfare.
ACC 1340: FINANCIAL ACCOUNTING
This course aims at developing students’ knowledge of accounting standards, and understanding of their application in the preparation and presentation of Financial statements of a corporate entity. e areas covered are: overview of Financial accounting; conceptual framework of Financial reporting; presentation of Financial statements; accounting for assets; accounting for property, plant and equipment; accounting for investment property; accounting for borrowing costs; accounting for impairment of assets; accounting for liabilities; accounting for leases; accounting for revenue; and consolidated Financial statements. e Accounting subject of GCE (Advanced Level) will provide the foundation for this course.
BCC 1341: BUSINESS COMMUNICATION II
This course aims to help students reach the level of benchmark Band 5/6 of the UTEL. This course introduces the students to language skills required in different business situations. Upon completion of this course, students should be able to participate in business meetings confidently and effectively, communicate effectively in a variety of situations, take down notes from auditory texts, read and respond to texts for a variety of purposes, write short formal texts and business letters, and use presentation techniques effectively and make brief presentations.
EMV 1041: SOFT SKILLS DEVELOPMENT
Objective of this course is to direct new students towards their study areas enabling them to design their study plans and targets.
EMV 2240: NATURAL RESOURCE MANAGEMENT
The real estate deals with land and buildings. Land includes everything in terms of natural resources thus deals with land either directly or indirectly affect the natural resource base of any country. the subject natural Resource Management provides the basic knowledge relating to the value of natural resources and the ways in which managing them in a sustainable manner.
This course relates with the core subjects of the degree programme like Valuation, Real Estate Management, Urban and Regional Planning. Though there is no pre-requisite to qualify to follow this subject, it is a general understanding that every student has at least common sense on many aspects that discuss under this course.
EMV 2241: SURVEYING AND LEVELLING I (THEORY AND PRACTICAL)
This course covers introductory concepts of Surveying and Levelling. It focuses on both the theoretical and practical knowledge of Surveying and Levelling. There is a compulsory practical component for this course.
EMV 2442: BUILDING CONSTRUCTION I (THEORY AND PRACTICAL) AND COMPUTER AIDED DESIGNING
The course provides knowledge of locational, environmental, functional and technical aspects of building in the context of valuing them and also enhances the skills of drawing and designing of buildings. The course on Computer Aided Designing focuses on enhancing the skills in relation to the drawing and designing buildings.
EMV 2343: LAW OF CONTRACT AND TORT
Knowledge of law of contract and English law of Tort is vital in land contract and building contact. Valuer can identify the validity of land transaction in order to ascertain the interest in land required for the valuation. e course provides knowledge in order to understand the effect of nuisance and human acts on the value of the property.
EMV 2344: LAND ECONOMICS
This course is included in the program as a fundamental knowledge component. It focuses on the application of theory of economics to the problems related to the use of land. It begins with some of the concepts relevant to land and its unique characteristics while it moves to the areas of land planning and management. e course provides the knowledge on land and related issues, which serves as a foundation to core courses in the degree program.
EMV 2345: PRINCIPLES OF VALUATION
This is the foundation course on property valuation. e course covers an introduction to key concepts and theories related to property valuation. It focused on regulatory framework on valuation including interest of the property, role of the valuation and valuer in an economy, and different concepts of value. Further course introduces various methods of valuation, the applicability of each method in valuation context and examines the limitations of these methods.
EMV 2246: SURVEYING AND LEVELLING II (THEORY AND PRACTICAL)
This course provides the knowledge and application of advance techniques related to surveying and levelling applicable in real estate development and management, valuation and planning.
EMV 2347: BUILDING CONSTRUCTION II (THEORY AND PRACTICAL) AND COMPUTER AIDED DESIGNING
This course provides knowledge of building construction especially in relation to the role of various parties involved in the construction procedure and the professionals working in connection with buildings. It also enhances the skills of drawing and exposes the students to practical experience through site visits. e course on Computer Aided Analysis focuses on enhancing the skills in relation to the construction/project related analysis.
EMV 2248: BUILDING COST ESTIMATION
Building estimation, which is a part of the course, provides the knowledge of building estimation and cost variations in the construction industry in Sri Lanka. is course covers the basics of Initial (preliminary) estimate of the project costs at the different stages of the project, preparing the BOQ, Pricing different work items etc.
EMV 2045: SOFT SKILLS DEVELOPMENT
The objective of this course is to enhance personality traits that improve the ability of graduates to deal with people effectually and politely, in addition to their technical/- professional skills. e course mainly deals with activity based training programmes to enhance basic skills such as interpersonal skills, team spirit, social grace, business manners, negotiation skills, behavioral characteristics, etc. that enable them to effectively suits their social and business environment through grooming their people skill, social skills, character traits, career attributes and emotional intelligence.
EMV 3340:PROPERTY LAW
This course covers area of Law relating to property. It aims at the application of the principle of Law in the issues of legal interest in land, ownership, acquisition, conveyancing and compensation etc. is course focuses on the application of Property Law knowledge in other areas of study in B.Sc. (EMV) degree programme.
EMV 3341: INFORMATION SYSTEMS (THEORY /PRACTICAL)
This course focuses on principles, techniques, and applications of Geographic Information Systems (GIS). It combines lectures with substantial amount of practical component. ere is no prerequisite for this course. Practical component of this course directly related to application of Urban and Regional Planning I, II, Valuation and Real Estate Development & Management. In addition, knowledge acquired to this course is useful for the Real Estate Project and other practical component of the degree programme.
EMV 3342: URBAN AND REGIONAL PLANNING I
This is an introductory course of urban and regional planning useful for professionals in real estate management and valuation. It aims to enhance knowledge on the concepts of urban and regional planning. e course covers aspects like historical evolution of urban planning (global and local), types of plans and important key concepts. No need of pre requests.
EMV 3243: REAL ESTATE FINANCE
The course Real Estate Finance focuses on fundamentals of Finance on development process of real estate. e course focuses on basic steps of real estate development and introduces how cash Flow and residual methods applied on real estate development option evaluation. e latter section of the course emphasis into Financial analysis areas on residual and DCF valuations and sensitivity analysis to development appraisals in the context of different forms of funding options available to developers. The last section of the course discusses the application of risk analysis and management in appraising investment opportunities.
EMV 3244: REAL ESTATE MARKETING
The term marketing generally connotes with the marketing of goods and services produced to various customers. Even though the principles and concepts are the same, marketing real properties takes a different perspective due to special characteristics of real estate or real property. The real estate marketing therefore, significantly differs from marketing of other goods and services. It is not a story about the customer and the seller or the marketer. Real estate marketing deals with many other actors who are professionals in their own elds but has a role to play in transaction of properties in the market. However, principles of marketing equally apply to market real properties under salient characteristics of the real property market and its related functions. Marketing of real properties takes a key role in real estate development. e knowledge and skills in marketing provide many additional advantages to the professionals in the field, which they will be able to handle multiple tasks such as a valuer, broker or estate agent or as a developer.
EMV 3345: ADVANCED VALUATION (THEORY AND PRACTICAL REPORT)
Valuation of real property is one of the key courses in the degree program. e course covers an advanced treatment of mainly the five standard methods of valuation applied in property valuation. e course discusses the risk and uncertainty valuation of freehold and leasehold interest, determining the appropriate years purchase, and deriving the market value under each method. In addition, the students are trained on writing report specifically focusing on non-statutory valuations particularly for mortgage purpose.
EMV 3346: CONSTRUCTION PROJECT MANAGEMENT
This course provides a special knowledge and skills in construction management. It mainly focuses on construction industry and its activities related to the real estate market. e course mainly deals with introduction to construction industry, construction process, role of professions in construction industry, methods and techniques of evaluation of construction projects and cost-in-use.
EMV 3247: LOCAL GOVERNMENT ADMINISTRATION
This course aims to educate students on the legal and institutional set up and the finance system of the local government system in Sri Lanka. Secondly the role of local authorities in planning and management of their area of authority and handling property assessments to improve the quality of living environment are also discussed.
EMV 3448: URBAN & REGIONAL PLANNING II (THEORY AND PRACTICAL)
This course is a continuation of the previous course of urban and regional planning I. This aims to analyse issues and challenges of Urban and Regional Planning, and to give knowledge on institutional and legal framework related to planning in Sri Lanka. _is course also provides the required skills to assess the land requirements for urban planning and real estate development/ management/ valuation such as density measurements, layout design. Urban and regional planning I is the pre requests for this course.
EMV 3349: AGRICULTURAL VALUATION (THEORY AND PRACTICAL REPORT)
This course provides and introductory level treatment of major concepts in Agriculture. It mainly focuses on basic concepts related to soil science, principles of crop science and agricultural economics in order to provide students with basic knowledge and skills needed to value agricultural properties in both domestic and plantation sector. This course specially deals with valuation aspects of properties of plantations such as tea, rubber and coconut.
EMV 3350: APPLIED VALUATION I
This course provides an in-depth treatment of more advanced concepts in valuation. It focuses largely on valuation mathematics, discounted cash ow, comparative uses of NPV and IRR, and incremental analysis. It also covers valuations of a complex nature involving legislation such as Land Acquisition Act, Rent Acts, UDA Law, NHDA Law and BOI Act etc.
EMV 3351: REAL ESTATE PROJECT
Aim of this course is to encourage students to develop their basic skills and knowledge through practical applications. is exercise continues throughout the academic year and students’ work will be evaluated at the end of Second semester. Group projects are designed by the department and evaluated by a group of supervisors. Special guidelines are provided at the beginning of the semester.
EMV 4340: RESEARCH METHODS
This course provides a comprehensive introduction to research proposal writing, research methodologies, and foundational research theories and protocols. Students will learn about the cyclical nature of social science research and the iterative process of research writing. is course teaches students how to write a proposal, conduct independent studies, and work collaboratively with a supervisor. e curriculum is sequential, helping students to identify a study topic, formulate inquiry questions, organize literature review, and select appropriate research designs and methodologies. Students use the proposal, they developed to establish the foundation of the research that they are supposed to complete in the final year.
EMV 4341: URBAN ECONOMICS
Urban Economics is the study of the behavior of choice of location for rms and households. Urban Economics also examines the urban problem and state policies. This course includes a set of topics that are related with the real estate sector in urban areas. In general, EMV final year students are equipped with concepts/models/theories and practical examples in connection with urban economics enabling them to analysis economic contexts of urban areas in property development, management and valuation.
EMV 4342: REAL ESTATE DEVELOPMENT AND MANAGEMENT
The scope of Real Estate Development and Management (REDM) is wide as it is multi-disciplinary in nature. is course covers some selected areas and shows the inter relationship of this course with the rest of courses of the degree program. e general objective of this course is to provide the overall understanding of the discipline of real estate development & management and its relationship with value of real estates for EMV undergraduates.
EMV 4443: APPLIED VALUATION II (THEORY AND PRACTICAL REPORT)
This course is offered as an advanced treatment of Applied Valuation I with the view to produce graduates suitable especially for the profession of Valuation. is course provides students with a comprehensive knowledge and basic practical aspects needed to prepare statutory valuation for payment of compensation for properties acquired by the state, assessment of annual value of properties for levying rates by the local authorities, assets valuation for financial accounting purposes, valuation for stamp duty purposes particularly to develop skills to defend state valuations at the Land Acquisition Board of Review.
EMV 4544: INDEPENDENT RESEARCH REPORT
The objective of this course is to introduce and develop the required skills and knowledge of conducting a research on real estate particularly in areas covered by the degree program. Research Methodology course and seminars/workshops organized by the department are prerequisites for this course. Each individual student is supervised by a senior academic member of the Department. This course continues throughout the final year. Duly completed research reports with the supervisor’s approval will be evaluated and the students are supposed to face for a viva-voce examination as a part of the final evaluation. Special guidelines are provided at the beginning of the final year.
EMV 4645: INDUSTRIAL TRAINING
It is expected to expose undergraduate for relevant “Field Experience” through working with Real Estate Professionals (such as Valuers, Realtors, Developers, Planners, Managers etc.). Students should maintain proper records of their work experience such as property visits, data collection and analysis, writing reports etc. Guidelines and field record books are provided. Individual supervisors and a panel of interviews will evaluate the training component.
EMV 4046: PROFESSIONAL DEVELOPMENT AND ETHICS
This course aims to develop competent graduates for special professions in the real estate sector such as real estate valuers, real estate managers etc. Accordingly, the prospective graduates have to work as (and along with) such professionals locally and internationally. Hence, this course expects to aware final year students about the industry where they will be in near future and ethics, code of conduct, standard etc. related with their future careers.