GSD Course Bulletin - Spring 2012

This term's information was last refreshed on 12 MAY 2015 14:53:34.

Courses taught by John Macomber

07309 [M3]: Sustainable Cities: Urbanization, Infrastructure, and Finance (PRO 0730900)

Urban Planning and Design
Lecture - 2 credits - Limited enrollment
This course is a module. It lasts the first half of the semester only.
This course has an IRREGULAR meeting schedule. Please see full course description.

Instructor(s)
John Macomber

Course Description

Jointly Listed at Harvard Business School as HBS 1485
This course has an irregular schedule: Tuesday January 24 then most Wednesdays, Thursdays, Fridays on HBS calendar, 1:30 - 2:50 pm, ending on March 1, 2011. Please refer to the Y schedule (will be the right column, Term 4): http://www.hbs.edu/mba/registrar/pdf/ComboCalendars11-12.pdf Harvard Business School Aldrich Hall 208

General Notes:
GSD students should register for this course as GSD 7309. The course GSD 7409, "Real Estate Development, Design, and Construction" continues in the same time block through the end of April. Together the two courses constitute a full 4 credits. This course is taught by the HBS Case Study method. Grading is by a combination of class participation and final exam. Students registered into GSD 7309M3 receive a GSD format grade, not an HBS grade. This is primarily a finance course, with significant aspects of urban planning and design woven in.

Overview:
Around the globe, the migration of hundreds of millions of people from countryside to cities will be a major force shaping societies and businesses for decades to come. At the same time, important resources like energy, clean water, clean air, and land are becoming increasingly scarce and costly. Governments have decreasing capability to directly fund infrastructure and the built environment. This course develops skills for addressing these trends and explores strategies for making a difference. Both US and non-US situations are studied.

Career Focus:
This course will benefit students who intend to be managers, capital providers, or advisors to organizations which look ahead to compete in a context of urbanization and resource scarcity. Typical roles would include service businesses, infrastructure finance, project finance, public sector consulting, private equity, retail and consumer products, not-for-profits, and real estate development, among others. There is particular emphasis on financial tools and design practices relating directly or indirectly to the built environment (urban areas, buildings within them, and large systems like energy, ground transportation, and water).

Educational Objectives:
The objective of the course is to help managers to understand the concepts, skills, and strategies that inform competition in this setting. The course focuses on creating business value through approaches which reduce demand and increase resource effectiveness, as distinct from supply based approaches like alternative energy or agricultural efficiency. Since few individual businesses or organizations can directly influence demographic changes or government policy, the emphasis is on equipping business leaders to act in the context of trends and circumstances while using resources which they control.

Course Content and Organization:
Concepts. The central question in this module is: What is to be expected? Cases and topics include the demographics of urbanization, projections with respect to supply and demand in several resource types, day to day impact on business, and the framework of cities and regions considering effectiveness of infrastructure as an element of competitiveness.

Skills. The principal query in this module is: What skills do I need in order to analyze and contribute in this context? Tools include resource efficiency and demand reduction in buildings and transportation, large scale project finance, fundamentals of urban planning, resource efficient building design, site selection, and the private finance of public infrastructure including energy, water, waste, and transportation.

Strategies. The final module considers: How can I create value in this context? Topics include market selection, scenario planning and forecasting with respect to demographic and resource possibilities; public private partnerships; subsidies and incentives; and case examples of companies facing different obstacles.
 
 


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07409 [M4]: Real Estate Development, Design, and Construction (PRO 0740900)

Architecture
Lecture - 2 credits - Limited enrollment
This course is a module. It lasts the second half of the semester only.
This course has an IRREGULAR meeting schedule. Please see full course description.

Instructor(s)
John Macomber, Christopher Gordon, Eugene Kohn

Course Description

Jointly Listed at Harvard Business School as HBS 1465
This course has an irregular schedule: Most Wednesdays, Thursdays, Fridays on HBS calendar, 1:30 - 2:50 pm, starting Wednesday March 7th and ending Friday, April 20th. Please refer to the Y schedule (will be the right column, Term 4): http://www.hbs.edu/mba/registrar/pdf/ComboCalendars11-12.pdf
Harvard Business School Aldrich Hall 208

General Notes:
GSD students should register for this course as GSD 7409.The course GSD 7309, "Sustainable Cities: Urbanization, Infrastructure, and Finance" runs in the same time block in the first half of the semester. Together the two courses constitute a full 4 credits. Enrollment limited to 30 GSD students. This course is taught by the HBS Case Study method. Grading is by a combination of class participation and a team project. Students registered into GSD 7309M4 receive a GSD format grade, not an HBS grade. This is primarily a finance course, with significant aspects of architecture and urban design woven in.

Career Focus:
This course focuses on students who expect to be leaders in the global real estate industry and its related specialties. In the near term, these students will lead in the built environment as project managers in real estate development, real estate investing, private equity in real estate, architecture, urban planning, construction, or other fields emphasizing project management. In the longer term, these students will be leaders in those firms and in the industry. The course will also be relevant to students with a general interest in buildings and design.

Educational Objectives:
The educational objectives of this course are to introduce students to the basic tools and concepts needed to be thoughtful users of design, and effective project managers and leaders in the built environment. The analytical tools address a set of management skills that grow from the project level to the firm level to the regional and industry levels. Skills range from understanding pro formas and schedules; to managing architects and contractors; to strategies for the real estate practice; to analyzing and anticipating impacts of major trends in the next decade in real estate development, design, and construction.
Jointly-listed between Harvard Business School and Harvard Design School, this course is intended to serve an audience comprised of students from both schools, using faculty and concepts drawn from both schools and combining issues in finance, architecture, project materials and methods, and planning.

Course Content and Organization:
The course is organized into four modules. They follow the chronology of development, design, and construction including two different aspects of design, and two different sets of implementation tools.
1. Development Vision: Creating in the Built Environment
2. Development Economics: Marriage and Tradeoffs
3. Design: Aesthetics, Pragmatics, and Value
4. Construction and Project Management: Toolkit

Classes and assignments include case study discussions, simulation exercises, group and individual short projects, polls, and a multi-phase final project delivered in groups and drawing on all the tools of the course.
This course is distinct from the "Real Property" and "Real Estate in Emerging Markets" courses at HBS since this curriculum focuses primarily on the conception, creation, and delivery of projects, with less emphasis on capital markets and the management of cash flowing real assets. It is a good project specific complement to "Sustainable Cities: Urbanization, Infrastructure and Finance" at HBS which has more emphasis on infrastructure, large projects, and resource effectiveness. This course is distinct from other professional practice courses at the Harvard Design School due to its extensive combination of design, project delivery, and real estate economics, as well as its use of the HBS Case Study pedagogy.

 
 


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