An Integrated Property Market Model: A Pedagogical Tool

Abstract

Executive Summary. The Fisher-Di Pasquale-Wheaton model is an elegant metaphor of the integration of the property market, capital market and construction activity. This model was presented in previous articles and officialized in one of the best textbooks in property economics (Di Pasquale-Wheaton, 1992). This article briefly describe the model and shows how it can be used as an interactive pedagogical instrument that facilitates the simultaneous introduction of theoretical modeling, Excel simulations and familiarization with web document interactions.