This lecture introduces the flipped classroom format course on real estate economics, covering topics such as land markets, property values, and housing markets. The instructor explains the course structure, including weekly modules with videos, quizzes, and exams. The course gradually increases in mathematical complexity, focusing on financial valuation methods used in real estate today. The lecture also mentions a Master of Advanced Studies program in real estate expertise offered by EPFL. The instructor encourages students to engage with the course material at their own pace and provides insights on exam preparation and the importance of understanding financial, technical, and legal aspects of real estate valuation.