Land Use Economics applies economic theory to the study of spatial structure, urban growth, location theory, the property market and town planning. It is concerned with the process of development and the techniques of investment analysis, welfare considerations, the economics of urban decay, urban renewal, housing and the operation of the construction industry. It identifies the factors that influence the geographical patterns of economic activity. It introduces the student to the implications and outcomes that result from specific public and strategic economic policies. The property tax component provides students with an a high level overview of property taxes and how they can impact development patterns.
Urban Growth
Spatial Growth and Urban Growth, land use theories and growth theories, location theory and urban growth, sustainability due to climate change
Real Estate Markets
The Market and Urban location theory and land uses, retail, residential, commercial, industrial.
Property and regulation
The Property and Investment Market and Town planning. Price determination, property as an investment, property cycles and effects of government intervention
Economics and development
Investment Appraisal and the Economics of Development, Types of development, calculations of the price of land, the economics of redevelopment and rehabilitation.
Welfare Economics and Environmental Considerations
Welfare Economics, land and the Environment, ESG analysis and climate change, Pollution, externalities and public policy
Externalities
Urban Congestion and economics of traffic congestion
Urban Renewal
Urban Decline and Renewal, renewal strategies, carbon footprint and repurposing of buildings, local government taxation.
Housing markets and policy
Housing Market and Housing Associations, supply of housing and housing tenures.
Construction industry
The construction industry nature and characteristics, its structure, and technical developments.
Property Taxation
Principles and history of property taxation, Property tax systems (Europe, UK and Globally), Economic impacts of Tax Policy on Urban Development including investment and land use.
This module is designed to utilise a variety of learning methods thereby maximising the learning outcomes. A structured lecture-content forms the basis of the programme. A series of two hour lectures with supporting slides and where students will be encouraged to discuss and raise topical matters related to the subject from journals and published reports.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 60 |
| Other Assessment(s) | 40 |