The module will consider:
- Basic principles of microeconomics;
- Land as a social and economic resource - the significance of the UN Sustainable Development Goals;
- Property rights and markets – land prices and values;
- The functioning of a property market;
- The role of property markets in the wider economy;
- Basic principles of macroeconomics;
- The demand for, and supply of, land for housing;
- The price and value of agricultural land;
- The economics of the environment: challenges to conventional economic theory;
- International property markets;
- The circular economy
To achieve credit for this module, students must be able to:
- Demonstrate a sound understanding of basic macro and micro economic concepts with particular reference to land and property and the functioning of local, national and international property markets;
- Demonstrate a sound understanding of the global economic significance of land and property.
- Demonstrate a sound understanding of how resources are allocated in conditions where markets do not operate.
|Coursework||1500 word term paper||50%|
Assessments may differ in 2021/22 due to adjustments for Covid-19. Please check Gateway for the latest regulations.