Module:Land and Property Economics

Module details

  • Module code

    1321

  • Module leader

    Fawaz Khaled

  • Module Level

    4

  • Module credits

    15

  • Min study time

    150 hours

  • Contact hrs

    36 hours

Module content

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

Module outcomes

To achieve credit for this module, students must be able to:

  1. 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;
  2. Demonstrate a sound understanding of the global economic significance of land and property.
  3. Demonstrate a sound understanding of how resources are allocated in conditions where markets do not operate.

Assessment

Assessment Description Weighting
Coursework 1500 word term paper 50%
Coursework 1.5hr examination 50%

Assessments may differ in 2021/22 due to adjustments for Covid-19. Please check Gateway for the latest regulations.