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About this Course

75 students enrolled
6 instructors

Course Description

Urban economics is the study of cities and regions, and the economic activities therein. As a discipline, urban economics lies at the intersection of geography and economics, introducing the role of space into economic considerations. Students will expose to the theories and economic concepts that affect one’s decisions in determining the use of land resources. It will also discuss the functions of a free market system and common urban problems

Course Learning Outcomes

1 ) Measure urban macroeconomics model used in urban economic analysis using the methods of appraisal
2 ) Associate the numeracy skills in synthesizing the physical, locational and institutional factors to determine the governor, supply and demand for land resources

Course Details

STATUS : Open
DURATION : FLEXIBLE
EFFORT : 2 hours per week
MODE : 100% Online
COURSE LEVEL : Intermediate
LANGUAGE : English
CLUSTER : Science & Technology ( ST )

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Syllabus

1.1Urban economics and cities
1.2Urban growth, cities exist

2.1 Cost, revenue and profitability
2.2 Land rent theories Malthus, Ricardo, Von Thunen, Alonso
2.3 Economics and commercial rent of land

Definitions of land and land resources
The pricing of land resources
Effects of rent on land use allocation
Retail, office, industrial and residential location
Factors determining the use of urban land

Agglomeration economics
Cluster of firms
Rationale of development
Impacts of development
Externalities

Evaluation and selection of development project
Estimating market trends
Adjusting market price
Pricing of non-market goods spill over effects and intangibles Modern methods of appraisal - Residual method, internal
rate of return, net present value, payback period, cash flow analysis, cost enefit analysis