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Property in the Modern Economy (PROP10002)
Undergraduate level 1Points: 12.5On Campus (Parkville)
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Overview
Availability | Semester 1 |
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Fees | Look up fees |
This subject introduces basic concepts in property and explores the dynamics of the market in relation to major themes that dominate modern discourse. Students are introduced to the various legal, economic and social systems that affect property as well as theories and practices related to decisions about the control, transfer, and development of the built environment. A core principle underlying the subject is the interaction of property with economic, environmental and social factors. Key learning will include an understanding of land ownership in Australia and market mechanisms and activities that have developed over time as a central aspect of the functioning of our cities and regions.
The subject is segmented into three, four-week blocks. The first block, Understanding Property, includes an overview of real property, property rights, urban planning, valuation and finance. The second block, People and Property, covers indigenous property rights, immigration, social responsibility in the provision of housing, and corporate social responsibility. The final block focuses on the Environment and Property with an emphasis on sustainability, the property life cycle, and climate change.
The subject will introduce students to:
- The role of economic, social and environmental factors in shaping real property in Australia;
- How property is conceived in legal, social and economic terms;
- Concepts of ownership in different cultural traditions;
- The rights and obligations of property ownership in our society; and
- Sustainable practice in property ownership.
The subject also considers the range of issues that need to be resolved in property rights as they relate to tensions between individual versus collective concerns. These include Terra Nullius and native title, individual rights, collective rights, and mechanisms for contesting or modifying rights.
This subject will provide a lens on the University’s Joining Melbourne Modules. These will be completed in parallel to the subject - unless already successfully completed. It will also support the Discovery goals for commencing students by introducing emerging concepts and research in the discipline area; ways to connect with the larger University community including peers, teachers and student groups; and awareness of the academic expectations, and of wellbeing support offered at the University of Melbourne.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Identify the major factors that impact real property ownership.
- Describe key organisations and processes involved in regulating, transferring, financing and valuing property.
- Explain rights and obligations involved in the ownership of property in Australia, including Indigenous approaches to Country, and describe their evolution over time.
- . Describe connections between property-related issues and economic, social and environmental factors.
- Demonstrate knowledge of sustainable practice in property ownership.
- Demonstrate an understanding of the Joining Melbourne Modules, and the learning outcomes of these, in relation to Property subject matter and learning activities.
Generic skills
- An ability to apply a systematic approach to analysing the dynamics of rights and obligations in the built environment.
- An ability to identify the external factors impacting property.
- An ability to analyse, report on and discuss issues relevant to this subject
Last updated: 27 April 2024
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 27 April 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Assignment 1: Property basics
| Week 5 | 20% |
Assignment 2: Property and people
| Week 9 | 20% |
Assignment 3: Property and the environment
| Week 12 | 20% |
One written examination
| During the examination period | 40% |
Last updated: 27 April 2024
Dates & times
- Semester 1
Coordinator Piyush Tiwari Mode of delivery On Campus (Parkville) Contact hours 2 hours lecture plus 1 hour tutorial per week Total time commitment 170 hours Teaching period 27 February 2023 to 28 May 2023 Last self-enrol date 10 March 2023 Census date 31 March 2023 Last date to withdraw without fail 5 May 2023 Assessment period ends 23 June 2023 Semester 1 contact information
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 27 April 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Bachelor of Design - Breadth options
This subject is available as breadth in the following courses:
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 27 April 2024