Land and Property Economics (ABPL90416)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2
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The subject will examine the economic, social, legal and political context of land and property by focusing on:
1. Local, national and global economies: the changing spatial dimensions of land and property markets.
2. Social significance: social meanings attached to land and property and their effects on economic behaviour.
3. Regulatory regimes and public involvement: the legal framework for property market activity and its economic implications.
4. Governance and policy processes: the political significance and policy implications of land and property.

Prescribed software programs with no cost
SSPS Statistics 26, SPSS Amos 26
Prescribed software programs with a cost
RStudio

Details of software availability and pricing are captured at: https://msd.unimelb.edu.au/current-students/student-experience/it-support


 

Intended learning outcomes

On completion of the subject, students should be able to:

  • Develop fundamental knowledge of economic theories which guide the land and property market.
  • Formulate general explanations of property market behaviour.
  • Apply theories of economics to understand the distribution of property rights among different stakeholders, causes of urban informalities and socio-economic segmentation of urban spaces.
  • Explain activity and outcomes in specific property markets defined by sector, location and function.
  • Make a critical economic assessment of land use policy and methods of policy delivery.
  • Develop economic analytical skills required in the property discipline and apply them in investigating problems concerning land and property markets in developed and developing countries - such as housing unaffordability; demand and supply issues with housing for the poor and aged; implications of informal rights on the property; and so on.

Generic skills

  • Problem Solving and critical thinking;
  • Application of theory to practice;
  • Synthesis and evaluation of data and other information;
  • Written, verbal and visual presentation of ideas; and
  • Information gathering and critical synthesis skills

Last updated: 4 March 2025