| 1 | 1 | The Real Estate Sector: The Capital and Property Markets (PDF)
1. Review of Economic Concepts |
| 2 | Micro and Macro Economic Analysis |
| 2 | 3 | Location and Rents: The Indifference Principle, Submarkets and Land Use Segregation (PDF) |
| 4 | Urban Growth, Rents and Prices |
| 3 | 5 | The Highest Use for Residential Development (PDF)
Location, Land Use and Density |
| 6 | Land Use Transition between Land Uses (Gentrification) |
| 4 | 7 | Historical Development and Changing Technology (PDF)
Transportation, and Shipping Costs
Tax and Public Policy Effects |
| 5 | 8 | The Office Market, and the Labor Market (PDF) |
| 9 | Theories of Multiple Centered Cities
1. Agglomeration and Clustering
2. The Commercial Land Market |
| 6 | 10 | Retail Travel Patterns and the Distribution of Stores (PDF)
Pricing and Spatial Competition |
| 11 | Shopping Centers and Store Clustering |
| | Midterm Exam |
| 7 | 12 | Property Taxes, Public Expenditure, and Local Services, Community Choice, "Capitalization", and Income Segregation (PDF) |
| 13 | The Fiscal Incentives for Land Use Regulation |
| 8 | 14 | Public Goods and "Neighborhood" Effects (PDF)
Internalizing External Effects through Government or Contracts |
| 15 | Congestion, Transportation Infrastructure and Planning Development |
| 9 | 16 | Units, Households and Tenure Choice (PDF)
1. Demographic Influences |
| 17 | Housing Appreciation, Mortgages and the Cost of Owning |
| 10 | 18 | The Operation of Non-residential Markets (PDF)
1. Vacancy, Absorption, and Market Frictions
2. Leasing, Tenure, and Tenant "Synergy" |
| 11 | 19 | Long Term Trends in Space Usage and Demand
Herd Behavior and Development "Games" |
| 20 | The Time-series Properties of Housing and Commercial Space Markets (PDF) |
| 12 | 21 | Stock-flow Theory and Real Estate Cycles |
| 22 | Expectations, Information, and "Efficient Markets"
The Issue: Can markets be forecast? |
| 13 | 23 | The Determinants of Metropolitan Growth (PDF)
1. Export Demand and Industrial Development
2. Birth Rates, Migration and Wages |
| 24 | A Model Analyzing Metropolitan Growth
1. Demand, and Supply Shocks, Real Estate, and the Cost of Living |
| | Final Exam |