Course Description
An examination of residential housing and its relation to urban form and issues of social concern. Students will be exposed to a broad background on why housing matters, how its unique attributes give rise to policy and planning challenges, and should shape how practitioners respond to these challenges.
Additional Requirements for Graduate Students:
In coordination with the graduate student’s advisory committee,
graduate students will complete additional reading from
professional and academic literature and make significant
progress on their research projects. The term paper is expected
to be 15-20 pages in length plus tables, on a topic of the
student’s choice, but subject to instructor approval. The paper
is expected to involve [a] original empirical or theoretical
research, or [b] a comprehensive survey of a topic, and provide
policy analysis in light of recent data and research.
Athena Title
Housing Market Analysis
Equivalent Courses
Not open to students with credit in FHCE 5340E or FHCE 7340E
Prerequisite
ECON 2106 or ECON 2106E or ECON 2106H
Semester Course Offered
Not offered on a regular basis.
Grading System
A - F (Traditional)
Course Objectives
The course is based on a reading list comprising recent and classic papers that develop key empirical models for the specialized study of housing markets. We will also draw upon our knowledge of location theory to analyze the urban problems of neighborhood decay, poverty, substandard housing, urban sprawl, housing segregation, traffic congestion, and others. At the completion of this course, students will be able to: 1. Provide an understanding of the micro and macro economic dimensions of housing markets. 2. Investigate the role played by institutions in housing markets. 3. Assess the inter-relationships between housing markets and financial markets and labor markets. 4. Conceptualize the interaction between economic forces and policy in the structure and performance of housing markets. 5. Provide an understanding of the importance of the spatial scale of analysis in housing markets.
Topical Outline
1. Introduction to Cities from Urban Economics Perspective 2. Analyzing Urban Spatial Structure 3. Urban Sprawl and Land-Use Controls 4. Housing Demand and Tenure Choice 5. Neighborhoods and Housing Markets 6. Education Markets and Housing Markets 7. Government Housing Policy: Housing-Subsidy Programs 8. Development Trends/Going Green