Calendar

WEEK # LEC # TOPICS KEY DATES
1 1 The Real Estate Sector: The Capital and Property Markets
2 Micro and Macro Economic Analysis
2 3 Location and Rents: The Indifference Principle, Submarkets and Land Use Segregation
4 Urban Growth, Rents and Prices Problem Set 1 Due
3 5 The Highest Use for Residential Development

Location, Land Use and Density
6 Land Use Transition between Land Uses (Gentrification)
4 7 Historical Development and Changing Technology

Transportation, and Shipping Costs

Tax and Public Policy Effects
Problem Set 2 Due
5 8 The Office Market, and the Labor Market
9 Theories of Multiple Centered Cities
6 10 Retail Travel Patterns and the Distribution of Stores

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 Problem Set 3 Due
13 The Fiscal Incentives for Land Use Regulation
8 14 Public Goods and "Neighborhood" Effects

Internalizing External Effects through Government or Contracts
15 Congestion, Transportation Infrastructure and Planning Development
9 16 Units, Households and Tenure Choice
17 Housing Appreciation, Mortgages and the Cost of Owning Problem Set 4 Due
10 18 The Operation of Non-residential Markets
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
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
24 A Model Analyzing Metropolitan Growth Problem Set 5 Due
Final Exam