Rationale/Course Description


This course considers the general introduction to land economics; the nature of property rights; land as a factor of production; the nature of economic rent and theories of Von Thunnen, David Ricardo etc.; development of the theories of land uses and land values; patterns of land uses; urban structure and its theories; real estate investment markets; housing policy and the construction industry.


  • Appreciate the role and significance of Land Economists
  • Understand the significance of land, a scarce factor of production
  • Understand the theories of land rent, land values, and urban structures
  • Appreciate the importance of real estate investment, property development, housing and the construction industry
Attachment Name Attachment Type
LEC 1201 Land Economics 1 DOC PDF PS