Units
Urban Development Economics
Unit code: UDB104
Contact hours: 4 per week
Credit points: 12
Information about fees and unit costs
This unit will introduce microeconomic and macroeconomics concepts applied to urban and regional development. The unit will initially focus on demand, supply and determination of prices, and other important microeconomic concepts, at the level of an individual development. Here, the value of microeconomics in explaining aspects of development is demonstrated using local and national examples. In doing so, this unit will also help to deepen the appreciation of the key steps in development and the role of the main actors. Since anyone development project does not occur in a vacuum, the unit will then broaden to consider the impact of changes in the national and local economy on land use and development, including business cycle, monetary and fiscal policy.
Availability
| Semester | Available |
|---|---|
| 2012 Semester 2 | Yes |
Offered in these courses
- UD40, EN40, BN85
Sample subject outline - Semester 2 2013
Note: Subject outlines often change before the semester begins. Below is a sample outline.
Rationale
As an urban development professional is it is essential that you, as an urban development professional, develop an understanding of the economic framework that supports urban and regional development activities. This unit occurs in either the first or second year of your course, in order to help you appreciate the economic imperatives associated with the techniques used to generate applications in your core discipline.
Aims
The aim of this unit is to develop your understanding of fundamental economic concepts applied to urban and regional development.
Objectives
By completing this unit you should be able to demonstrate the following discipline specific capabilities at beginner level:
1. Identify, analyse and understand the relevance of price theory, location theory, land use economics and environmental economics in determining urban and regional development
2. Identify and analyse the role of property professionals, construction managers, quantity surveyors, surveyors and urban and regional planners;
3. Analyse the relative merits of alternative policy and procedure at various levels of government in terms of the effect on development;
4. Apply skills in planning and decision-making at the firm and at a national level; and
5. Be aware of changing economy and employment in Australia and approaches to promoting local economic development.
Content
This unit will introduce:
- microeconomic and macroeconomics concepts applied to an urban and regional development.
- demand, supply and determination of prices, and other important microeconomic concepts, at the level of an individual development.
- the value of microeconomics in explaining aspects of development - local and national level.
- the impact of changes in the national and local economy on land use and development, including business cycle, monetary and fiscal policy
- policy at the different levels of government and the effect of this policy in terms of trends in development activity, the increasing importance of environmental economics and development
- changing employment and labour markets in Australian cities
- local economic development.
Approaches to Teaching and Learning
Teaching Mode:
Hours per week: 4
Lecture: 3 hour per week
Tutorial: 1 hour per week
Lectures will introduce concepts and principles.
In tutorials you will be asked to apply lecture material to local and national examples. You will be required to undertake directed private study prior to each lecture and consider the problem posed for each tutorial.
Assessment
The assessment for this unit follows the assessment policy stated in section 5.1 Manual of Policies and Procedures (MOPP).
This unit will comprise both formative and summative approaches to assessment involving a mix of formats including both oral and written feedback.Your lecturer and tutor/s will provide feedback on your progress and work during lecture and tutorials.
Assessment name:
Quiz/Test
Description:
Mid-Semester In-Class Quiz
Multiple choice test
Relates to objectives:
1, 3
Weight:
30%
Internal or external:
Internal
Group or individual:
Individual
Due date:
Week 5
Assessment name:
Poster Presentation
Description:
In-class presentation
You are required to work in a group (2-3 members) within your tutorial group to develop a poster. You will be required to make a brief in-class presentation using the poster as the key resource.
Relates to objectives:
1, 2, 3, 4, 5
Weight:
30%
Internal or external:
Internal
Group or individual:
Group
Due date:
Week 11/12
Assessment name:
Examination (written)
Description:
A mixture of problem solving scenarios and essay type questions.
Relates to objectives:
1, 2, 3, 4, 5
Weight:
40%
Internal or external:
Internal
Group or individual:
Individual
Due date:
Exam period
Academic Honesty
QUT is committed to maintaining high academic standards to protect the value of its qualifications. To assist you in assuring the academic integrity of your assessment you are encouraged to make use of the support materials and services available to help you consider and check your assessment items. Important information about the university's approach to academic integrity of assessment is on your unit Blackboard site.
A breach of academic integrity is regarded as Student Misconduct and can lead to the imposition of penalties.
Resource materials
You are required to have your own copy of the following text book:
Type: Book
Author: Layton, A., Robinson, T. and Tucker, I.B.
Title: Economics for Today, 4th Asia Pacific Edition.
Year: 2011
Publisher: Thompson, Cengage, Vic.
Please refer to unit's Blackboard site for any further resources.
Risk assessment statement
There are no out of the ordinary risks associated with this unit.
Additional Costs:
There are no additional cost involved in this unit.
Disclaimer - Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of semester.
Last modified: 23-Oct-2012
