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REAL EST 420

URBAN AND REGIONAL ECONOMICS

3 credits.

Focuses on the study of the allocation of scarce resources across space. Uses economic methods to analyze urban real estate. Topics covered include the determinants of real estate values, the location decisions of households and firms, land use, urban growth and agglomeration, real estate pricing, cycles, development, housing market and policies, and sustainable development.

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Prerequisites & course information

Requisites: ( ECON 101 or 111 ) or declared in undergraduate Business Exchange program Course Designation: Core GenEd - Social & Behavioral Science Breadth - Social Science Level - Advanced L&S Credit - L&S Liberal Arts and Science Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Explain the economic forces that drive urban growth and regional development. Audience: Undergraduate 2. Analyze how business and residential location decisions are made and how these decisions impact housing prices, land use, labor market, and many other aspects of cities. Audience: Undergraduate 3. Apply the spatial equilibrium concepts to urban development and real estate analysis. Audience: Undergraduate 4. Develop statistical models to assess residential and commercial real estate and perform sensible business and policy analysis. Audience: Undergraduate 5. Apply the economic decision-making framework to real estate development decisions. Audience: Undergraduate 6. Demonstrate understanding of cycles, risks and bubbles in residential and commercial real estate markets. Audience: Undergraduate 7. Evaluate the challenges in economic, social and environmental sustainability in urban development around the world. Audience: Undergraduate 8. Apply urban and regional economics to real estate business decisions and policy analysis. Audience: Undergraduate Learning Outcomes: 1. Explain the economic forces that drive urban growth and regional development. Audience: Undergraduate 2. Analyze how business and residential location decisions are made and how these decisions impact housing prices, land use, labor market, and many other aspects of cities. Audience: Undergraduate 3. Apply the spatial equilibrium concepts to urban development and real estate analysis. Audience: Undergraduate 4. Develop statistical models to assess residential and commercial real estate and perform sensible business and policy analysis. Audience: Undergraduate 5. Apply the economic decision-making framework to real estate development decisions. Audience: Undergraduate 6. Demonstrate understanding of cycles, risks and bubbles in residential and commercial real estate markets. Audience: Undergraduate 7. Evaluate the challenges in economic, social and environmental sustainability in urban development around the world. Audience: Undergraduate 8. Apply urban and regional economics to real estate business decisions and policy analysis. Audience: Undergraduate

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