Course Title: Urban Land Economics

Part A: Course Overview

Course Title: Urban Land Economics

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


325H Property, Construction & Project Management


Sem 1 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015,
Sem 1 2016,
Sem 1 2017,
Sem 1 2018,
Sem 1 2019,
Sem 1 2020,
Sem 1 2021,
Sem 1 2022,
Sem 1 2023,
Sem 1 2024

Course Coordinator: Hyemi Hwang

Course Coordinator Phone: +61 3 9925 0412

Course Coordinator Email:

Course Coordinator Location: 8.8.12

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

In this course you will develop your knowledge of the property market structures and land economics in relation to the Global and Australian economy. The objectives of this course are to provide you with the skills and knowledge necessary to accurately apply the functional and financial role of property in the economic system.

Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes (PLOs)

In this course you will develop the following program learning outcomes:

1 Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
2 Professionally communicate to a range of audiences, demonstrating in depth knowledge of the discipline and of the needs of diverse property and valuation stakeholders
3 Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues
5 Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives

Course Learning Outcomes (CLOs)

Upon successful completion of this course, you will be able to:

  1. Apply key urban economic theories and demonstrate how they have an impact on land use and land rent in a local and global context.
  2. Analyse how property market cycles impact on supply and demand in the determination of rents and prices
  3. Interpret how the environment, social impacts, transportation, and urban congestion impact on the urban growth, decay and regeneration of cities.
  4. Logically communicate the consequences for real estate markets of changes in transport technology, population growth rates and demographics.

Overview of Learning Activities

Learning in this course consists of lectures and tutorials. Learning activities includes case study exercises, group work and class discussions.

Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems
A textbook may be required for this course along with relevant local readings.

Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes. 

Assessment Tasks 

Assessment Task 1: Individual critical reviews, 30% CLOs 1 & 3 

Assessment Task 2: Individual midterm exam, 25%, CLOs 1 & 2 

Assessment Task 3: Group video presentation, 20% CLOs 1, 2, 3 & 4 

Assessment Task 4: Group wriitten report, 25% CLOs 1, 2, 3 & 4 

Feedback will be given on all assessment tasks. 

Equitable Learning Services

If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or Equitable Learning Services if you would like to find out more. 

Your course assessment conforms to RMIT assessment principles, regulations, policies, procedures and instructions.