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2020 unit information
Classes and seminars in Trimester 2, 2020 will be online.
Last updated: 2 June 2020
Nil
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 2 hour class, 1 x 1 hour seminar per week
Online independent and collaborative learning activities including 3 scheduled online seminars
Property and real estate markets are directly affected by supply and demand factors which form the foundation for this unit. Attention is placed on factors that influence supply and demand of all types of property including demography, property cycles, economic factors and government decisions. This unit is closely linked to current day-to-day events and is very relevant to the ‘real world’. It builds upon basic economic theory and focuses specifically on the property fundamentals including housing affordability, the rent vs. buy decision and broader urban geography concepts which affect different sectors in the property industry e.g. retail, office and residential.
These are the Learning Outcomes (ULO) for this UnitAt the completion of this Unit, successful students can:
Identify and apply key principles underpinning property economics to explain supply and demand interactions and issues affecting housing affordability, land use and urban development.
GLO1: Discipline-specific knowledge and capabilities
Interpret commonly reported metrics to understand underlying issues in the property market
Collaboratively, evaluate issues relating to the property market and urban development.
GLO1: Discipline-specific knowledge and capabilitiesGLO7: Teamwork
Prepare written, visual and oral presentations to appropriately report property related information.
GLO1: Discipline-specific knowledge and capabilitiesGLO2: Communication
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 2
Part 1: (Group 2-3) written Report
Part 2: (Individual) Written report- self reflection
Part 1: 2000 words
Part 2: 800 words
Part 1: 20%
Part 2: 10%
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Hurdle requirement: achieve at least 50% of the available marks in the examination
The texts and reading list for the unit can be found on the University Library via the link below: MMP213 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
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