Why does economic activity concentrate in specific locations? How do real estate developers react to the strong demand for space at these focal points? What are the implications for the surrounding urban areas? Should the government provide guidance through land-use policy?
These questions illustrate a number of important topics that will be dealt with in the Minor Real Estate Economics and Finance. You will learn what economic analysis contributes to our understanding of how cities evolve and about the role policy can play. You gain insight into the functioning of real estate markets, including their volatility and apparent lack of efficiency.