| CODE | ECN2333 | ||||||||||||
| TITLE | Housing and Transport Economics | ||||||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | 5 | ||||||||||||
| ECTS CREDITS | 4 | ||||||||||||
| DEPARTMENT | Economics | ||||||||||||
| DESCRIPTION | This unit draws on economic theory and applied methods to analyse the factors underlying the markets for housing and transportation. The two topics are brought together through the study of urban spatial structure. The topics covered include: urban spatial structure (workhorse model); traditional and hedonic approaches to housing demand; the user cost of housing (renting versus owning); housing policies (e.g. rent control, housing subsidies); demand for transport; direct and external costs of transport; pricing of transport services; containing the external costs of transport; investment criteria;and transport planning and forecasting. Study-Unit Aims: The study-unit has two primary aims. The first aim is to show students ways in which economic theory and applied methods have been used to analyse issues in housing and transport. The second aim is to enable students to analyse key issues in the markets for housing and transportation using economic techniques. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - develop relevant analytical tools of economics to study housing and transportation; and - analyse relevant economic and social aspects and their influence on housing and transport policy. 2. Skills By the end of the study-unit the student will be able to: - Reflect on the theoretical concepts of housing and transport economics; - Reflect on public policy related to housing and transport; - Apply critical thinking in analyzing theoretical concepts, data and policies; - Engage in meaningful discussion with policymakers and academics. Main Text/s and any supplementary readings: - Brueckner, J.K. (2011) Lectures in Urban Economics. Massachusetts Institute of Technology. - Arnott, R.J. and McMillen, D.P. (2006) A Companion to Urban Economics. Blackwell Publishing. - Button, K.J. (2010) Transport Economics, Edward Elgar Publishing. - Cole, S (2005) Applied Transport Economics, Policy, Management & Decision Making. The Chartered Institute of Logistics and Transport (UK). |
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| STUDY-UNIT TYPE | Lecture | ||||||||||||
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| LECTURER/S | Dylan Cassar Daniel Gravino Philip Von Brockdorff |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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