ECON19036 - Property Economics

General Information

Unit Synopsis

The purpose of this unit will be to introduce students to a range of economic principles relating to real estate and property issues. The unit will be organised in three main sections. The first section will involve an analysis of why economic, social and environmental problems occur, the second reviews some assessment tools that are available, and the third will involve an overview of urban and regional economic issues, with particular focus on the economics of infrastructure planning.

Details

Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band 3
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

ECON11026

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 2 - 2019

Term 1 - 2020 Profile
Online
Term 1 - 2021 Profile
Online

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 40%
2. Examination 60%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

No previous feedback available

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Student feedback
Feedback
The videos provided for the assignment were extremely helpful in completing the assignment.
Recommendation
We will continue our instrumental support such as recorded tutorial to all students.
Action Taken
All tutorial sessions were recorded and uploaded in the unit Moodle site.
Source: Student feedback
Feedback
The students appreciated the proactive and responsive actions taken by the unit coordinator and the tutors
Recommendation
We keep continue our efforts to design and develop the weekly study blocks for a real life learning outcome.
Action Taken
Students were provided one to one assistance via Zoom drop-in-sessions.
Source: Student feedback
Feedback
Some lecture videos need to be recorded with animation.
Recommendation
First three lecture videos will be recorded.
Action Taken
Additional videos were provided in the unit Moodle site.
Source: Unit evaluation report and emails
Feedback
Unit materials and nurturing support from the unit coordinator and the tutor were very supportive.
Recommendation
Continue applying a nurturing and supportive approach as many students appreciated the support provided by the unit coordinator and the tutor.
Action Taken
Nil.
Source: Unit evaluation report
Feedback
Provide details of how to follow the assessment criteria
Recommendation
Consider providing detailed guidelines targeting the assessment criteria and the unit learning outcomes.
Action Taken
Nil.
Source: Unit evaluation report
Feedback
Consider to change the text book with Australian context and updating the study guide
Recommendation
Provide more Australian based case studies and journal articles to cover Australia's property market and economic issues as there is no textbook on Property Economics in the context of Australia that can cover all weekly topics.
Action Taken
Nil.
Source: Unit evaluation report
Feedback
Few recorded lectures need to be improved
Recommendation
Provide new or supplementary lecture or tutorial videos from next year.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. identify how market mechanisms work to allocate resources, and how market demand and supply systems operate in real property markets;
  2. understand the development process, and how development proposals can be evaluated in economic terms;
  3. identify the economic arguments for planning controls and how these operate at different levels;
  4. develop an understanding of patterns of land use for different activities, including those in urban areas;
  5. identify how congestion and environmental problems are issues in urban planning and development, and how they may be addressed;
  6. identify the range of factors and government policies that drive housing markets;
  7. conceptualise different models of regional development and how these interact with markets for land resources;
  8. understand how governments impact on housing markets at both macro policy and micro policy levels;
  9. appreciate the potential for market-based instruments and other economic incentive mechanisms to be used in land resource markets.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6 7 8 9
1 - Written Assessment
2 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6 7 8 9
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
6 - Information Technology Competence
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Written Assessment
2 - Examination