Urban Economics and Governance

ARC80006 12.5 Credit Points Hawthorn

Aims and objectives

The aim of this unit is for students to develop knowledge of the spatial-economic underpinnings of urban regions and cities including the economic principles of land use distribution. The unit will provide a framework for investigating spatial interdependencies between social, cultural, economic and environmental movements and policy development at local, regional and global scales. It will also explore urban governance, political power and how governments and stakeholders decide how to plan, finance and manage urban areas and allocation of social and material resources. 

Students who successfully complete this unit will be able to:
1. Interpret the spatial-economic underpinnings of urban regions and cities including the economic principles of land use distribution.
2. Analyse the fundamentals of market feasibility and economics of development including commercial decision making, comparative advantage, property markets, land and property development, project and risk management tools.
3. Knowledge of principles and issues of social impact analysis and basic application of statistical demographic data analysis.
4. Recognise social and cultural diversity and assess the equity, health and social inclusion aspects of urban and regional plans and practices.
5. Ability to link economic understandings with other ethical and practical dimensions of planning, such as sociospatial disparities associated with globalisation.
6. Capacity to analyse and produce basic spatial economic plans and development strategies at a level demonstrating understanding and use of relevant market related concepts.
7. Ability to undertake basic primary and secondary data gathering and analysis utilising quantitative and qualitative methods.