UNIVERSITI TEKNOLOGI MARA

CAWANGAN PERAK, KAMPUS SERI

ISKANDAR

Code : REM315
Course : Land Economics
Level : Diploma
Credit Unit : Two (2)
Contact hour : 3
Part : 5
Course status : None Core
Prerequisite : None
Lecturer : Madam Najma Binti Azman
Room : AC233
Phone : 0132468264

1.0 COURSE DESCRIPTION

This course provides students with the ability to:

 Understand the relation between the micro and macroeconomics are influencing the
land economics decision. The rent gradient difference will affect the land rent and land
values.
 Carry out the principles of urban development and redevelopment.
 Distinguish the roles, policies and models in regional economics with an application to
Malaysia context.

2.0 COURSE OUTCOMES

At the end of the course, students should be able to:

CLO 1 Explain the land economic concepts in real estate markets. (PLO1, C2)
CLO 2 Demonstrates the problem solving approach in resolving welfare economics
issues in real estate market. (PLO3, A3).
CLO 3 Perform an active team participation in producing land economics written report
related to real estate markets. (PLO5, A2)

3.0 TEACHING METHODOLOGY

 Lectures
 Tutorials
 Blended learning (Model C)

4.0 ASSESSMENT
Continuous assessment : 60%
Test (10%)
Writing of Case Study (30%)
Presentation (20%)
Final examination : 40%

1
5.0 LECTURE OUTLINE

WEEK TOPIC IMPLEMENTATION

1  Ice-breaking
 Introduction to course content/coursework/entrance
survey (i-Learn) Lecture
BL
Chapter 1: Introduction To Land Economics
 Definition of land economics
 Objective of land economics Welfare
 Economics efficiency

2 Chapter 2: Characteristics Of Real Property Market Lecture

 The Imperfection of real property market Tutorial
 The technical characteristics of real property market
 The economical characteristics of real property
market

3 Chapter 2: Characteristics Of Real Property Market

 Functions of the real property market Lecture
 The pricing of land and land resources Tutorial

4 Chapter 2: Characteristics Of Real Property Market

Lecture
 Investment in real property Tutorial
 Direct Investment - freehold interest, leasehold
interest, time-sharing

5 Chapter 3: Development Process

Lecture
 The development process BL
 Finance for development Case Study Report 1
 Comprehensive redevelopment

6 Chapter 3: Development Process Lecture

BL
 Public-Sector Development: Cost Benefit Analysis Case Study Report 1
(CBA)
 The economics of planning control

7 Chapter 4: Urban Land Use Lecture

 Land use and land values Tutorial
 The pattern of urban land use- Concentric, Radial,
Sector and Multiple Nuclei

8 Chapter 4: Urban Land Use Lecture

 Growth of urban areas- Von Thunen, Alonso and Tutorial
Other Related Theories
 Problems of urban areas Housing

9 Chapter 5: Regional Economics Lecture

 Regional economic framework BL
 Regional policies Case Study Report 2
 New Economic Model

10 Chapter 5: Regional Economics Lecture

 Urban Transformation Centre BL
 Rural Transformation Centre Case Study Report 2

2
 11 Assignment and Presentation Presentation and
 Submission of Case Study 1 (10%) Submission of
 Poster Presentation (10%) Case Study Report 1

12 Chapter 6: The Government And Land Resources Lecture

 Introduction to Government Budget Tutorial
 Public Finance
 Private Finance

13 Chapter 6: The Government And Land Resources Lecture

 Local Authority Revenues Tutorial
 Sources of Local Government Finance

14 Continuous Assessment Test 1 (10%)

 Test 1 (10%) Case Study Report 2
 Submission of Case Study 2 (20%) (20%)
 Presentation of Case Study 2 (10%) Presentation (10%)
 Revision and exit survey (i-Learn)

6.0 RECOMMENDED TEXT

1. Harver, J (2009-digitized) Urban Land economics, Macmillan Education

7.0 REFERENCES
1. Malaysian Economics Report
2. Wyatt, P. (2013) Property Valuation, John Wiley.
3. Malaysian Economic Report 2013.
4. Joshua M. Duke, (2013), The Oxford Handbook of Land Economics
5. Harver, J (2009-digitized) Urban Land economics, Macmillan Education.