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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Intermediate

Unit aim

Introduces students to the key economic theories, processes and techniques relevant to contemporary urban and regional planners. The unit also explores aspects of economics that drive and underpin land development including property valuation, cost benefit analysis, economic assessment, development costs and charges and fundamentals of land tenure and titling in NSW.  The unit also examines how planning controls impact on and influence the economics of development.

Unit content

Topic 1: Economics Fundamentals and Theories

Topic 2: Land Tenure, Titling and Management in NSW

Topic 3: Property Valuation

Topic 4: Economic Assessment

Topic 5: Cost Benefit Analysis

Topic 6: Development Costs and Charges

Topic 7: Planning Influences on Development Economics

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 demonstrate understanding of the principles of economic theory and practice relevant to land use planning. Knowledge of a discipline
2 apply economic concepts to land use planning situations. Intellectual rigour Ethical practice Knowledge of a discipline
3 analyse property valuation and management factors that relate to land development and planning. Intellectual rigour Knowledge of a discipline
4 identify suitable economic assessment methods fit for purpose, apply appropriate methods and critically review assessments. Intellectual rigour Knowledge of a discipline
5 critically reflect on elements of land use planning that can influence the economics of land development. Intellectual rigour Lifelong learning

On completion of this unit, students should be able to:

  1. demonstrate understanding of the principles of economic theory and practice relevant to land use planning.
    • GA4: Knowledge of a discipline
  2. apply economic concepts to land use planning situations.
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
  3. analyse property valuation and management factors that relate to land development and planning.
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  4. identify suitable economic assessment methods fit for purpose, apply appropriate methods and critically review assessments.
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  5. critically reflect on elements of land use planning that can influence the economics of land development.
    • GA1: Intellectual rigour
    • GA5: Lifelong learning