Applied Urban and Regional Economics

This information is for the 2016/17 session.

Teacher responsible

Dr Christian Hilber STC.S418A


This course is compulsory on the MSc in Real Estate Economics and Finance. This course is available on the MPA in European Public and Economic Policy, MPA in International Development, MPA in Public Policy and Management, MPA in Public and Economic Policy and MPA in Public and Social Policy. This course is available with permission as an outside option to students on other programmes where regulations permit.


The course assumes that students already have knowledge of economics equivalent to a good first degree in the subject. It is available as an option to students who can show that they are suitably qualified.

Course content

This course aims to provide students with a theoretical and empirical understanding of urban economic processes and price determination in land and real property markets within an institutional context.Examples of topics covered include: the function of cities and the urban system; the determinants of urban structure; patterns of urban land use; the determinants of urban growth - theory and evidence; land and real property markets; the impact of land market regulation including the economic impact of land use planning; local public finance and house price capitalisation; real estate cycles; homeownership; the economics of schooling, crime and urban transport; urban labour markets. The institutional frame of reference within which the course is taught relates mainly to Western Europe and the United States.


22 hours of lectures and 10 hours and 30 minutes of seminars in the MT. 20 hours of lectures, 15 hours of seminars and 2 hours of workshops in the LT.

Indicative reading

Detailed reading list will be given out at the beginning of the course. Much of the reading will be journal articles. However, some important items are: J. Brueckner, Lectures on Urban Economics, 2011; P.C. Cheshire & E.S. Mills, Handbook of Regional and Urban Economics Vol. III: Applied Urban Economics, North Holland, 1999; P.C. Cheshire, M. Nathan & H. Overman, Urban Economics and Urban Policy: Challengng Conventional Policy Wisdom, 2014; D. DiPasquale & W. Wheaton, Urban Economics and Real Estate Markets, 1996; M. Fujita, Urban Economic Theory, 1988; E.L. Glaeser, Triumph of the City, 2011; Henderson, J.V. and J.F. Thisse, Handbook of Regional and Urban Economics Vol. IV, North Holland, 2004; J.F. McDonald, Fundamentals of Urban Economics, 1997; J.F. McDonald & D.P. McMillen, Urban Economics and Real Estate, Theory and Policy, 2011; B. O’Flaherty, City Economics, 2005; A. O'Sullivan, Urban Economics (7th edn.), 2009.


Exam (100%, duration: 3 hours) in the main exam period.

Student performance results

(2012/13 - 2014/15 combined)

Classification % of students
Distinction 12.9
Merit 58.6
Pass 26.7
Fail 1.7

Key facts

Department: Geography & Environment

Total students 2015/16: 38

Average class size 2015/16: 9

Controlled access 2015/16: Yes

Value: One Unit

Guidelines for interpreting course guide information

Personal development skills

  • Leadership
  • Self-management
  • Team working
  • Problem solving
  • Application of information skills
  • Communication
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills

Course survey results

(2012/13 - 2014/15 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 92%



Reading list (Q2.1)


Materials (Q2.3)


Course satisfied (Q2.4)


Lectures (Q2.5)


Integration (Q2.6)


Contact (Q2.7)


Feedback (Q2.8)


Recommend (Q2.9)