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DALLΒ·E 2024-03-26 13.45.54 - Create a highly detailed, landscape photo-realistic image for a short certificate course on Urban Economics , focusing on reducing the sky portion. C

Real Estate Economics Part 3: Urban Economics


  • ⏰ Viewing Time: 2h:33m

  • πŸ“Š Level: Advanced

  • πŸ§‘β€πŸ« Educator: Professor Eamonn D'Arcy

  • 🌎 Region: Global 🌏

  • πŸ“œ Certificate: Score over 70% on the final quiz.


This is the final part of the 3-part course in Real Estate Economics from Professor Eamonn D'Arcy. You should complete the first & second parts before attempting this.

Have you ever wondered why cities exhibit very distinctive patterns of land use? Why do some uses agglomerate in certain locations while others are more diffused across the urban area? How do we explain the fact that in some locations, certain land use patterns have persisted over hundreds of years, while in others, they have changed radically?

In this series, we try to answer these questions by introducing key tools of urban economics, specifically microeconomic theories of urban land use and theories of employment and residential location in urban areas. We examine how urban land uses respond to structural shifts in the economic fundamentals underpinning urban economic activity and how these translate in terms of the location decisions made by firms and households. The implications for real estate markets of the changes in land use and location examined are explicitly considered.

Key Learning Outcomes

By the end of this, you will be able to:

  1. Explain the principal microeconomic theories of urban land use and use Bid-Rent Function analysis to illustrate them.

  2. Use residential location theory to explain the location behavior of households in urban areas.

  3. Evaluate the process of rent determination using theories based on demand and supply interaction and the natural vacancy rate.

  4. Identify the drivers of the demand and supply of investment interests and, from this, examine, in turn, changes in market structure and issues relating to investment style and pricing.

  5. Evaluate factors determining the timing of development and redevelopment and the risks that reflect the inherent complexity of the development process.

Your Instructor

At Henley Business School, Professor Eamonn D'Arcy runs the largest and most renowned real estate Masters's program in Europe. With over 30 years as a renowned economist and having created the top real estate program in Europe, Professor D'Arcy is well-placed to help learners develop an understanding of the complex world of real estate economics.

Getting Started

  • To begin learning, simply click Enroll above and get started.

  • You don't have a set time to complete this. Go as fast or slow as you like.

  • Once you have completed the final quizzes successfully, you will be awarded a certificate, which we recommend you upload to Linkedin to evidence your continued professional development.