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16633 Microeconomics for Property

6cp; 3hpw
Requisite(s): 16466 Built Environment Economics
These requisites may not apply to students in certain courses. See access conditions.


This is a core first-year subject in the Bachelor of Property Economics (C13010). Students are introduced to microeconomic principles and methods in order to apply economic theory in analysing property markets. Microeconomic fundamentals such as demand, supply, prices, elasticity, production and costs are covered, and their effects on the property industry are explored. Market structure and competition as well as market failure are also discussed.

Detailed subject description.

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Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at access conditions and My Student Admin.