module specification

AR7071 - Economics of Place (2017/18)

Module specification Module approved to run in 2017/18
Module title Economics of Place
Module level Masters (07)
Credit rating for module 20
School The Sir John Cass School of Art, Architecture and Design (The Cass)
Total study hours 200
164 hours Guided independent study
36 hours Scheduled learning & teaching activities
Assessment components
Type Weighting Qualifying mark Description
Coursework 60%   Case Study (2000-3000 words)
Coursework 40%   Group Project
Running in 2017/18
Period Campus Day Time Module Leader
Spring semester City Wednesday Afternoon

Module summary

This module provides an overview of development economics, and an analysis of historic and current policies and practices involved in the economics of delivering sustainable urban change. It is linked with AR7004; Sustainable Communities and Governance of Place module in its analysis of sustainable communities and urban governance.

Prior learning requirements


Module aims

This module aims to:
• Provide students with an understanding of development economics within planning practice in the UK, with specialist knowledge of urban contexts and comparisons with international case studies.
• Critically assess a range of elements involved in creating economically sustainable plans and places.
• Act as an introduction to the course and inform students on the choice of appropriate specialisms.


This module provides an introductory context for the economy of place. The module specifically considers the economy of London and the relationship between this and those policies and processes, informing development and the delivery of sustainable urban change.

The syllabus typically considers the following aspects:
Valuing the city
Valuing the urban realm
Cost analysis of good housing and good public spaces

Developments in London
The development process
Undertaking a development appraisal
Development finance

Affordable Housing
Market Analysis
Community development models
Funding sources- private and public

Learning and teaching

The module is taught through; lectures, seminar discussions and presentation.

Students are encouraged to develop an independent approach to their own learning, through the use of directed course reading. This will involve preparation for seminar discussions and presentations, which are a key element to taught sessions.

Students will also be supported to arrange events that engage with professional practice, within and outside the university.

Learning outcomes

On successful completion of this module students will:
1. Have an understanding of the effect of economic development
2. Be able to describe how economically sustainable plans and places are achieved in different contexts,
3. Be able to critically evaluate different approaches to achieving successful economic places.

Assessment strategy

There are four assessment components:
1. Case study (2000-3000 words) assessing delivery element of economically sustainable places or another module-appropriate topic.
2. Group Project Report: researching a development appraisal or another module-appropriate topic, based on primary research.


The following are indicative only.  Refereed journals/ articles and electronic resources: issued according to syllabus

Glaeser, E (2012) Triumph of the City [Unabridged], Penguin Press, New York
Syms, P (2010) Land Development and Design, 2nd Edition, John Wiley & Sons, Chichester
Dubben, N and Williams, B (2009) Partnerships in Urban Property Development, Wiley-Blackwell, Chichester
Reed, Rand Wilkinson, S (2008) Property Development, 5th Edition, Routledge, Oxford