| 1 | 1 | The Real Estate Sector: The Capital and Property Markets | |
| 2 | Micro and Macro Economic Analysis | |
| 2 | 3 | Location and Rents: The Indifference Principle, Submarkets and Land Use Segregation | |
| 4 | Urban Growth, Rents and Prices | Problem Set 1 Due |
| 3 | 5 | The Highest Use for Residential Development
Location, Land Use and Density | |
| 6 | Land Use Transition between Land Uses (Gentrification) | |
| 4 | 7 | Historical Development and Changing Technology
Transportation, and Shipping Costs
Tax and Public Policy Effects | Problem Set 2 Due |
| 5 | 8 | The Office Market, and the Labor Market | |
| 9 | Theories of Multiple Centered Cities | |
| 6 | 10 | Retail Travel Patterns and the Distribution of Stores
Pricing and Spatial Competition | |
| 11 | Shopping Centers and Store Clustering | |
| | Midterm Exam | |
| 7 | 12 | Property Taxes, Public Expenditure and Local Services, Community Choice, "Capitalization", and Income Segregation | Problem Set 3 Due |
| 13 | The Fiscal Incentives for Land Use Regulation | |
| 8 | 14 | Public Goods and "Neighborhood" Effects
Internalizing External Effects through Government or Contracts | |
| 15 | Congestion, Transportation Infrastructure and Planning Development | |
| 9 | 16 | Units, Households and Tenure Choice | |
| 17 | Housing Appreciation, Mortgages and the Cost of Owning | Problem Set 4 Due |
| 10 | 18 | The Operation of Non-residential Markets | |
| 11 | 19 | Long Term Trends in Space Usage and Demand
Herd Behavior and Development "Games" | |
| 20 | The Time-series Properties of Housing and Commercial Space Markets | |
| 12 | 21 | Stock-flow Theory and Real Estate Cycles | |
| 22 | Expectations, Information, and "Efficient Markets"
The Issue: Can markets be forecast? | |
| 13 | 23 | The Determinants of Metropolitan Growth | |
| 24 | A Model Analyzing Metropolitan Growth | Problem Set 5 Due |
| | Final Exam | |