To provide students, whether they already have a background in economics or not, with the capacity to use economic and finance concepts to analyze housing issues.
At the end of this course student should have: a good understanding of the basic determinants of the demand for and supply of housing services, and relevant factors that influence tenure choice; a good understanding of the principles of housing finance, and the nature and role of mortgage instruments in the financing of home ownership; the reasons for government intervention; the forms of intervention; the principles of financing. Students will discover their ability and accomplishments to apply the economic theories to the current issues in housing and find out solutions to housing problems through attending the class exercises during the tutorials and discussion.

Continuous Assessment: 50%

Examination: 50%

Examination Duration: 2 hours