PROPPRAC 704 : Property Market Dynamics

Business and Economics

2025 Quarter Four (1258) (15 POINTS)

Course Prescription

The supply and demand characteristics of urban developments have impacts on not only the price and availability of property, but on how we live and work. Development economics, urban policy, and land-use economics inform and guide decisions of property professionals, policy makers, and occupiers who shape the built environment.

Course Overview

The property market dynamics encompass intricate economic issues and urban policy challenges. This course is designed to establish an analytical framework that enables students to perform comprehensive market analyses, thereby supporting the decision-making processes of businesses and property professionals. The first half of the course will familiarise students with key property economic indicators and arm them with analytical tools to describe, analyse, explain and predict patterns of property prices, property construction, and property consumption. In the second part of the course, students will learn concepts and principles in urban economics that lead to urban and city development. By the end of the course, students will have honed their skills in employing conceptual tools for the analysis of property market dynamics and in the critical appraisal of government and public policy's influence on urban property markets. This course places a stronger emphasis on diagrammatic and conceptual models, as well as historical insights, rather than on mathematical or statistical models. The assessment will be in both module tests and a written report or policy paper, which will serve as a testament to the student's critical thinking, their understanding of property economic concepts, and their proficiency in written communication.

Course Requirements

No pre-requisites or restrictions

Capabilities Developed in this Course

Capability 1: People and Place
Capability 2: Sustainability
Capability 3: Knowledge and Practice
Capability 4: Critical Thinking
Capability 5: Solution Seeking
Capability 6: Communication

Learning Outcomes

By the end of this course, students will be able to:
  1. Apply analytical tools, frameworks and theories to examine a wide range of spatial and property market dynamics, including real estate cycles and their impacts on the wider economy (Capability 3)
  2. Apply essential conventions of research report writing to communicate property market and policy analysis (Capability 6.2)
  3. Analyse the property and urban economic reasoning for property market trends, issues, and government policies (Capability 4)
  4. Critically evaluate and synthesise strategic recommendations to determine and prioritise opportunities, risks and threats that arise from changes in market dynamics and solve problems in relation to residential, industrial, and retail sectors (Capability 4)
  5. Evaluate the roles of government and spatial changes shaping sustainable property markets (Capability 1.1 and 2)
  6. Critically evaluate urban land rent analysis (Capability 5)

Assessments

Assessment Type Percentage Classification
Quizzes/Engagement activities (20%) 20% Individual Coursework
Test (25% x 2) 50% Individual Test
Project Report 30% Individual Coursework
Assessment Type Learning Outcome Addressed
1 2 3 4 5 6
Quizzes/Engagement activities (20%)
Test (25% x 2)
Project Report

Students must obtain at least 50% overall in order to pass this course.

Workload Expectations

This course is a standard 15-point course and students are expected to spend 10 hours per week involved in each 15-point course that they are enrolled in.

For this course, each week you can expect 2 hours of online lectures, 8 hours of reading and thinking about the content and 5 hours of work on quizzes, assignments and/or test preparation.


Delivery Mode

Online

Attendance is expected at scheduled online activities, including online quizzes, to complete components of the course. The course will include two live online events, including group discussions/review sessions, which will be recorded. Test details will be provided through Canvas. Learning materials will be available at course commencement. This course runs to the University quarter timetable, and all the associated completion dates and deadlines will apply.


Learning Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

Student feedback is always welcome as this helps us improve the course. If applicable, we would solicit formative mid-course
feedback from students.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework, tests and examinations as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. A student's assessed work may be reviewed against electronic source material using computerised detection mechanisms. Upon reasonable request, students may be required to provide an electronic version of their work for computerised review.

Class Representatives

Class representatives are students tasked with representing student issues to departments, faculties, and the wider university. If you have a complaint about this course, please contact your class rep who will know how to raise it in the right channels. See your departmental noticeboard for contact details for your class reps.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Learning Continuity

In the event of an unexpected disruption we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and your assessment is fair, and not compromised. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator, and if disruption occurs you should refer to the University Website for information about how to proceed.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.

Published on 20/11/2024 11:22 a.m.