Examination of housing markets, housing finance, and government housing policy using the tools of microeconomics. Models of demand, supply, and market equilibrium emphasizing the special characteristics of housing, including heterogeneity, durability, and spatial fixity. Relationships to other goods and markets and the wider macroeconomy. Prerequisite(s): ECON 1001 or FYSM 1003. Lectures three hours a week. [0.5 credits]
Examination of housing markets, housing finance, and government housing policy using the tools of microeconomics. Models of demand, supply, and market equilibrium emphasizing the special characteristics of housing, including heterogeneity, durability, and spatial fixity. Relationships to other goods and markets and the wider macroeconomy. Prerequisite(s): ECON 1001 or FYSM 1003. Lectures three hours a week. [0.5 credits]
