UPM-602C Proseminar: Economics
This course provides an overview of real estate economics and finance and the relationship of economics to public space. The class first examines how financial value is created for property in cities, then reviews how market analysis is conducted, and lastly reviews how the value of a project is understood by both the public sector (economic impact) and the private sector (development pro forma). The course examines how the development process intersects with public realm development and the ways in which public space creates value. The curriculum and assignments complement coursework in the Lab: Observation and Analysis of Public Space.