This course is cross-listed with CRP and GSPP.

COURSE NUMBER: MBA286.1

COURSE TITLE: Housing and the Urban Economy

UNITS OF CREDIT: 3 units

INSTRUCTOR: John Quigley

E-MAIL ADDRESS: quigley@econ.berkeley.edu

CLASS WEB PAGE LOCATION: else.berkeley.edu/~quigley

MEETING DAY(S)/TIME: Tuesdays 3:00-6:00 PM This class will meet in: Room 250, Goldman School

PREREQUISITE(S): A working knowledge of microeconomics is presumed.

CLASS FORMAT: Lecture

REQUIRED READINGS: Reader, plus optional materials on reserve at the Long Library in the Haas School building.

BASIS FOR FINAL GRADE:

Final examination (50%),

A short paper (30%),

An oral presentation (10%), and

Class participation (10%).

ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES:

This course considers the economics of urban housing and land markets from the viewpoints of investors, developers, public and private managers, and consumers. It considers the interactions between private action and public regulation -- including land use policy, taxation, and government subsidy programs. We will also analyze the links between primary and secondary mortgage markets, securitization, and liquidity. Finally, the links between local housing and related markets -- such as transportation and public finance -- will be explored.