The course exposes students to economic theory and applies that knowledge to assist the student's appreciation of the economic imperatives, which drive and shape urban development. Topics covered will include: economic processes in spatial and land use development; urban growth theory; competing land use; supply and demand in the pricing of urban property; the concept of the 'rent bid curve' business location theory; the impact of land based communication corridors on price; technology and footloose location theory; planning and government control on free market pricing; environmental and heritage issues; and local government regulation and by-laws.