ECON 391
Economic Analysis of Housing Markets Fall 2016 Division II; Writing-Intensive;
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Housing is one of the most basic of human needs and the housing market is one of the largest, most important and most heavily regulated markets in national economies around the world. At various times economists, policy makers and the general public have regarded the housing market as irrational and malfunctioning in a variety of ways. Why? In this tutorial we will explore and analyze the workings of the housing market. In what ways do housing markets differ from other markets? Why (and how often) do house price “bubbles” occur? How do mortgage markets function and influence housing markets in countries around the world? In what ways can housing and housing conditions serve as an indicator of quality of life? How do housing markets affect the sustainability of cities? These and other questions will be the focus of reading and discussion for the course.
The Class: Type: tutorial
Limit: 10
Expected: 10
Class#: 1146
Requirements/Evaluation: each student will write a paper every other week, and comment on his/her partner's work in the other weeks
Extra Info: may not be taken on a pass/fail basis; not available for the fifth course option
Prerequisites: ECON 251 and 255 or permission of instructor
Enrollment Preference: Economics majors
Distributions: Division II; Writing-Intensive;

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