Reading List 201617

Department of Land Economy
MPhil Reading List

2016-2017
MPhil Reading List 2016-2017
Contents
Contents ..................................................................................................................................1
Introduction ..............................................................................................................................2
Environmental Policy ...............................................................................................................3
Planning, Growth, and Regeneration ......................................................................................5
Real Estate Finance ................................................................................................................6
Land Economy Research ........................................................................................................7
RM01 Quantitative research methods I ...................................................................................9
RM02 Quantitative research methods II (TBC) .....................................................................10
RM03 Mixed research methods .............................................................................................10
EP02 Fundamentals of environmental economics ................................................................12
EP03 International Environmental Law I ...............................................................................12
EP04 Environmental policy assessment and evaluation .......................................................13
EP05 International Environmental Law II ..............................................................................13
EP06 Energy and Climate Change ........................................................................................13
EP08 Rural environment: property, planning and policy .......................................................14
EP11 Comparative environmental politics and policy ............................................................14
PGR01 Urban and environmental planning I .........................................................................14
PGR02 Issues in public policy and regeneration and economic tools for spatial planning ....15
PGR05 Housing and regeneration ........................................................................................16
PGR07 Spatial economics (TBC) ..........................................................................................16
PGR08 & PGR09 Institutions and development I & II (TBC) .................................................17
PGR10 Urban and environmental planning II ........................................................................17
RE01 Introduction to real estate finance ...............................................................................19
RE02 Real estate development (TBC) ..................................................................................19
RE03 Real estate securities, securitisation and investment ..................................................20
RE04 Private real estate investment .....................................................................................20
RE06 The Macroeconomy and Housing ................................................................................21
RE07 Real estate project modelling & decision methods ......................................................22
1
Introduction
This reading list has been compiled to provide new students with suggested background
reading for key themes and principles to be covered during the various MPhil programmes,
especially the first term. Where it is expected that students will have reached a required
standard prior to undertaking a particular module it will be indicated. Students who are not
familiar with the concepts required at this level are strongly encouraged to take steps to
increase their understanding to at least the level indicated. The additional references cited
are given to indicate to students the type and nature of material to be covered in the
programme. More detailed reading lists will be provided during the course.
Candidates for the MPhils in Environmental Policy, Planning, Growth and Regeneration and
Real Estate Finance will be required to take 8 modules (four in Michaelmas Term and four in
Lent Term). Some of the modules are compulsory and are listed as core modules. In
addition, they will be expected to submit a dissertation.
Candidates for the MPhil in Land Economy Research are required to take two modules in
the Michaelmas or Lent Term. In addition, they will be expected to submit a dissertation and
a research methods essay. They are also required to attend and participate in research
methods modules (http://www.ssrmc.group.cam.ac.uk/).
Candidates for the MPhil in Land Economy (by thesis) are required to attend and participate
in research methods modules (although they are not examined). The principle component of
the course is the research thesis.
The modules offered for each MPhil course in the forthcoming year are outlined in the
following pages together with general reading for the course as appropriate. Thereafter there
are specific reading lists for each module offered.
The information provided in this document was accurate at the time of publication but
may be liable to change. Please note that modules may be withdrawn if there is not
sufficient demand or in the event of exceptional circumstances. Availability of
modules will be subject to satisfactory completion of prerequisite modules and to
timetabling constraints. Each candidate's course of study will be subject to the
approval of the Degree Committee.
2
Environmental Policy
Core methodology module (mandatory)

EITHER
RM01 Quantitative research methods I (Michaelmas Term)
OR
RM03 Mixed research methods (Michaelmas Term)
Core modules (mandatory)

EP02 Fundamentals of environmental economics (Michaelmas Term)
EP03 International environmental law I (Michaelmas Term)
At least two from

EP04 Environmental policy assessment and evaluation (Lent Term) [Prerequisites: EP02
and RM01]
EP05 International environmental law II (Lent Term) [Prerequisite: EP03]
EP06 Energy and climate change (Lent Term)
EP07 National, comparative and European environmental law and policy (Lent Term)
EP08 Rural environment: property, planning and policy (Lent Term)
EP11 Comparative environmental politics and policy (Michaelmas Term)
Optional modules
RM02 Quantitative research methods II (Lent Term) [Prerequisite: RM01]
PGR01 Urban and environmental planning I (Michaelmas Term)
PGR02 Issues in public policy and regeneration (Michaelmas Term)
PGR05 Housing and regeneration (Lent Term)
PGR07 Spatial economics (Lent Term) [Prerequisite: RE01 or PGR02 or EP02]
PGR08 Institutions and development I (Michaelmas Term)
PGR09 Institutions and development II (Lent Term)
PGR10 Urban and environmental planning II (Lent Term)
RE01 Introduction to real estate finance (Michaelmas Term)
RE02 Real estate development (Lent Term)
RE03 Real estate securities, securitisation and investment (Lent Term) [Prerequisite: RE01]
RE04 Private real estate investment: risk and return (Lent Term) [Prerequisite: RE01]
RE05 Legal issues in land use and finance (Lent Term)
RE06 The macroeconomy and housing (Michaelmas Term)
General Reading for Environmental Policy
In addition to the reading suggested for individual modules, some general reading on the
legal, political and economic aspects of environmental policy may be useful already at the
induction stage. These include:
Bonneuil, C. and J.-B. Fressoz, The Shock of the Anthropocene: The Earth, History and Us
(London/New York: Verso Books, 2016)
Dupuy. P.-M., J. E. Viuales, International Environmental Law (Cambridge University
Press, 2015)
Dryzek, J.R., The Politics of the Earth: Environmental Discourses (Oxford University
Press, 2005, 2nd edition)
Dryzek, J.R. & D. Schlosberg, Debating the Earth: The Environmental Politics Reader
(Oxford University Press, 2004, 2nd edition)
McNeill, J.R., Something New Under the Sun: An Environmental History of the Twentieth
Century World (New York: Norton & Co., 2001)
3
Stavins, R.N., Economics of the Environment: Selected Readings (New York: Norton &
Co, 2005, 5th edition)
Viuales, J. E., 'The Rise and Fall of Sustainable Development' (2013) 22 RECIEL 1.
4
Planning, Growth, and Regeneration

EITHER
OR
RM03 Mixed research methods (Michaelmas Term)

PGR02 Issues in public policy and regeneration I (Michaelmas Term)
Optional modules
PGR07 Spatial economics (Lent Term) [Prerequisite: [RE01 or PGR02 or EP02]
and RM01]
General Reading for Planning Growth and Regeneration

McCann, P., Modern urban and regional economics, Oxford: Oxford University Press,
2013
Allmendinger, P., Planning Theory, Palgrave, 2009, 2nd edition
Fennel, S., Rules, Rubrics and Riches: the interrelationship between the legal reform
and international development. Routledge, 2010
Malpass, P.and Rowlands, R., Housing Markets and Policy. Routledge, 2010
Tyler, P.; Warnock, C.; Provins, A. and Lanz, B. Valuing the Benefits of Urban
Regeneration. Urban studies 50(1) 169-190, 2012
Silva, E.A., P. Healey, N. Harris and Pieter Van den Boek (2014) The Routledge
Handbook of Planning Research Methods. Routledg
Allmendinger, P., Haughton, G., Knieling, J. and Othengrafen, F. (2015) Soft Spaces of
Governance in Europe: A Comparative Perspective, Routledge, London
Silva E. A. and Acheapong, R. (2015) Developing and inventory and typology of Land-
Use Planning Systems and Policy Instruments in OECD Countries OECD, DOI.:
JT03374599 ENV/EPOC/WPIEEP (2015)8: 54 pages
5
Real Estate Finance


At least one from

RE07 Real estate project modelling & decision methods (Michaelmas Term)
Optional modules
and RM01]
General Reading for Real Estate Finance
The following books would be good general reading for the Real Estate Finance course:
Baum, A. (2009), Commercial Real Estate Investment, 2nd edition, London, EG Books
Brueggeman, W. and Fisher, J. (2010) Real Estate Finance and Investments, 14th
Edition, Boston: McGraw-Hill International
Geltner, D., Miller, N., Clayton, J. and Eichholtz, P. (2007), Commercial Real Estate
Analysis and Investments, 2nd Edition, Mason OH: Thompson-South-Western
Lizieri, C. (2009), Towers of Capital, Oxford: Wiley-Blackwell
Baum, A. and Hartzell, D. (2011) Global Property Investment: Strategies, Structures,
Decisions, Oxford: Wiley-Blackwell
6
Land Economy Research
In addition to a compulsory dissertation of no more than 20,000 words, and a 4,000 word
research methods essay on a topic set by the Degree Committee, candidates must take the
following:
Research methods training (mandatory)

Six core modules from the Social Science Research Methods Centre (SSRMC) Training
Programme (Michaelmas and Lent Terms)
Two modules from the following to be examined by essay or project in all cases
(Michaelmas or Lent)
and RM01]
RE07 Real estate project modelling & decision methods (Michaelmas Term)
The Degree Committee for the Department of Land Economy give notice that the form of
examination for each module offered in 2016-17 will be as follows:
Michaelmas Term modules

Modules offered in Michaelmas Term will be examined before the start of Full Lent Term by
one or two essays and/or projects not exceeding 4,000 words each, and/or by written
examination. The only exception being the project for RM03 which will not exceed 6,000
words and the essay for EP11 which will not exceed 5,000 words. All written examinations
shall be of 2 hours duration. In all cases MPhil in Land Economy Research candidates will
be examined by essay(s) and/or project work and not by written examination.
Module Form of examination

RM01 Quantitative research methods I 2hr written exam (100%)
RM03 Mixed research methods Project work (100%)
PGR01 Urban and environmental planning I 2hr written exam (100%)
PGR02 Issues in public policy and regeneration I 2hr written exam (100%)
PGR08 Institutions and development I 4,000 word essay (100%)
7
EP02 Fundamentals of environmental economics 48hr Project work (100%)

EP03 Fundamentals of international environmental law 48hr Project work (100%)
EP11 Comparative environmental politics and policy Project work (100%)
RE01 Introduction to real estate finance 2hr written exam (75%); Project
work (25%)
RE06 The macroeconomy and housing 2hr written exam (100%)
RE07 Real estate project modelling & decision methods 2hr written exam (80%) Project
work (20%)
Lent Term Modules

Modules offered in the Lent Term will be examined before the start of Full Easter Term by
one or two essays and/or projects not exceeding 4,000 words each, and/or by written
examination. The only exception being the essay for EP04 which will not exceed 5,000
words, the group project for EP06 which will not exceed 6,000 words and the group project
for RE02 which will not exceed 10,000 words. All written examinations shall be of 2 hours
duration. In all cases MPhil in Land Economy Research candidates will be examined by
essay(s) and/or project work and not by written examination.
Module Form of examination

RM02 Quantitative research methods II Project work (100%) TBC
PGR05 Housing and regeneration 2hr written exam (100%)
PGR07 Spatial economics 2hr written exam (100%) TBC
PGR09 Institutions and development II 4,000 word essay (100%)
PGR10 Urban and environmental planning II 4,000 word essay (100%)
EP04 Environmental policy assessment and evaluation 48hr Project work (100%)
EP05 Advanced international environmental law 48hr Project work (100%)
EP06 Energy and Climate Change 2hr written exam (70%); group
project (30%)
EP07 National, Comparative and European Two 4,000 words essays (100%)
Environmental Law and Policy
EP08 Rural environment: property, planning and policy 2hr written exam (100%)
RE02 Real estate development 10,000 word group project (75%)
Presentation (25%) TBC
RE03 Real estate securities, securitisation and 2hr written exam (60%); Project work
investment (40%)
RE04 Private real estate investment 2hr written exam (75%); Project work
(25%)
RE05 Legal issues in land use and finance Two 4,000 words essays (100%)
8
RM01 Quantitative research methods I
Introductory mathematics
Students should be confident in standard arithmetic operations (up to and including logarithms,
exponents) and some basic linear algebra (basic vector and matrix operations and
determinants). Also, familiarity with differential calculus would be highly desirable, with an
emphasis on simple derivatives and differentiation rules (such as the chain rule). For those
unfamiliar or a bit rusty, good introductory books with an economic perspective are:
Thomas, R.L. (1999): Using Mathematics in Economics. Addison-Wesley 2nd ed. 1999.
Bradley, T. and P. Patton (2008): Essential Mathematics for Economics and Business.
3rd ed. Wiley.
The emphasis in the course is on review and consolidation of skills at an intermediate level with
a view to applying these tools to policy questions. Methods of static optimisation will be
reviewed in this course. The material presented in the course will be based on textbooks such
as:
Chiang, A. (2005): Fundamental Methods of Mathematical Economics. 4th ed., McGraw-
Hill.
Simon, C.P. and L. Blume (1994): Mathematics for Economists W.W. Norton, c1994.
There are many suitable books around both at the introductory and more advanced levels, and
the titles listed above should be regarded more indicative than definitive. For those with a
background in economics or technical subjects, a review of whatever textbooks you may have
used for your undergraduate training is probably a good preparation. For those with little
exposure to mathematics in their undergraduate training, a review of your high school
mathematics will help refresh the basics in your mind.
Introductory statistics
Students should be confident in their understanding of descriptive statistics used to describe the
probability distribution of a random variable, such as measures of central tendency (mean) and
dispersion (variance). Knowledge of techniques that measure the relation between series of
data, such as correlation and linear regression, and associated tests of significance of these
relations (hypothesis testing) is also highly desirable. Students who are not familiar with these
concepts are encouraged to read one of the suggested introductory statistical textbooks listed
below before coming to Cambridge:
Mason, R.D. and Lind, D.A. (2011) Statistical Techniques in Business and Economics,
15th Edition, McGraw-Hill Higher Education.
Aczel, A.D. (1996) Complete Business Statistics, 7th edition, McGraw-Hill Higher
Education..
(Note: there are numerous statistical texts available and the books listed above are intended to
provide a guide rather than being definite recommendations).
The material covered in the Introductory Statistics lectures will draw on textbooks such as:
Thomas, R.L. (1997) Modern Econometrics: An Introduction, Addison-Wesley, London.
Gujarati, D. (2009) Basic Econometrics, 5th Edition, McGraw-Hill, London.
Greene, W. (2012) Econometric Analysis, 7th Edition, Prentice-Hall, Englewood Cliffs, N.J.
Spanos, A. (1999) Probability Theory and Statistical Inference, Cambridge University
Press, Cambridge.
9
RM02 Quantitative research methods II (TBC)
Mathematics
Students should be confident in standard arithmetic operations (up to and including
logarithms, exponents), some basic linear algebra (basic vector and matrix operations and
determinants), and familiar with differential calculus. For those unfamiliar or a bit rusty, good
introductory books with an economic perspective are:
Thomas, R.L. (1999): Using Mathematics in Economics. Addison-Wesley 2nd ed. 1999.
Bradley, T. and P. Patton (1998): Essential Mathematics for Economics and Business.
Wiley 3rd ed. May 08.
The emphasis in the course is on review and consolidation of skills at an intermediate level
with a view to applying these tools to policy questions. Methods of static optimisation will be
reviewed in this course. The material presented in the course will be at a level comparable to
the following textbooks:
Chiang, A. (1984): Fundamental Methods of Mathematical Economics. 3rd ed., McGraw-

Hill.
Simon, C.P. and L. Blume (1994): Mathematics for Economists, W.W. Norton, c1994.
There are many suitable books around both at the introductory and more advanced levels,
and the titles listed above should be regarded more indicative than definitive. For those with
a background in economics or technical subjects, a review of whatever textbooks you may
have used for your undergraduate training is probably a good preparation. For those with
little exposure to mathematics in their undergraduate training, a review of your high school
mathematics will help refresh the basics in your mind.
Statistics and Econometrics

Students should be confident in their understanding of descriptive and inferential statistics.
Familiarity with linear regression, and associated tests of significance of these relations
(hypothesis testing) is also highly advantageous. Students who are not familiar with these
concepts are encouraged to master textbooks such as:
Thomas, R.L. (1997) Modern Econometrics: An Introduction, Addison-Wesley, London.

Gujarati, D. (1995) Basic Econometrics, 3rd Edition, McGraw-Hill, London 4th ed. January
03.
Stock, J., Watson, M. (2010) Introduction to Econometrics, 3rd Edition, Prentice Hall.
RM03 Mixed research methods
This course does not require students to have prior statistical knowledge or application, or
any experience of qualitative work. The lectures will focus on concepts of qualitative and
quantitative research methodology and on Geographic Information Systems and Spatial
Analysis. The course will furnish students with knowledge of how to approach planning and
performing research using published and self-collected data and will help guide students to
identify appropriate data sources. Practice in the application of the statistical concepts will be
undertaken using SPSS, or any analytical package of choice.
Silva, E.A. (2013) The power of Geographic Information in Information and

Communication Technologies. Urban Design and Planning. 166 (1): 1-2
10
Silva, E. A. (2011) Data, models and land planning Europes data-led policy. Journal of
Urban Design and Planning. 164(4): 195-196
Geertman, S. (2014) Planning Support Systems (PPS) as research instruments. Silva, E.
A. (2014) Quantitative methods expertise a diverse landscape in Europe and around
the world. in: Silva, E.A. , P. Healey, N. Harris and Pieter Van den Boek (2014) The
Routledge
Dickinson, H. O. (2002), Use and abuse of statistics in nursing research. Journal of
Advanced Nursing, 39: 405407. doi: 10.1046/j.1365-2648.2002.02334.
11
EP02 Fundamentals of environmental economics
This module is compulsory for Environmental Policy students. No previous knowledge

of environmental economics is assumed. Familiarity with basic undergraduate economics is
highly recommended. For those with little background in economics, excellent and focused
introductions are provided in:
Hanley, N., J. Shogren, and B. White Introduction to Environmental Economics. OUP

2013 or previous edition).
Tietenberg, T Environmental Economics and Policy, Addison-Wesley, 6th edition, 2009.
A concise and clear review of the micro-economic foundations is also contained in Chapter 3
of:
Russell, C. (2001): Applying Economics to the Environment. Oxford UP
Again, these may be particularly appropriate if you have had little exposure to economics
before or if you would like to review undergraduate material.
The main textbook for this course is:
Kolstad, C.D. Environmental Economics. Oxford University Press, 2011 (or previous
edition)
Additional readings will be referred to in the lectures. Other suitable books are:
Hanley, N., J. Shogren and B. White (2007): Environmental Economics in Theory and
Practice, Palgrave, London.
Tietenberg, T and Lewis, L (2011) Environmental & Natural Resource Economics:
International Edition, Pearson Higher Education, 9th edition.
EP03 International Environmental Law I
This module is compulsory for Environmental Policy students. No prior knowledge of

law is assumed but students must be willing to read widely in order to acquire sufficient
command of public international law.
The textbook for this module is:-

Dupuy, P.-M. and J. E. Viuales, International Environmental Law (Cambridge University
Press, 2015)
Recommended to all students:

Crawford, J., Brownlies Principles of Public International Law (Oxford University Press,
8th ed., 2012), chapters 1 to 4.
Bodansky, D., J. Brunnee and E. Hey (eds.), The Oxford Handbook of International
Environmental Law (Oxford University Press, 2007), chapters 2, 14, 15, 16 and 17.
Viuales, J. E., The Rise and Fall of Sustainable Development (2013) 22 Review of
European, Comparative and International Environmental Law (RECIEL) 3-11.
Viuales,The Rio Declaration on Environment and Development. Preliminary Study, in
Viuales, (ed.), The Rio Declaration on Environment and Development. A Commentary
(OUP, 2015).
12
Recommended to students requiring further background in public international law:

Dixon, M., Textbook on International Law (Oxford University Press, 6th ed., 2007)
Clapham, A., Brierlys Law of Nations: An Introduction to the Role of International Law in
International Relations (Oxford University Press, 2012).
EP04 Environmental policy assessment and evaluation
There is no single text for this module. The readings suggested here indicate some of the
issues and approaches covered in an accessible way.
Crabee and Leroy (2008), Handbook of environmental policy evaluation, Earthscan,

Chapter 3
Pearce, D. (1998) Cost-Benefit Analysis and Environmental Policy, Oxford review of
environmental policy Oxford review of environmental policy, 14(4), pp.84-1000
Paul Gertler, Sebastian Martinez, Patrick Premand, Laura Raulings and Christel
Vermeersch, Impact Evaluation in Practice, the World Bank (available at
http://www.worldbank.org/pdt)
Khandker, S.R., G.B. Koolwal and H.A. Samad, 2010. Handbook on Impact Evaluation
Quantitative Methods and Practices, The International Bank for Reconstruction and
Development / The World Bank
EP05 International Environmental Law II
This module will not follow a single book, but here is a selection of books covering the topics
examined in detail:
Stephens, International Courts and Environmental Protection (CUP, 2009).

Anton & Shelton, Environmental Protection and Human Rights (CUP, 2011).
Austin & Bruch (eds.), The Environmental Consequences of War (CUP, 2000)
Vranes, Trade and the Environment (OUP, 2009).
Lester, Mercurio & Bartels (eds.), Bilateral and Regional Trade Agreements (CUP,
2015).
Viuales, Foreign Investment and the Environment in International Law (CUP, 2012).
Miles, The Origins of International Investment Law (CUP, 2013)
EP06 Energy and Climate Change
The course is inter-disciplinary and covers issues relative to energy and climate change from
the perspective of economics, politics, and law. No previous knowledge in these fields is
necessary but students must be willing to give equal attention to the three disciplines.
The module does not follow a single textbook, and a list of readings will be given after each
lecture. The following books provide a broad and up-to-date introduction to some of the
issues which will be discussed in class:
K. Bckstrand and E. Lvbrand (eds), Research Handbook on Climate Governance

(Edward Elgar 2015)
M. Grubb, Planetary Economics (Routledge, 2014)
R. Heffron and G Little (eds.), Delivering Energy Law and Policy in the EU and US: A
Reader (Edinburgh University Press 2016)
K. Talus (ed.), Research Handbook on International Energy Law (Edward Elgar 2015)
13
EP08 Rural environment: property, planning and policy
There is no single text for this module, although my book illustrates much of the contents.
The readings suggested here indicate some of the issues and approaches in an accessible
way.
Hodge, Ian (2016) The Governance of the Countryside. Cambridge University Press.
Reynolds, Fiona (2016) The Fight for Beauty: Our Path to a Better Future. Oneworld
Publications, London
Pretty, Jules (2002) Agri-culture: Reconnecting People, Land and Nature, Earthscan,
London.
Monbiot, G. (2013) Feral: Searching for Enchantment on the Frontiers of Rewilding Allen
Lane, London.
EP11 Comparative environmental politics and policy

Recommended to all students:
Green development : environment and sustainability in the Third World / W. M. Adams.

Adams, W. M. (William Mark), London : Routledge, 1990.
Report of the World Commission on Environment and Development: Our Common

Future. World Commission on Environment and Development, Oxford: Oxford University
Press, 1987.
PGR01 Urban and environmental planning I

"Urban and Environmental Planning" will be based in a set of eight lecturer led seminars per
term. PGR01 will explore the main issues in Planning, while PGR10 will detail some of the
subjects and build on specific case studies. Discussion at the lectures will focus on issues
set out in advance by the lecture topics and the corresponding reference list. It is important
that students review required readings once the major questions raised by the literature on
the subject will be discussed. More detailed bibliography will be made available each week
which provide fuller references for subsequent topics.
Allmendinger, P. (2009) Planning Theory (second edition), Palgrave.

Allmendinger, P. (2016) Neoliberal Spatial Governance, Routledge
Allmendinger, P., Haughton, G., Knieling, J. and Othengrafen, F. (2015) Soft Spaces of
Governance in Europe: A Comparative Perspective, Routledge, London
Silva E. A. and Acheapong, R. (2015) Developing and inventory and typology of Land-
Use Planning Systems and Policy Instruments in OECD Countries OECD, DOI.:
JT03374599 ENV/EPOC/WPIEEP (2015)8: 54 pages
De Roo, G. and Silva, E. (2009) A Planners Meeting with Complexity. Ashgate.
Haughton, G. and Allmendinger, P. (2013) Spatial Planning and the New Localism,
Routledge
14
PGR02 Issues in public policy and regeneration and economic

tools for spatial planning
This module is designed to provide economic tools to assist those involved in public policy
and in particular spatial planning. It requires no previous knowledge of economics, and
concepts will be presented using mainly diagrams. Additional references will be provided
during the lectures.
It begins with a basic review of some of the relevant basic concepts from Welfare
Economics. It then considers how governments evaluate the cost and benefits of spatial
policies. There will be inputs from visiting speakers.
The core texts for this module are:
Welfare Economics
Stiglitz, J. E. (2000). Economics of the Public Sector, 3rd edition, New York: W. W.
Norton & Co.
Accocela, N. (1998). The Foundations of Economic Policy: Values and Techniques,
Cambridge: Cambridge University Press.
Pindyck, R. S. and D. L. Rubinfeld (2013), Microeconomics, eighth edition, Pearson /
Prentice Hall
Intermediate microeconomics textbooks will be useful as an introduction to microeconomic

theory for example:
Varian, H. (2010). Intermediate Microeconomics: A Modern Approach, 8th edition, New

York: W. W. Norton & Co.
Estrin, S. and D. Laidler (1995), Introduction to Microeconomics, Wheatsheaf Harvester:
Part VII General Equilibrium and Welfare and Part IX Some Aspects of Public Choice
Analysis.
Johansson, P-O. (1991), An Introduction to Welfare Economics, Cambridge University
Press.
Bohm, P. (1987), Social Efficiency. A Concise Introduction to Welfare Economics,
MacMillan
In these - only read those chapters / topics covered in the course
Other appropriate readings will be given during the lectures.
Evaluating Public Policy
Magenta Book Part B: Planning and Undertaking Evaluations

(https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/220544/m
agenta_book_part_b.pdf)
Handbook on Impact Evaluation. S. Khandker, G.Koolwal and H. Samad.

https://openknowledge.worldbank.org/bitstream/handle/10986/2693/520990PUB0EPI110
1Official0Use0Only1.pdf?sequence=1
15
PGR05 Housing and regeneration
Core texts:
Oxley M (2004) Economics, Planning and Housing, Plagrave Macmillan.
Allen C (2008) Housing Market renewal and social class, Routledge.
Malpass P and Rowlands R (eds) (2010) Housing Markets and policy, Routledge.
Lowe S (2011)The housing debate: policy and politics in the twenty first century, Bristol:
the Policy Press
Lund B (2011) Understanding housing policy Bristol: the Policy Press
Wilcox S and Perry J (2014) UK Housing Review 2014 Coventry: Chartered Institute of
Housing
Williams P (2014) Where is housing heading? Putting homeownership in its place
Coventry: Chartered Institute of Housing
Useful websites:
Joseph Rowntree Foundation, www.jrf.org.uk Findings for up to date UK research on
housing and neighbourhoods
Royal Institute of Chartered Surveyors (RICS) UK Housing Market surveys
www.rics.org.uk
Savills Research reports www.savills.co.uk
PGR07 Spatial economics (TBC)
Core Readings
McCann, P. (2013) Modern Urban & Regional Economics. Oxford: Oxford University
Press.
Brakman, S. Garretsen, H. and van Marrewijk, C. (2009) The New Introduction to
Geographical Economics. Cambridge: Cambridge University Press
Introductory Textbooks
McDonald, J. and McMillen, D. (2007) Urban Economics and Real Estate, Oxford:
Blackwell.
O'Sullivan, Arthur (2003) Urban Economics. Boston, Mass: McGraw-Hill/Irwin. ISBN 0-
07-248784-4.
Other Useful Textbooks

Capello, R. (2007) Regional Economics, London and New York: Routledge.
OFlaherty, B. (2005) City Economics, Cambridge, MA: Harvard University Press
Advanced
Fujita, M. and J-F. Thisse (2002), Economics of Agglomerations. Cambridge: Cambridge
University Press.
Thisse J-F and J-M Huriot (2000) Economics of Cities. Cambridge: Cambridge University
Press.
16
PGR08 & PGR09 Institutions and development I & II (TBC)
Fennell, S. 2009. Rules, Rubrics and Riches: the interrelationship between the legal
reform and international development. Routledge
Harriss, J., Hunter, J. and Lewis, C.M. (eds), The new institutional economics and
Third World development, Routledge, 1995
Harriss-White, B., India working: essays on society and economy, Cambridge
University Press, 2003
Kabeer, N., 1994. Reversed realities: gender hierarchies in development thought,
Verso, 1994
Knight, J., 1992, Institutions and Social Conflict, Cambridge University Press
Krishna, A., Uphoff, N. and Esman, M. (eds), 1997, Reasons for hope: instructive
experiences in rural development, Kumarian Press
Lappe, M. and Bailley, B., 1999, Against the grain: the genetic transformation of
global agriculture, Earthscan
Migdal, J.S., State in society: studying how states and societies transform and
constitute one another, Cambridge University Press, 2001
North, D.C., 1990. Institutions, institutional change and economic performance,
Cambridge University Press
Olson, M., 2000. Power and prosperity: outgrowing communist and capitalist
dictatorships, Basic
Ostrom, E., 1990, Governing the commons : the evolution of institutions for collective
action, Cambridge University Press
Tinker, I., (ed.), 1990, Persistent inequalities: women and world development, Oxford
University Press.
Toulmin, C., and J. Quan (eds), 2000, Evolving land rights, policy and tenure in
Africa, Natural Resources Institute
Weiss, L., The myth of the powerless state: governing the economy in a global era,
Polity Press, 1998
World Commission on Dams, 1999, Dams and development: a new framework for
decision making.
World Development Report 2002, Building institutions for markets, World
Bank/Oxford University Press, 2001
PGR10 Urban and environmental planning II
Urban and Environmental Planning II is based in a set of eight lecturer led seminars
many with leading figures in planning and development. PGR10 will provide more detail
some of the subjects raised in PGR01 and will use specific case studies. More detailed
bibliographies will be made available each week.
Basic texts PGR10 are:

Adams, David, Tiesdell, Steve (2012) Shaping Places: Urban Planning, Design &
Development, Routledge
Allmendinger, Phil (2010) Planning Theory (2nd Edition), Palgrave Macmillan.
Paul Cheshire, Max Nathan, Henry G Overman (2014) Urban Economics and Urban
Policy, Edward Elgar
Chris Couch (2015) Urban planning: an introduction, Palgrave Macmillan
Barry Cullingworth, Vincent Nadin, Trevor Hart, Simin Davoudi, John Pendlebury,
Geoff Vigar, David Webb, Tim Townshend (2015) Town and Country Planning in the
UK, 15th Edition, Routledge
Evans, A (2004) Economics and Land Use Planning, Blackwell.
17
Susan S. Fainstein, James DeFilippis (2015) Readings in Planning Theory, Wiley-

Blackwell, 4th Edn.
Hall, Sir Peter (2014) Cities of Tomorrow: An Intellectual History of Urban Planning
and Design since 1800, (4th Edn.) Wiley Blackwell.
Hall, Peter & Tewdwr Jones, Mark (2011) Urban and Regional Planning, 5th Edn.,
Routledge
Simon Joss (2015) Sustainable cities: governing for urban innovation, Palgrave
Macmillan
Richard T. LeGates and Frederic Stout (2015) The city reader, Routledge, 2015, 6th
Edn.
Simon Parker (2015) Urban Theory and the Urban Experience: Encountering the city,
Routledge, 2nd Edn.
Mario Reimer, Panagiotis Getimis, Hans Blotevogel (eds.) (2014) Spatial Planning
Systems and Practices in Europe: A Comparative Perspective on Continuity and
Changes, Routledge
Sanyal, B (2005) Comparative Planning Cultures, Routledge.
Elisabete Silva, Patsy Healey, Neil Harris, Pieter van den Broeck (2014) The
Routledge handbook of planning research methods, Routledge
18
RE01 Introduction to real estate finance
No previous knowledge of real estate valuation is assumed. Knowledge of discounted cash flow
analysis is helpful and may be found in any introductory finance textbook, for example:
Brealey, R A and Myers, S C, (2010), Principles of Corporate Finance, 10th Edition,

Boston: McGraw Hill.
or:
Ross, S., Westerfield, R. and Jordan, B. (2012) Fundamentals of Corporate Finance,
10th edition, Boston: McGaw-Hill
or:
Cuthbertson, K. and Nitzsche, D. (2008) Investments, 2nd Edition Chichester: Wiley.
While there is no set textbook, real estate texts suitable for the module include:
Baum, A. & Crosby, N. (2007), Property Investment Appraisal, 3rd edition, London:
Routledge
Baum, A. and Hartzell, D. (2011): Global Property Investment - Strategies,
Structures, Decisions, Oxford: Wiley Blackwell
Brueggeman, W. and Fisher, J. (2010) Real Estate Finance and Investments, 14th
Edition, Boston: McGraw-Hill International
Geltner, D., Miller, N., Clayton, J. and Eichholtz, P. (2007), Commercial Real Estate
Analysis and Investments, 2nd Edition, Mason OH: Thompson-South-Western.
Lizieri, C. (2009), Towers of Capital, Oxford: Wiley-Blackwell provides an overview of
office market dynamics in major cities that informs much of the content of the
module.
If you can find a copy, Linneman, P. (2011) Real Estate Finance and Investments, 3rd Edition,
Philadelphia: Linneman Associates, presents an interesting US market perspective on the topic.
Brooks, C. and Tsolacos, S. (2010) Real Estate Modelling and Forecasting, Cambridge:
Cambridge University Press, is a useful statistical primer that might help understanding of
journal articles.
Additional readings, articles and references will be provided over the course of the module.
RE02 Real estate development (TBC)
No previous knowledge of real estate development is assumed. The following background

reading may be helpful:
Squires, G. and Heurkens, E. (Eds) (2014): International Approaches to Real Estate

Development. Routledge.
Brueggeman, W.B and Fisher, J.D. (1997) Real Estate Finance and Investments,
10th Edition, Irwin-McGraw Hill, Boston. 13th ed. 2008.
Miles, M.E., Berens, G. Eppli, M.(2007): Real Estate Development: Principles and
Process. Urban Land Institute: Washington.
Ratcliffe, J., Stubbs, M., and Keeping, M. (2009), 3rd Ed., Urban Planning and Real
Estate Development, Routledge. ISBN. 978-0415272629
Schmitz A. and Brett D. L. (2001), Real Estate Market Analysis: A Case Study
Approach, Urban Land Institution, Washington D.C. ISBN: 0-87420-868-8
19
RE03 Real estate securities, securitisation and investment
Key reading
Cuthbertson, K. and Nitzsche, D. (2008) Investments, 2nd Edition Chichester: Wiley
Bruggeman W. B. and Fisher J. (2010) Real Estate Finance & Investment, 14th
edition, Irwin McGraw-Hill
Geltner, D., Miller N., Clayton, J. and Eichholtz, P. (2007), Commercial Real Estate
Analysis and Investments, Arizona: South-Western Educational Publishing
Key articles will be found in the following journals:

Journal of Real Estate Finance and Economics
Journal of Property Research
Journal of Real Estate Research
Real Estate Economics
Additional reading
Baum, A. and Hartzell, D. (2011): Global Property Investment - Strategies,
Structures, Decisions, Oxford: Wiley Blackwell
Brooks, C. and Tsolacos, S. (2010) Real Estate Modelling and Forecasting, Cambridge:
Cambridge University Press
Chan, S. H.; Erickson, J. and Wang, K. (2003) Real Estate Investment Trusts:
Structure, Performance and Investment Opportunities Oxford: Oxford University Press
Imperiale, R. (2002) Real Estate Investment Trusts: New Strategies for Portfolio
Management, New York, John Wiley and Sons Inc
Linneman, P. (2011) Real Estate Finance and Investments, 3rd Edition, Philadelphia:
Linneman Associates
Lizieri, C. (2009), Towers of Capital, Oxford: Wiley-Blackwell
Westerfield, R. and Jordan, B. (2012) Fundamentals of Corporate Finance, 8th
edition, Boston: McGraw Hill
Additional readings will be supplied at the start of the module and with each topic.
RE04 Private real estate investment
The following cover the core concepts in the course:

Baum, A and Hartzell, D (2011): Global Property Investment - Strategies, Structures,
Decisions, Wiley Blackwell (available online).
This book has a supporting website, on which further materials will be found.
Geltner, D. Miller, N. Clayton, J. and Eichholtz, P: Commercial Real Estate: Analysis

and Investments, 2007, Thomson South Western
Lizieri, C, 2009, Towers of Capital: Office Markets & International Financial Services,
Wiley Blackwell (available online)
Litterman, B/Goldman Sachs: Modern Investment Management, 2003, Wiley
Finance.
Background reading on investment management more context may be found in:

Bodie, Z, Kane, A and Marcus, A: Essentials of Investments, (various editions
available - you don't need the latest)
20
In addition, industry organisation websites contain research relevant to the course and are
worth exploring:
www.ipf.org.uk
www.inrev.org.uk
RE06 The Macroeconomy and Housing
This course focuses on the behaviour of key macroeconomic variables as they relate to
housing, and is taught over eight weeks (two hours per week). It pays particular attention to
the economic policy dimension of macroeconomics and how it is expected to affect key
housing market variables; empirical evidence will be discussed as necessary. In view of the
importance of the housing market in the great recession, the course will provide an analysis
of its significance to the crisis. Five weeks or so are devoted to the macroeconomic aspects
of the course and three weeks to the housing market and its interaction with macroeconomic
policy.
The course assumes no prior knowledge of economics or housing. It is for this reason that
recommended reading for the course will concentrate on two main texts, although further
reading material is also provided.
The recommended text for the macroeconomy aspects of the course is:
Chamberlin, G. and Yueh, L. (2006), Macroeconomics, London: Thomson Learning.
The recommended text for the housing market aspects of the course is:
Arestis, P. and Karakitsos, E. (2010), The Post Great Recession US Economy:

Implications for Financial Markets and the Economy, Basingstoke: Palgrave Macmillan.
Further references:
Arestis, P. and Karakitsos, E. (2005), On the US post-new economy bubble: Should

Asset Prices be Controlled?, in P. Arestis, M. Baddeley and J. McCombie (eds.), The
New Monetary Policy: Implications and Relevance, Cheltenham: Edward Elgar
Publishers.
Arestis, P. and Karakitsos, E. (2010), Subprime Mortgage Market and Current Financial
Crisis, in P. Arestis, P. Mooslechner and K. Wagner (eds.), Housing Market Challenges
in Europe and the United States, Basingstoke: Palgrave Macmillan
Arestis, P. and Karakitsos, E. (2013), Financial Stability in the Aftermath of the Great
Recession, Basingstoke: Palgrave Macmillan
Maclennan, D. (1982), Housing Economics: An Applied Approach, London: Longman.
Meen, G. (2003), Housing , Random Walks, Complexity and the Macroeconomy, in T.
OSullivan and K. Gibb (eds.), Housing Economics and Public Policy, Oxford: Blackwell
Publishing. February 08.
Muellbauer, J. (1990), The Housing Market and the UK Economy: Problems and
Opportunities, in J. Ermisch (ed.), Housing and the National Economy, Aldershot:
Gower for NIESR.
Oxley, M. (2004), Economics, Planning and Housing, (Chapter 2, entitled: Markets,
Development, Institutions and Efficiency), Basingstoke: Palgrave Macmillan.
21
RE07 Real estate project modelling & decision methods
This module is offered to Real Estate Finance and Land Economy Research students
only.
Brown, G.R and Matysiak, G.A. (2000), Real Estate Investment a capital market
approach, 1st ed. Prentice Hall
Byrne, P. (1996), Risk, Uncertainty & Decision-Making in Property Development, 2nd ed.
E & FN Spon
Geltner, Miller, Clayton & Eichholtz (2007), Commercial Real Estate Analysis &
Investments, 2nd ed. ,Thomson South-Western
Baum, A. and Crosby, N. (2007), Property Investment Appraisal, 3rd ed., International
Thomson Publishing
Swan , J., ( 2005) Practical Financial Modelling a guide to current practice, 1st ed.,
CIMA Publishing
Jackson, M. and Staunton,M., (2001), Advanced Modelling in finance using Excel and
VBA,1st ed., John Wiley & Sons
Isaac, D. (2002), Property Valuation Principles,!st ed., Palgrave.
Elton, E. and Gruber, M. (2006),Modern Portfolio Theory and Investment Analysis, 7th
ed., John Wiley & Sons
Taleb,N.N. (2008), The Black Swan: The Impact of the Highly Improbable,1st ed.,
Penguin Books Ltd
22

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Department of Land Economy

MPhil Reading List

Core methodology module (mandatory)

Core modules (mandatory)

At least two from

General Reading for Environmental Policy

Planning, Growth, and Regeneration

Core methodology module (mandatory)

Core modules (mandatory)

General Reading for Planning Growth and Regeneration

Real Estate Finance

Core methodology module (mandatory)

Core modules (mandatory)

At least one from

General Reading for Real Estate Finance

Land Economy Research

Research methods training (mandatory)

Michaelmas Term modules

Module Form of examination

EP02 Fundamentals of environmental economics 48hr Project work (100%)

Lent Term Modules

Module Form of examination

RM01 Quantitative research methods I

RM02 Quantitative research methods II (TBC)

Chiang, A. (1984): Fundamental Methods of Mathematical Economics. 3rd ed., McGraw-

Statistics and Econometrics

Thomas, R.L. (1997) Modern Econometrics: An Introduction, Addison-Wesley, London.

RM03 Mixed research methods

Silva, E.A. (2013) The power of Geographic Information in Information and

EP02 Fundamentals of environmental economics

This module is compulsory for Environmental Policy students. No previous knowledge

Hanley, N., J. Shogren, and B. White Introduction to Environmental Economics. OUP

The main textbook for this course is:

EP03 International Environmental Law I

This module is compulsory for Environmental Policy students. No prior knowledge of

The textbook for this module is:-

Recommended to all students:

Recommended to students requiring further background in public international law:

EP04 Environmental policy assessment and evaluation

Crabee and Leroy (2008), Handbook of environmental policy evaluation, Earthscan,

EP05 International Environmental Law II

Stephens, International Courts and Environmental Protection (CUP, 2009).

EP06 Energy and Climate Change

K. Bckstrand and E. Lvbrand (eds), Research Handbook on Climate Governance

EP08 Rural environment: property, planning and policy

EP11 Comparative environmental politics and policy

Green development : environment and sustainability in the Third World / W. M. Adams.

Report of the World Commission on Environment and Development: Our Common

PGR01 Urban and environmental planning I

Allmendinger, P. (2009) Planning Theory (second edition), Palgrave.

PGR02 Issues in public policy and regeneration and economic

The core texts for this module are:

Intermediate microeconomics textbooks will be useful as an introduction to microeconomic

Varian, H. (2010). Intermediate Microeconomics: A Modern Approach, 8th edition, New

Other appropriate readings will be given during the lectures.

Evaluating Public Policy

Magenta Book Part B: Planning and Undertaking Evaluations

Handbook on Impact Evaluation. S. Khandker, G.Koolwal and H. Samad.

PGR05 Housing and regeneration

PGR07 Spatial economics (TBC)

Other Useful Textbooks

PGR08 & PGR09 Institutions and development I & II (TBC)

PGR10 Urban and environmental planning II

Basic texts PGR10 are: