Patrik Schellenbauer: Catalogue data in Spring Semester 2017

Name Dr. Patrik Schellenbauer
Address
Avenir Suisse
Rotbuchstrasse 46
8037 Zürich
SWITZERLAND
Telephone044 445 90 11
DepartmentHumanities, Social and Political Sciences
RelationshipLecturer

NumberTitleECTSHoursLecturers
851-0636-00LEconomics II2 credits2GP. Schellenbauer
AbstractThe course in economics extends over two semesters. The focus during the winter term is on the introduction to economic theory and thought. These considerations provide the fundamental requirements for the analysis of land, habitation and space from an economic perspective in the summer term.
Objective
ContentThe course in economics extends over two semesters. The focus during the Fall term is on an introduction to economic thought. These considerations provide the fundamental requirements for the economic analysis of land, housing and urban markets in the following Spring term.

The Fall semester focuses on the economic way of thinking. We shall discover why A. Marshall defined economics as "a study of mankind in the ordinary business of life". The course introduces the student to the "big questions" in economics, such as the concept of rationality and its limits, factors driving supply and demand, the working of markets, the importance of the price system and the reasons why markets may fail.

There are many interactions between economic and social phenomena on the one hand, and the built environment on the other. Our knowledge of the fundamental economic principles will allow us to understand the workings of the housing, land, credit and real estate markets - markets of fundamental importance for the future architect. We consider questions such as: which are the major problems of the land market? Which factors determine the price of land? What are the economic drivers that shape the form of our cities? Which are the primary difficulties in designing a reasonable housing policy.
Finally, the courses discusses the main determinants of real estate investment -- both its risks and its opportunities.