ARCH565 Urban Land Economics and Property Development
ARCH565 Urban Land Economics and Property Development
Syllabus | International University of Sarajevo - Last Update on Oct 10, 2025
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Architecture
Nerma Omićević
Course Lecturer
Course Objectives
This course would introduce the students to the concepts of urban land economics which have contributed to the shaping of the contemporary urban environment. As a result students will better understand the complex economical forces which will influence their future professional practice. Economic factors at both a macro and micro level will be analysed in order that students fully understand their roles in urban land development. Students will also be introduced to the basic concepts of property development where they will see how these afore mentioned economic principles are applied in the development process. As a result the role played by economic process within property development and architectural practice will be fully understood.
Learning Outcomes
After successful completion of the course, the student will be able to:
Course Materials
Required Textbook
Kone, L.D., Land Development, 10th edition, BuilderBooks, 2006
Additional Literature
Teaching Methods
Teaching will comprise of lectures, and class discussions
Set readings will form a key component of the teaching practice
Weekly Topics
| Week | Topic | Readings / References |
|---|---|---|
| 1 | Introduction to the course. Explanation of tasks and expectations. | Kone, L. D. |
| 2 | The macroeconomics of regional and international real estate markets | Kone, L. D. |
| 3 | Principles of Land Economics | Kone, L. D. |
| 4 | Urban Land Problems | Kone, L. D. |
| 5 | Classification and Characteristics of Land | Kone, L. D. |
| 6 | Public Economy in Land Utilization | Kone, L. D. |
| 7 | Midterm exam | |
| 8 | The Ratio of Improvement Value to Land Value and Maintaining the Investment | Kone, L. D. |
| 9 | How Cities Use Their Land | Kone, L. D. |
| 10 | Urban land plan and zonning | Kone, L. D. |
| 11 | Analysis of referent examples | Kone, L. D. |
| 12 | Analysis of referent examples | Kone, L. D. |
| 13 | Presentation | |
| 14 | Project design assignments. | |
| 15 | Preparation for final exam |
Course Schedule (All Sections)
Office Hours & Room
Assessment Methods and Criteria
Assessment Components
Final Exam
AI: Not AllowedAlignment with Learning Outcomes :
In-term exam
AI: Not AllowedAlignment with Learning Outcomes :
In-class exercises
AI: Not AllowedAlignment with Learning Outcomes :
Assignments
AI: Not AllowedAlignment with Learning Outcomes :
IUS Grading System
| Grading Scale | IUS Grading System | IUS Coeff. | Letter (B&H) | Numerical (B&H) |
|---|---|---|---|---|
| 0 - 44 | F | 0 | F | 5 |
| 45 - 54 | E | 1 | ||
| 55 - 64 | C | 2 | E | 6 |
| 65 - 69 | C+ | 2.3 | D | 7 |
| 70 -74 | B- | 2.7 | ||
| 75 - 79 | B | 3 | C | 8 |
| 80 - 84 | B+ | 3.3 | ||
| 85 - 94 | A- | 3.7 | B | 9 |
| 95 - 100 | A | 4 | A | 10 |
Late Work Policy
Information about late submission policies will be shared during class and posted in this section. Please check back for official guidelines.
ECTS Credit Calculation
📚 Student Workload
This 4 ECTS credit course corresponds to 100 hours of total student workload, distributed as follows:
Lecture Hours
28 hours ⏳ (14 week × 2 h)
Assignments
16 hours ⏳ (2 week × 8 h)
Home study
28 hours ⏳ (14 week × 2 h)
Class exercises
8 hours ⏳ (2 week × 4 h)
In-term exam study
10 hours ⏳ (1 week × 10 h)
Final exam study
10 hours ⏳ (1 week × 10 h)
100 Total Workload Hours
4 ECTS Credits
Course Policies
Academic Integrity
All work submitted must be your own. Plagiarism, cheating, or any form of academic dishonesty will result in disciplinary action according to university policies. When in doubt about citation practices, consult the instructor.
Attendance Policy
Students are expected to adhere to the attendance requirements as outlined in the International University of Sarajevo Study Rules and Regulations. Excessive absences, whether excused or unexcused, may impact academic performance and eligibility for assessment. Mandatory sessions (e.g., labs, workshops) require attendance unless formally exempted. For detailed policies on absences, documentation, and penalties, please refer to the official university regulations.
Technology & AI Policy
Laptops/tablets may be used for note-taking only during lectures. Phones should be silenced and put away during all class sessions. Audio/video recording requires prior permission from the instructor.
Artificial Intelligence (AI) Usage: The use of AI tools (e.g., ChatGPT, Copilot, Gemini) varies by assessment component. Please refer to the AI usage indicator next to each assessment item in the Assessment Methods and Criteria section above. Submitting AI-generated content as your own work, where AI is not explicitly allowed, constitutes an academic integrity violation.
Communication Policy
All course-related communication should occur through official university channels (institutional email or SIS). Emails should include [ARCH565] in the subject line.
Academic Quality Assurance Policy
Course Academic Quality Assurance is achieved through Semester Student Survey. At the end of each academic year, the institution of higher education is obliged to evaluate work of the academic staff, or the success of realization of the curricula.
Learning Tips
Be prepared to contribute thoughtfully during class discussions, labs, or collaborative work. Active participation deepens understanding and encourages critical thinking.
Complete assigned readings or prep materials before class. Take notes, highlight key ideas, and jot down questions. Aim to grasp core concepts and their applications—not just facts.
Use course frameworks or methodologies to analyze problems, case studies, or projects. Begin early to allow time for reflection and refinement. Seek feedback to improve your work.
Don’t hesitate to reach out when something is unclear. Use office hours, discussion boards, or peer networks to clarify concepts and stay on track.
Syllabus Last Updated on Oct 10, 2025 | International University of Sarajevo
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Referencing Curricula Print this page
| Course Code | Course Title | Weekly Hours* | ECTS | Weekly Class Schedule | ||||||
| T | P | |||||||||
| ARCH565 | Urban Land Economics and Property Development | 3 | 0 | 4 | ||||||
| Prerequisite | None | It is a prerequisite to | - | |||||||
| Lecturer | Nerma Omićević | Office Hours / Room / Phone | Wednesday: 9:30-12:00 Thursday: 9:30-12:00 |
|||||||
| nomicevic@ius.edu.ba | ||||||||||
| Assistant | Assistant E-mail | |||||||||
| Course Objectives | This course would introduce the students to the concepts of urban land economics which have contributed to the shaping of the contemporary urban environment. As a result students will better understand the complex economical forces which will influence their future professional practice. Economic factors at both a macro and micro level will be analysed in order that students fully understand their roles in urban land development. Students will also be introduced to the basic concepts of property development where they will see how these afore mentioned economic principles are applied in the development process. As a result the role played by economic process within property development and architectural practice will be fully understood. | |||||||||
| Textbook | Kone, L.D., Land Development, 10th edition, BuilderBooks, 2006 | |||||||||
| Additional Literature | ||||||||||
| Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
|
||||||||||
| Teaching Methods | Teaching will comprise of lectures, and class discussions. Set readings will form a key component of the teaching practice. | |||||||||
| Teaching Method Delivery | Teaching Method Delivery Notes | |||||||||
| WEEK | TOPIC | REFERENCE | ||||||||
| Week 1 | Introduction to the course. Explanation of tasks and expectations. | Kone, L. D. | ||||||||
| Week 2 | The macroeconomics of regional and international real estate markets | Kone, L. D. | ||||||||
| Week 3 | Principles of Land Economics | Kone, L. D. | ||||||||
| Week 4 | Urban Land Problems | Kone, L. D. | ||||||||
| Week 5 | Classification and Characteristics of Land | Kone, L. D. | ||||||||
| Week 6 | Public Economy in Land Utilization | Kone, L. D. | ||||||||
| Week 7 | Midterm exam | |||||||||
| Week 8 | The Ratio of Improvement Value to Land Value and Maintaining the Investment | Kone, L. D. | ||||||||
| Week 9 | How Cities Use Their Land | Kone, L. D. | ||||||||
| Week 10 | Urban land plan and zonning | Kone, L. D. | ||||||||
| Week 11 | Analysis of referent examples | Kone, L. D. | ||||||||
| Week 12 | Analysis of referent examples | Kone, L. D. | ||||||||
| Week 13 | Presentation | |||||||||
| Week 14 | Project design assignments. | |||||||||
| Week 15 | Preparation for final exam | |||||||||
| Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs | AI Usage |
| Final Exam | 1 | 30 | Not Allowed | ||
| Semester Evaluation Components | |||||
| In-term exam | 1 | 20 | Not Allowed | ||
| In-class exercises | 2 | 10 | Not Allowed | ||
| Assignments | 2 | 40 | Not Allowed | ||
| *** ECTS Credit Calculation *** | |||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture Hours | 2 | 14 | 28 | Assignments | 8 | 2 | 16 | |||
| Home study | 2 | 14 | 28 | Class exercises | 4 | 2 | 8 | |||
| In-term exam study | 10 | 1 | 10 | Final exam study | 10 | 1 | 10 | |||
| Total Workload Hours = | 100 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 4 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 20/10/2025 | |||||||||