New Economic Thinking and Real Estate

New Economic Thinking and Real Estate offers a modern and distinctive approach to forecasting and understanding property markets. With this book, students will develop an intuitive ability to interpret economic indicators and acquire the confidence to assess property markets. The book is divided into three parts: Part A: Resource choices - deals with microeconomics; Part B: Financial Systems - seeks to make sense of the macroeconomic scene and Part C: Measuring and Forecasting.

Keywords: resources (or factors of production); investment; wealth distribution; problems of inequality; history of economic thought; yields; viability; identifying the value of land; property development; socially responsible investment; property characteristics; price signals; Marshallian cross; inelasticity; government intervention; stamp duty; building stock; behavioural economics, the flow of funds model; monetary economy; GDP (Gross Domestic Product); economic sectors; OECD debt; general equilibrium, investment and retail banking (High Street banks); shadow banking; credit creation (bank deposit – money – multiplier); derivatives; real estate funding; monetary policy; macroeconomic policy; interest rate manoeuvres; prudential control; central banks (Bank of England, Fed, European Central Bank –, ECB); investment and retail banking (high street banks); shadow banking; traditional banking; credit creation (bank deposit – money – multiplier); derivatives; Minsky moment; housing bubble; high-frequency trading; systemically important financial institutions (SIFIs); macroeconomic targets (economic growth, price stability, full employment, positive trade balance and an equitable distribution of income) central government; fiscal policy; austerity economics; ageing population; measuring macroeconomic targets (economic growth, price stability, full employment, positive trade balance and an equitable distribution of income); measuring business fluctuations; forecasting the economy, Urban, Rural & Regional Economics, General & Introductory Economics, Urban, Rural & Regional Economics, General & Introductory Economics