This course presents students with the fundamental concepts and tools of economic theory needed to form a critical analysis of the factors that influence land prices in both formal and informal markets. Students will examine the origins of land prices along with the foundations of urban economics in order to better analyze the effects that the regulation of real-estate markets has on land prices.

Planners in industrialized countries have developed and disseminated a set of prescriptions to address informality. These prescriptions have been embraced by multilateral agencies and turned into public policies in Latin America. The objectives of this course are to present the basic features of the approaches underpinning current policies toward the informal city in Latin America and to explain their origins, central ideas and basic premises, emphasizing issues related to land policies. Specific requirements: The course is aimed at professionals who have participated or are participating in the implementation of policies against informal cities.