Land Economics II

At the end of this course, students should: 1. Know the institutional and socioeconomic frameworks that regulate and control the use and development of land; 2. Understand Land as an economic resource; 3. Become familiar with use of the economic principles to develop and manage land use; and 4. Manage any type of 'land' within an existing framework, towards achieving any organizational goals either in the private or public sectors.

Man’s dependence on land. Man/land relationships within physical, economic and institutional frameworks. Importance and nature of decision-making. Descriptive models of decision-making units (‘proprietary’ and ‘social’). Proprietary decisions: goals and motive; criteria for evaluation constraints; households and firms location decision. Development decision-making processes: landowners, developers, and planners. Finance for development; financial institutions. Cost/benefit analysis as an aid to land use decision-making. Relation between proprietary land units: superior, inferior relationships, neighbours, successors. Conflicts between proprietary and social interests; pollution – types of problems and approaches to control. Outline of selected aspects of land policies in Nigeria and elsewhere. Variety of policy frameworks within which land use decision are taken. Land policy and land reform. Land use planning machinery. Rural and agricultural policy. Analysis of land use decisions and problems of land use planning in Nigeria. 300 Level Estate Management