Urban Economics and Real Estate Markets

Paperback | August 22, 1995

byDenise DiPasquale, William C. Wheaton

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This up-to-date, highly-accessible book presents a unique combination of both economic theory and real estate applications, providing readers with the tools and techniques needed to understand the operation of urban real estate markets. It examines residential and non-residential real estate markets—from the perspectives of both macro- and micro-economics—as well as the role of government in real estate markets.

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From Our Editors

In today's world, real estate professionals, financial institutions, local planners, and government officials increasingly realize that a broad understanding of the economic forces affecting cities and urban development is crucial to making wise decisions. Our goal for this book is to contribute to that understanding and provide studen...

From the Publisher

This up-to-date, highly-accessible book presents a unique combination of both economic theory and real estate applications, providing readers with the tools and techniques needed to understand the operation of urban real estate markets. It examines residential and non-residential real estate markets—from the perspectives of b...

From the Jacket

In today's world, real estate professionals, financial institutions, local planners, and government officials increasingly realize that a broad understanding of the economic forces affecting cities and urban development is crucial to making wise decisions. Our goal for this book is to contribute to that understanding and provide studen...

Format:PaperbackDimensions:378 pages, 9.1 × 6.9 × 1 inPublished:August 22, 1995Publisher:Pearson Education

The following ISBNs are associated with this title:

ISBN - 10:0132252449

ISBN - 13:9780132252447

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FOCUS OF THIS TEXT: THE STUDENT AND THE INSTRUCTOR The principal objective of Animal Science and Industry is to make the introduction to animal science an enjoyable and rewarding experience for the student—one that provides a sound foundation for further learning and stimulates the student's interest in pursuing additional courses and experiences in animal sciences. This seventh edition of Animal Science and Industry also has two principal goals: To provide students who are not majoring in animal science and those with nonfarm backgrounds appropriate information to understand animal agriculture and its role in our society and economy This is a challenging goal that cannot be accomplished by use of this text alone but requires special efforts from both instructor and student. The instructor can help assure student success with well-prepared lectures, assignment of appropriate reading from the text to support lecture material, providing well-structured and organized laboratory sessions where possible, and offering timely help sessions. The student should make every effort to attend each class session, to develop an organized set of notes and supplement them with specific subject matter from the text, and to become acquainted with upcoming lecture topics by reading ahead in the text. With effort from both student and instructor, every student should be able to successfully progress through the introductory course. Then, both instructor and student will be rewarded. To provide students majoring in animal science—as well as those in preprofessional science programs—material, principles, and concepts that will better prepare them for more specialized and advanced courses. The authors greatly appreciate the role of the instructor in teaching an introductory course in animal science to students of diverse backgrounds and interests. We hope instructors will find the material in the text to be of sufficient depth and breadth and to be presented in a manner that is easy to read and understand. We have provided both basic principles of animal sciences and realistic examples of their application to efficient animal care and production in an attempt to make instruction easier and more exciting. This revised edition places emphasis upon the principles of animal science and their relationship to livestock and poultry production. Comprehensive information and discussion focuses on: (1) biological principles of animal function and management; (2) characteristics of the different animal species production systems; (3) production of high-quality animal products—meat, milk, eggs, wool—and the use of the horse for work and pleasure; and (4) systems and concepts in marketing animals and the processing of their products. Most animal science instructors have found that learning in introductory courses is more effective and the principles presented are more usable when there is a comparative basis for learning. Therefore, this book was developed to provide an integrated and comparative presentation of the scientific principles that apply to most species involved in animal agriculture, and to describe major differences among species. Animal Science and Industry, sixth edition, continues to present material in considerable scientific depth in the major disciplines of animal science, and provides coverage and updating of a broad number of topics. Research and technology have led to significant advances in animal production practices, marketing, and merchandising of products. Discussion of the more pertinent of these advances has been incorporated into selected chapters. Throughout the revision of this text, the needs of the student has been our highest priority. The authors recognize the diverse backgrounds of students enrolled in most introductory animal science courses. Animal Science and Industry does not assume extensive acquaintance with all domesticated species or their enterprises. Therefore, it provides appropriate descriptions and vocabulary in current usage in the animal industry. This edition also contains new and challenging material for the student with a strong animal production background. Every effort has been made in this seventh edition to improve upon the strengths of earlier editions. Some of those acquainted with previous editions have expressed appreciation for the larger page size in the previous edition and this feature is continued in this seventh edition. This change provides for more pleasing organization and appearance of illustrations. This textbook resolves a problem that often confronts the instructor during the initial portion of the course as it provides an early overview of the breadth of animal science and related industries. With this approach, later discussions relating to the principles of animal science will be better appreciated and understood. Each of the major animal enterprises is briefly described in a new section of Chapter 1 so that initial coverage of specific species in separate chapters is not required. Also added to the introductory chapter is the topic of companion animals. The role of companion animals in animal science is rapidly developing, providing students an alternative animal to study and careers beyond traditional agriculture. These animals are a significant part of human society and the economy, Chapter 37 has been devoted to this new topic. LEARNING AIDS To help students focus on important concepts and terminology, several learning aids have been incorporated into this seventh edition. These include: Chapter Introduction. Each chapter begins with a brief introduction and overview of the chapter topic. Also provided is a list of objectives the reader should be able to accomplish—define, describe, explain—upon completion of that chapter. Review Questions. In order to emphasize important material and review of concepts and facts within each chapter, questions for study and discussion are provided at the end of each chapter. These questions are designed to encourage students to think independently, and to reinforce and retain information they have studied and encountered in lecture and laboratory sessions. Those who wish to check further their knowledge of the subject matter will find the CD packaged with this text an invaluable aid. It contains more than 1600 additional review questions (with answers), 45 for each chapter of the text. Margin Glossary. This feature has been included to place further emphasis and understanding on important terms and their definitions contained in the nearby text. The student only needs to refer to the Text Glossary in Appendix C for further description and terms not found in the margins. Vocabulary. Important new terms within each chapter are italicized and also presented in the Glossary (Appendix C) at the end of the book. Color Insert and Endpaper Tables. Review of the descriptive color plate and inside cover information enables the student to become acquainted with the various animal enterprises and their characteristics, as well as with common terminology. More effective instruction can then proceed into discussion of the major disciplines of animal science. Information Boxes. Also continued in this sixth edition are information boxes in numerous chapters. These boxes enhance the student's appreciation and understanding of topics related to the material covered in the chapters. They also are provided to increase the student's interest in particular areas of animal science. Other Aids. Several chapters refer to additional information found in Appendix A that provides sketches of market grades of livestock and Appendix B that provides illustrations of animals, their external parts and related terms. Throughout the text, brief footnotes provide clarification and additional Information. SEQUENCE OF TOPICS Many options are available to the instructor because of the organization and content of this text. Each chapter can be presented independently. The Instructor's Manual provides supporting materials such as topic overviews, additional materials. and questions for quizzes and examinations. The first two chapters introduce the reader to animal agriculture and the animal industry. Several chapters on nutrition follow: nutrients, ruminant and nonruminant digestion, and appropriate feeds and feeding of common species. These are areas in which most students who have managed animals for food and pleasure want to become more proficient. Following the chapters on nutrition are chapters related to animal comfort, responsiveness, and performance; animal growth; the feeding enterprise; and animal environment, health, and behavior. Equally important to success in breeding and management of herds and flocks are the topics of reproduction and lactation (Chapter 11-16). Emphasis is placed upon the structures and normal function of the male and female reproductive systems and the need for synchronization of events for successful fertilization, pregnancy, and parturition. The topic of lactation follows logically: An understanding of the mammary system of all farm mammals, milk synthesis, and milk let-down is a prerequisite to achievement of desired quantity and quality of milk for thrifty, growing offspring, or for sale for human consumption. Chapters 17 through 20—on genetics, genetic improvement, animal evaluation, and mating systems—enable the student to learn and easily understand the basic principles. Chapter 21 introduces the student to the more popular breeds and their historical, current, and future roles in animal improvement. We hope it will instill appreciation for breeds as sources of DNA needed for competitive production of consumer-desired animal products in the twenty-first century. Few animal science students are acquainted with the marketing of animals and their products. Therefore, Chapters 22 through 26 provide wealth of information on marketing terminology and procedures, humane handling and slaughtering, and important aspects of meat processing and merchandising. Application of the basic principles of animal science is emphasized in the chapters discussing animal production and management (Chapters 27-36). Chapter 37 emphasizes the broad world of companion animals. These topics include an overview of the industry of specific species and current practices, including recent technological developments and recommendations to improve efficiency of production. The authors greatly appreciate the ability and desire of college and university instructors to implement the most efficient structure in their introductory course. This text permits flexibility. For example, an instructor may prefer to teach a section on animal products or species production systems earlier in the course, prior to the more in-depth study of animal genetics, reproductive and environmental physiology; nutrition, and behavior. This edition is arranged so that chapters or specific sections can be easily referenced by both instructor and student.

Table of Contents

I. INTRODUCTION TO REAL ESTATE MARKETS.

 1. The Property and Capital Markets.

 2. The Operation of Property Markets: A Micro and Macro Approach.

II. MICROECONOMIC ANALYSIS OF PROPERTY MARKETS.

Residential Real Estate.

 3. The Urban Land Market: Rents and Prices. 4. The Urban Housing Market: Structural Attributes and Density.
Non-Residential Property Markets.

 5. Firm Site Selection, Employment Decentralization and Multi-Centered Cities. 6. Retail Location and Market Competition.

III. MACROECONOMIC ANALYSIS OF PROPERTY MARKETS.

 7. Economic Growth and Metropolitan Real Estate Markets.

Residential Real Estate.

 8. The Market for Housing Units: Households, Prices, and Financing. 9. The Market for Housing Services: Moving, Sales and Vacancy.10. The Cyclical Behavior of Metropolitan Housing Markets.
Nonresidential Property Markets.

11. The Operation of Non-Residential Property Markets.12. Econometric Analysis of Metropolitan Office and Industrial Markets.

IV. THE IMPACT OF LOCAL GOVERNMENTS ON REAL ESTATE MARKETS.

13. Local Governments, Property Taxes and Real Estate Markets.

14. Public Goods, Externalities and Development Regulation.

Index.

From Our Editors

In today's world, real estate professionals, financial institutions, local planners, and government officials increasingly realize that a broad understanding of the economic forces affecting cities and urban development is crucial to making wise decisions. Our goal for this book is to contribute to that understanding and provide students with the tools and perspective required to operate effectively, in either the private or public sectors, to promote a better built environment. Our intent is to provide students with both a theoretical perspective as well as the tools and basic facts they need to analyze urban markets.