This subject introduces students to the application of economic principles and frameworks in the formulation and interpretation of urban planning and policy. The importance of rigorous analysis in the context of policy formulation and interpretation is emphasised. The subject begins with an introduction to the microeconomic principles for guiding policy options. It then explores in detail specific applications from housing, infrastructure provision, and environmental valuation. The subject takes a case study approach and students apply their learning through discussion, hands-on exercise, quiz, and examination.