Environment, law, economics; Land Economy is concerned with the application of economics and law to the management of land, property and the environment in both the private and the public sectors. The aim is to analyse how resources are allocated in the private sector, what implications this has for society and why and how governments intervene.
The subject addresses a wide range of issues from an applied multidisciplinary perspective: from financial analysis to housing economics; from forestry to real estate investment; from business law to environmental policy. The emphasis of the course tends to be on developed countries, primarily on the UK within an European context, although one option focuses particularly on less developed countries.
Graduates from Land Economy do well in the labour market, even compared with other Cambridge graduates. The diversity of the skills acquired during the course and the wide range of disciplines taught makes graduates of Land Economy very marketable. The course gives exemption from the written examination of the Royal Institution of Chartered Surveyors and about a third of graduates go into surveying, typically to the larger London firms of commercial surveyors. Some graduates in Land Economy move on to careers in banking, finance and consultancy, others go on to law, town and country planning, accountancy or research.