Place Economics

Course Reference No: TGS-2025057147

This course is part of the Professional Development in Placemaking. Click here to find out more about the Professional Development in Placemaking.

Course Objectives

This course introduces participants to the economic forces that enable urban spaces to successfully facilitate production and consumption. Through theories and case studies, participants will learn how placemaking can enable economic activity, but also how negative forces (also known as externalities) can threaten the vitality of urban spaces. 

The course also discusses solutions that to ensure that placemaking maximize economic benefits while mitigating costs. Participants will be exposed to economic trade-offs in placemaking that must be carefully weighed. 

At the end of the course, participants will gain:

  • Conceptual understanding of the economic functions of urban spaces and the negative externalities that threaten these functions.
  • Practical knowledge on how economic functions have benefitted or been harmed by good and bad placemaking. 
  • Ideas and tools to placemake in a way that maximizes the economic functions of space.  

Who Should Attend

Placemaking agents, place management professionals.

Pre-Requisites

Degree or Advanced Diploma in any discipline.

Mode of Training

Total of 14 contact hours on-campus.

CONTINUING PROFESSIONAL DEVELOPMENT (CPD) POINTS

Upon successful course completion, participants are eligible for CPD points from the following accredited providers:

CPD Provider  CPD Accreditation Points 

Board of Architects (BOA) – Singapore Institute of Architects (SIA) CPD Programme

 
2

Singapore Institute of Landscape Architects (SILA) 
Accreditation Programme


8
 
Professional Engineers Board (PEB) CPD programme

 
14


Participants are required to meet the terms and conditions in order to qualify for the CPD points.

Speaker

Dr Timothy Wong

Dr Timothy Wong is a Senior Lecturer at the Department of Economics, College of Humanities and Sciences at NUS. Dr Wong’s research interests are in econometrics, transportation economics and empirical industrial organisation, with particular focus on demand for transport. He has researched models used to estimate households’ values of vehicle fuel efficiency. He has also estimated willingness to pay for various aspects of public transport and welfare effects from public transport subsidies. He teaches urban economics, industrial organisation and microeconomic analysis at NUS. Dr Wong holds a PhD in Economics from the University of California, Irvine. He was awarded the NUS FASS Teaching Excellence Award in the years 2016-2017, 2017-2018, and 2020-2021.

DATE

To be advised 

DURATION

2 Days
9.00am to 5.30pm
(Daily)

VENUE

National University of Singapore
University Town

International Participants

S$2,289.00

Incl. GST

Singapore Citizens
(39 yrs old or younger) 

or 

Singapore PRs

S$1,144.50

Incl. GST

Singapore Citizens
(40 yrs or older)

S$686.70

Incl. GST

Enhanced Training Support for SMEs

S$686.70

Incl. GST

SPEAK TO US

For more information please contact:
placemaking@nus.edu.sg                                                                                                                                        

 
10 December 2025