Place Economics

Course Reference No: TGS-2022011434

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$686.70

Incl. GST

Singapore Citizens
(40 yrs or older)

S$266.70

Incl. GST

Enhanced Training Support for SMEs

S$266.70

Incl. GST


Fees & Fundings

International
Participant		 Singapore Citizen1
39 years old or younger		 Singapore Citizen1
40 years or older eligible for MCES2		 Singapore PRs Enhanced Training
Support for SMEs3
Full Programme Fee S$2,100.00 S$2,100.00 S$2,100.00 S$2,100.00 S$2,100.00
SSG Funding
(Refer to Funding Page for Claim Period)		 - (S$1,470.00) (S$1,470.00) (S$1,470.00)  (S$1,470.00)
Nett Programme Fee S$2,100.00 S$630.00 S$630.00 S$630.00 S$630.00
9% GST on Nett
Programme Fee		 S$189.00 S$56.70 S$56.70 S$56.70 S$56.70
Total Nett Programme
Fee Payable, Incl. GST		 S$2,289.00 S$686.70 S$686.70  S$686.70 S$686.70
Less Additional Funding if Eligible Under Various Scheme - - (S$420.00) - (S$420.00)
Total Nett Programme Fee, Incl. GST,
after additional funding from the various funding schemes		 S$2,289.00 S$686.70 S$266.70 S$680.40
S$266.70

Singapore Citizens or Singapore PRs must pass all assessment components to be eligible for SSG funding.

1. All self-sponsored Singaporeans aged 25 and above can use their $500 SkillsFuture Credit to pay for the programme. Visit https://www.myskillsfuture.gov.sg/content/portal/en/training-exchange/course-landing.html to select the programme. 

2. Mid-Career Enhanced Subsidy (MCES) - Singaporeans aged 40 and above may enjoy subsidies up to 90% of the programme fee. 

3. Enhanced Training Support for SMEs (ETSS) - SME-sponsored employees (Singaporean Citizens and PRs) may enjoy subsidies up to 90% of the programme fee. https://www.skillsfuture.gov.sg/initiatives/employers/enhanced-training-support-for-smes for more information.

4. Eligible organisations may claim absentee payroll funding for Singaporean Citizens or Singapore Permanent Residents attending SSG-approved courses during working hours. The absentee payroll funding is capped at $4.50 per hour and at $100,000 per enterprise per calendar year.

5. Trainees under the Workfare Skills Support scheme may be eligible for absentee payroll funding of up to 95% hourly basis salary, capped at $13 per hour.

6. Companies eligible for absentee payroll will be required to log into the Enterprise Portal for Jobs and Skills (EPJS) to process the claims.

7. NTUC Enhanced Union Training Assistance Programme (UTAP) - NTUC members enjoy 50% of the unfunded course fee support of up to $250 each year for courses supported under UTAP (Union Training Assistance Programme).

SPEAK TO US

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

 
01 July 2025