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.


Degree or Advanced Diploma in any discipline.

Mode of Training



The Board of Architects (BOA) – Singapore Institute of Architects (SIA) is an accredited provider for Professional Development in Placemaking for SIA members. 

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


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.


  • 23 to 24 Nov 2023
  • 21 to 22 Nov 2024


2 Days
9.00am to 5.30pm


National University of Singapore
University Town

International Participants


Incl. GST

Singapore Citizens
(39 yrs old or younger) 


Singapore PRs


Incl. GST

Singapore Citizens
(40 yrs or older)


Incl. GST

Enhanced Training Support for SMEs


Incl. GST

Sign Up Now

A guide to our online registration portal can be found here.

Fees & Fundings

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
8% GST on Nett
Programme Fee
S$168.00 S$50.40 S$50.40 S$50.40 S$50.40
Total Nett Programme
Fee Payable, Incl. GST
S$2,268.00 S$680.40 S$680.40  S$680.40  S$680.40 
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$2,268.00 S$680.40  S$260.40 S$680.40

Singapore Citizens or Singapore PRs eligible for the SSG grant must attain at least 75% training attendance and passed all prescribed assessments.

  1. All self-sponsored Singaporeans aged 25 and above can use their $500 SkillsFuture Credit to pay for the programme. Visit 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. Click Here for more information. 
  4. Eligible organisations (excluding government entities) may apply for the absentee payroll funding for Singaporean/permanent resident participants attending the programme during working hours. The absentee payroll funding is computed at 80% of hourly basic salary capped at $4.50 per hour or $7.50 per hour for SME. For more information, visit Enterprise Portal for Jobs & Skills
  5. Eligible individuals may apply for training allowance capped at $6/hr under the WSS scheme, visit- WSG for more information..
  6. NTUC Training Fund (SEPs) – All self-employed (i.e. freelancers and sole-proprietors-with-no-employee) Singaporeans and Permanent Residents are eligible to apply for the NTUC Training Fund (SEPs) from NTUC’s Employment and Employability Institute (e2i). Click here for more information.

Sign Up Now

A guide to our online registration portal can be found here. Alternatively, register your interest with us!

For more information and to register for the upcoming programme run please contact:                                                                                                                                        

18 April 2023