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Law, economics, and their relationship to the built and natural environments are central to Land Economy, along with other areas such as business regulation, the financial aspects of real estate and international development. The multidisciplinary nature of the course is particularly relevant in the twenty-first century where the environment, law and economics and the control of scarce resources affect the daily lives of people around the world.
Students reading Land Economy at the University of Cambridge must apply to a college of the University of Cambridge in order to be considered for admission (as with any other degree program at Cambridge). Specific A-Level subjects are not required, although many successful applicants have studied Mathematics, Economics and Geography in the past. The standard A-Level offer is A*AA, although some colleges make offers of A*A*AA. Similarly, IB offers tend to be around 42 points, with a 7, 7, 6 in the applicants' Higher Level Subjects.
In the first year (Part IA), students study courses in public and administrative Law, Macroeconomics, Microeconomics, Welfare economics, Legal Methodology, Statistics and Econometrics, Sustainability and Development. The first year allows students to explore the breadth of the course and choose what interests them most for further specialisation.
In the second year (Part IB), students select papers of interest, including further courses from Environmental Law and Economics, Corporate Finance, Land and Urban Economics, Land Law, Contract Law, Tort Law and Regional Economics and Policy.
In the third year (Part II), students go into more breadth and depth, choosing more modules and submitting a dissertation. These tend to be in areas such as Law and Economics, Landlord and Tenant Law, law, Real Estate Finance, Planning Policy and Practice, Food and Agriculture and Ecosystem Services and Land Policy and Development Economcs.
The degree offers exemption from the professional examinations of the Royal Institution of Chartered Surveyors (RICS) and, depending on which papers students choose, also offers partial exemption from the Common Professional Examination law conversion course.
The Department of Land Economy has one of the strongest records for graduate employment across the University (employment rate near 100%), undoubtedly a reflection of its strong practical base and emphasis on the development of critical employment skills.
Many Land Economy graduates enter the workforce as economists, commercial lawyers, consultants, property professionals, or as advisers for national and international organisations.
Current universities offering the degree