LAND ECONOMY TRIPOS

1. The Land Economy Tripos shall consist of three Parts: Part Ia, Part Ib, and Part II.

2. A student may be a candidate for honours in Part Ia if he or she has kept one term, provided that three complete terms have not passed after the student's first term of residence.

3. A student who has obtained honours in Part Ia or in another Honours Examination may be a candidate for honours in Part Ib in the year after so obtaining honours, provided that he or she has kept four terms and that nine complete terms have not passed after the student's first term of residence.61

4. A student who has obtained honours in Part Ib or in another Honours Examination may be a candidate for honours in Part II in the year after so obtaining honours, provided that he or she has kept seven terms and that twelve complete terms have not passed after the student's first term of residence.61

5. No student shall be a candidate for more than one Part, or for any Part and also for another Honours Examination, in the same term.

6. No student who has been a candidate for honours in any Part shall again be a candidate for honours in the same Part.

7. There shall be two separate bodies of Examiners, one for Part Ia, and one for Part Ib and Part II. In each case, the Board of Land Economy shall nominate such number of Examiners as they shall deem sufficient.

8. The Board of Land Economy shall have power to nominate one or more Assessors to assist the Examiners in any of the subjects of the Tripos. Each Assessor shall propose questions in the papers assigned to him or her by the Examiners, shall look over the answers of the candidates to those questions, and shall report thereon to the Examiners. An Assessor may be summoned to meetings of the Examiners for the purpose of consultation and advice, but shall not be entitled to vote.

9. Each body of Examiners shall elect one of their number to act as Chairman.

10. The questions proposed by each Examiner or Assessor shall be submitted to the whole body of Examiners for approval.

11. There shall be a separate class-list for each Part of the Tripos. In each list the names of those who obtain honours shall be arranged in three classes, of which the second shall be divided into two divisions. The names in the first and third classes, and in each division of the second class, shall be arranged in alphabetical order. For special excellence a mark of distinction may be awarded.

12. The papers for the Land Economy Tripos, which shall be divided into Groups I–V, shall be as follows:

Group I

Group II

Group III

Group IV

Group V

The subject of each paper shall be examined by means of a paper of three hours’ duration, except Paper 4, for which the paper shall be of two hours’ duration. Additionally, the examination for each of Papers 3, 4, 6, and 15 shall include submission of a report on a project undertaken by the candidate; the work to be undertaken for the project, and the arrangements for the submission of the report, shall be prescribed from time to time by the Board of Land Economy.

13. A candidate for honours in Part Ia shall offer all four papers from Group I.

14. A candidate for honours in Part Ib shall offer papers as follows:

1. (a)a candidate who has previously obtained honours in Part Ia of the Land Economy Tripos shall offer five papers chosen from Groups II–IV, which shall include at least one paper from each of Groups II and III;
2. (b)a candidate who has not previously obtained honours in Part Ia of the Land Economy Tripos shall offer:
3.  (i)Paper 3;
4.  (ii)one paper chosen from Group II;
5.  (iii)one paper chosen from Group III;
6.  (iv)two other papers chosen from Groups II–IV;

provided that

1. (1)a candidate who has been granted exemption under Regulation 15 shall not offer Paper 3 but shall instead offer a further paper chosen from Groups II–IV;
2. (2)a candidate who has previously offered Paper 11 of the Law Tripos shall not offer Paper 8 of the Land Economy Tripos;
3. (3)a candidate who has previously offered both Paper 4 and Paper 10 of the Law Tripos shall not offer Paper 9 of the Land Economy Tripos;
4. (4)a candidate who has previously offered all three of Papers 4, 10, and 11 of the Law Tripos shall offer a further paper chosen from Groups II and IV in place of the paper from Group III that he or she would otherwise be required to offer under sub-paragraph (iii) above.

15. The Board of Land Economy shall have power to grant exemption from the requirement to offer Paper 3 to any candidate for honours in Part Ib under Regulation 14(b) who satisfies the Board that he or she has passed an examination of an acceptable standard in statistics or quantitative methods. Application for such exemption shall be made in writing through the candidate's Tutor to the Secretary of the Board of Land Economy not later than the end of the second week of the Full Michaelmas Term preceding the examination; the candidate shall be notified of the Board's decision not later than the division of the Michaelmas Term.

16. Candidates for honours in Part II shall offer papers, or papers and a dissertation, as follows:

1. (a)A candidate who has previously obtained honours in Part Ib of the Land Economy Tripos shall offer
2.  (i)four papers chosen from Groups II–V, including at least two papers from Group V; provided that a candidate shall not offer any paper that he or she has previously offered in another Honours Examination, and provided also that a candidate shall not, without leave of the Board of Land Economy, offer Paper 15 unless that candidate has attained a satisfactory standard in Paper 6 in Part Ib;
3.  (ii)a dissertation, which shall be submitted in accordance with the requirements of Regulation 17.
4. (b)A candidate who has not previously obtained honours in Part Ib of the Land Economy Tripos shall offer
5.  (i)four papers chosen from Groups II–V, including at least one paper from each of Groups IV and V;
6.  (ii)a dissertation, which shall be submitted in accordance with the requirements of Regulation 17.

17. A dissertation offered under Regulation 16 shall be submitted in accordance with the following provisions:

1. (a)Not later than the last day of Full Lent Term in the year preceding the examination, the Board of Land Economy shall publish a list of subject areas for dissertations. Every dissertation shall be on a topic falling within the scope of one of these subject areas.
2. (b)Each candidate taking the examination under Regulation 16(a) shall submit an application to the Board of Land Economy, giving the title of the proposed dissertation, a brief account of its scope, and a statement of the scheme of papers to be offered in the examination. Applications shall be submitted to the Secretary of the Department of Land Economy so as to arrive not later than the division of the Michaelmas Term.
3. (c)Each candidate must obtain the approval of the proposed title by the Board not later than the last day of Full Michaelmas Term. When the Board have approved a title, no change may be made in it or in the candidate's scheme of papers without the further approval of the Board.
4. (d)During Full Lent Term, on a day or days specified by the Head of the Department of Land Economy, each candidate shall give a brief oral presentation of the subject matter of his or her dissertation to an audience consisting of staff and students of the Department and including Examiners. In assigning marks for the examination the Examiners shall take account of a candidate's oral presentation.
5. (e)A dissertation shall not exceed 10,000 words in length, including footnotes, tables, and appendices.62 Each candidate will be required to sign a declaration that the dissertation is his or her own work, unaided except as may be specified in the declaration, and that it does not contain material that has already been used to any substantial extent for a comparable purpose. Every dissertation shall be typewritten or computer-printed, unless the candidate has obtained permission from the Board to present it in manuscript.
6. (f)Dissertations shall be submitted so as to reach the Secretary of the Department not later than the seventh day of the Full Easter Term in which the examination is to be held. A candidate who submits a dissertation after this date may be penalized.

18. The Board of Land Economy shall have power to make supplementary regulations defining all or any of the subjects of examination, and to modify, alter, or withdraw such supplementary regulations as they see fit, due care being taken that sufficient notice is given of any change.

SUPPLEMENTARY REGULATIONS

Group I

Paper 1. Economics

An introduction to economic concepts and theory and to the economic environment in which the private sector, governments, and public organizations operate.

Paper 2. Public law

A study of constitutional and administrative law, including the European Union, Parliament, the Executive, next step agencies, quangos and other government agencies, local government, and judicial review.

Paper 3. Accounting and data evaluation

An introduction to principles of accounting and data evaluation for use in private business and public organizations.

The examination for this paper includes the submission of a report on a project (see below).

Paper 4. Land, environment, and structural change

Major economic, demographic, institutional, and technological changes and their impact upon the natural and built environments of the United Kingdom. The examination for this paper includes the submission of a report on a project (see below).

Group II

Paper 5. Environmental economics, law, and policy

Principles of environmental economics and law, environmental policy and policy analysis, urban and rural environmental management.

Paper 6. Fundamentals of finance and investment

An introduction to the analytical techniques for identifying risk/return opportunities in real estate and other financial markets, and the different types of funding/investment strategies available to real estate professionals.

The examination for this paper includes the submission of a report on a project (see below).

Paper 7. Regional economics

Theories relating to regional growth and the economic analysis of regional development and policies designed to influence patterns of growth and development. The term ‘region’ is defined broadly to include international trading blocs, nations, and regions within a particular country.

Group III

Paper 8. The law of real property: principles, policy, and economic implications

An introduction to land law in England and Wales, including estates, tenure, title, registration systems, mortgages, and other interests in land.

Paper 9. Private law

Principles of contract and tort, introduction to company law.

Group IV

Paper 10. The built environment

Elements of building design and construction and the impact of social, economic, legal, and technological factors on the built environment.

Paper 11. Land and urban economics

The economics of land markets and policies for public intervention in land markets, urban economics, the economics of housing and housing policy, and commercial property.

Paper 12. Law and economics

The relationship between the disciplines of law and economics, including economic theories and analysis of law, the part played by economic theory in legal reasoning, the role of law in allocating resources and in correcting market failures, and economic and legal theories of value and of compensation.

Group V

Paper 13. Landlord and tenant law

The land law of England and Wales of particular relevance to the relationship of landlord and tenant: common law of leases and of the rights and obligations of the parties to leases; the statutory regulation of residential, business, and agricultural tenancies; and homelessness.

Paper 14. Planning law and policy

The law, administration, practice, and theory of land use planning in Great Britain.

Paper 15. Advanced techniques in finance and investment for real estate

An introduction to advanced methods in the valuation and financing of real estate, mixed asset portfolio allocation, and risk management.

The examination for this paper includes the submission of a report on a project (see below).

Paper 16. Agriculture, forestry, and rural development

The development and current patterns of agriculture, forestry, and the rural sector generally in the United Kingdom and an analysis of policies directly related to rural development.

Paper 17. Land policy and development economics

The role of land, agriculture, and natural resources in the growth and development of low income countries and their relationships to richer countries.

Groups I, II, and V

Papers 3, 4, 6, and 15: project reports

The project to be undertaken for each of these papers shall be specified by the Board of Land Economy and announced not later than the division of the Lent Term. Candidates will be required to submit in typescript, by a date to be announced by the Board, an account of the project in the form of an extended essay. This account, which must be in English, should not exceed 4,000 words in length (including notes, but excluding appendices and bibliography).63 It should report the statistical and other sources and techniques used by the candidate as well as presenting the candidate's results and conclusions. Each candidate will be required to sign a declaration that the project and the report on it are his or her own work, unaided except as may be specified in the declaration, and that the report does not contain material that has already been used to any substantial extent for a comparable purpose; if two or more candidates have undertaken a project in collaboration, they will each be required to indicate the extent of their contribution.