Land is the most basic of all economic resources, central to the form that economic development takes.
Its use for agricultural purposes is integral to the production of the means of our subsistence.
Its use in urban context is crucial in shaping how effectively cities function and who gets the principal
benefits from urban economic growth. Its ownership is a major determinant of the degree of economic
inequality: surges of land prices, such as have occurred in some parts of the world cities during
the last decade, cause major redistributions of wealth. In both an urban and rural context the use of land
and the nature more generally, is central to the possibility of ecological sustainability. Contemporary
social concerns about problems of housing affordability and environmental quality necessarily focus
our attention on 'the land question'
As a single largest item in national wealth, land, everywhere, in all times, among all peoples,
have been the base of aristocracy, the foundation of great fortunes and the source of power.
DESCRIPTION OF LAND ECONOMY
Land economy is a branch of the economies field, which focuses on the use of land and the role
of land and buildings (Real Estate) in the economy. In land economy, you study law, economics,
land management, property, estate management and the environment. This combination has become
more common; however, the Malawi polytechnic is currently the only college under the
University of Malawi offering a specific land economy degree at undergraduate level.
There is no single path or rigid career track for students studying Land Economy.
It is a course for those who value the opportunities that a multidisciplinary degree
from the Malawi Polytechnic can bring. Our graduates go on to be property valuers or
surveyors, Property Managers or Estate Management officers in Government, Investment
analysts, Property development advisers. The degree programme produces graduates with
skills in valuation of all kinds of real properties, Property Management and Development,
Property Finance and Investment, Facilities Management, Property Law, and with Excellent understanding of property Markets.
There are a lot opportunities of further education after the programme at Masters and
doctorate levels in its various components. Land economy graduates can work in international
money markets and for environment protection agencies; for city town and local councils.
Currently the department of land Economy offers undergraduate Bachelor of Science degree in land Economy that runs for five years. There are
plans to introduce a four-year programme with the fifth year as Honours.
Apart from the above courses, the department also offers real estate market analysis, objective valuations and independent land and
property management advice to clients and investors.