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ECON 660 Urban and Regional Economics (3 Credits)

This course is concerned about the distance, location and space in economics. This course aims to provide students with an advanced introduction into the broad range of literature pertaining to regional and urban economics. This literature has en enduring tradition, both empirically and theoretically. The course has a basic theme in which space and distance are determinants in the outcomes of economic processes. Critical issues in regional and urban economics encompass location decision, possible rationale for clustering of economic activity, spatial patterns of regional economic governance and divergence, the role of geographic elements in explaining economic growth performance of regions, the effect of spatial externalities of knowledge production, and the role that transaction costs play in molding patterns of global trade and foreign direct investments.

Learning Outcomes:

  • Analyze the economic forces that for spatial structures of urban areas and the urban system.
  • Describe the long term economic trends in industrial and commercial locations.
  • Interpret disparities in the economic prosperity of regions.
  • Outline the alternative economic explanations of various levels of regional development and growth.
  • Analyze theoretical concepts and theories pertaining to urbanization, agglomeration economies and regional economics.
  • Apply knowledge for investigating problems in the field of urban and regional economics such as transportation, land use and property market.
  • Understand and apply statistical data to relevant urban and regional scenarios.