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Semester 1

The Economics of Cities and Regions (ECNM10086)

Subject

Economics

College

CAHSS

Credits

20

Normal Year Taken

4

Delivery Session Year

2023/2024

Pre-requisites

Visiting students must have completed the equivalent of at least 4 semester-long Economics courses at grade B or above for entry to this course. This MUST INCLUDE courses in: Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); Probability & Statistics; and Introductory Econometrics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required at grade B or above. Please see Additional Restrictions below.

Course Summary

This course introduces some key concepts and major issues of urban and regional economics for students with a knowledge of economic and econometric analysis at the undergraduate level. It emphasizes the role of market forces in the development of cities.

Course Description

Recent advances and empirical evidence in the subject will be used to cover the following topics: Market forces in the development of cities: spatial equilibrium, agglomeration and congestion forces, transportation costs; Land rents and land-use patterns (urban land rents, land use patterns, neighbourhood choice, zoning and growth controls); Urban Transportation; Housing; Urban distress; Cities and public policy. The course is taught through a programme of lectures and tutorials. Both group work and an independent project will be important ingredients of the course.

Assessment Information

Written Exam 70%, Coursework 30%, Practical Exam 0%

Additional Restrictions

It is not suitable for students to take this course alongside Economics 2 (ECNM08006).

view the timetable and further details for this course