The Economics of Cities and Regions (ECNM10086)
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Visiting students must have an 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 and 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. Students enrolling on this course are also strongly encouraged to take Essentials of Econometrics (ECNM10052), provided they meet the pre-requisites for that course.
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.
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.
Written Exam 70%, Coursework 30%, Practical Exam 0%
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