PAdm 688: Urban Economics

3 Credit Hours

Prerequisites:

  • Economics 201Q: Principles of Macroeconomics
  • Economics 202Q: Principles of Microeconomics
  • Junior Standing
  • Economics 800: Analysis of Economic Theory
  • Or Public Administration 765: Public Sector Economics

Course Objectives:

  • Understanding the relationship between market forces and the development of cities and regions
  • Understanding the implications of central place theory for cities and regions
  • Understanding the relationship between basic and non-basic sector of the local economy
  • Understanding the use of location quotient analysis and shift-share analysis
  • Understanding the implications of bid-rent theory for land use patterns in cities and regions

Course Description:
A survey of the economic structure and problems of urban areas on both the microeconomic and macroeconomic levels. Stresses the application of regional economic analysis in the study of urban areas as economic regions.

Major Topics Covered:

  • Introduction and Axioms of Urban Economics
  • Understanding the Local Economy
  • Tools of Microeconomics
  • Market Forces in the Development of Cities
  • Land Rent and Urban Land Use Patterns
  • Local Economic Growth and Development
  • Urban Issues