The tools of microeconomics are applied to the urban sector of the economy. The course begins with an analysis of why and where cities have developed. The second part of the course explores the internal structure of urban areas, market failures in cities, and public policies for remediation. Some of the topics discussed include location theory, urban growth and development, income and poverty, local public goods, housing problems and policies, and transportation systems.
Prerequisites: ECON 170 or permission of instructor.