The tools of microeconomics are applied to understand the theoretical and empirical topics in urban and regional economics. The course begins with a discussion about the different definitions of regions, followed by topics on location theory of firms, labor markets, and household migration decisions. The second part of the course focuses on the urban sector of the economy exploring urban growth, land-use patterns, and externalities associated with urban areas. The final section of the course includes a discussion on regional economic policies and its implications on economic growth.
Prerequisites: ECON 101 and 102.