What is the meaning of urban economics?

Urban economics is a sub-field of economics that refers to the economic analysis of cities, and touches on a broad range of topics, such as housing, transportation, land use, the cost and benefit of cities and urbanization, or the provision of local public goods like education.

What is the main focus of urban economics?

Urban economics tends to focus on issues such as: How macro-economic forces play out locally, the importance of integrated land use, urban infrastructure and transportation, housing policy, urban problems such as congestion, and local government’s important contribution to economic development.

What do you study in urban economics?

The Urban Economics Working Group studies the economics of cities and the many policies and factors that determine city structure and performance, such as land use restrictions, local labor markets, agglomeration economies, trade, and transportation infrastructure.

What is the economic definition of land?

Land, In economics, the resource that encompasses the natural resources used in production. Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

What are the courses in urban land economics?

Students begin with core courses that establish a broad foundation in the principles underlying real property markets. The program advances to focus on specialized professional and applied topics. The courses include a set of printed materials plus online resources.

How long is the Dule in urban land economics?

The DULE requires 11 courses, each of which are approximately 13 weeks in length. Students begin with core courses that establish a broad foundation in the principles underlying real property markets. The program advances to focus on specialized professional and applied topics.

Which is the best description of urban economics?

More specifically, it is a branch of microeconomics that studies urban spatial structure and the location of households and firms (Quigley 2008). Much urban economic analysis relies on a particular model of urban spatial structure, the monocentric city model pioneered in the 1960s by William Alonso, Richard Muth, and Edwin Mills.

How does urban policy relate to urban problems?

Urban problems and public policy tie into urban economics as the theme relates urban problems, such as poverty or crime, to economics by seeking to answer questions with economic guidance.