Lecture and seminar
The course includes:
- Historical and current characteristics of city size and problems.
- Market forces in the existence and development of cities and urban areas.
- Model building: (equilibrium and dynamics)
- Urban land rent, housing prices, and neighborhood choice.
- Land use regulation, zoning, and growth.
- Transportation externalities: congestion, noise, pollution.
- Mass transit and urban infrastructure requirements.
- Urban problems: crime, poverty, pollution.
- Public policy toward housing and provision of public goods
- Role of local government. (revenues, spending, regulation.)
At the end of the course, the student will be able to:
- Identify the economic forces and principles which explain why cities exist.
- Define the location orientations of firms. (ie. Clustering, economies of scale, etc)
- Explain how land and housing markets function and how rents are determined.
- Describe location equilibriums and analyze how they can change.
- Understand and analyze how land and housing markets function, and how land use regulation affects these markets.
- Identify and critique the different forms of land use regulation used in the Canada.
- Explain the economic consequences of different approaches to regulating urban land use (employment, spatial distribution, sprawl, etc)
- Identify reasons for poverty and crime concentration in urban areas.
- Identify different low-income housing assistance policies used in Canada, and evaluate the effects of different housing policies (subsidies, incentives, and government-provided housing).
- Evaluate urban environmental and transportation problems.
|Mid-term examination(s)||25% - 30%|
|Essay, Project||0% - 30%|
|Assignments (group and individual)||0% - 15%|
|Final Examination||30% - 40%|
Textbooks and Materials to be Purchased by Students
One of (instructor’s choice)
O’Sullivan. A. (latest Ed.) Urban Economics. McGraw-Hill.
Or text approved by the Economics department.
In addition, there will be readings assigned by instructor.