ECON 383 Fall 2012 Cities, Regions and the Economy

Cities and urbanization can have significant impacts on the economy. In many developed economies, a process of regional decline is associated with older, industrial cities. In developing countries, the process of economic growth is generally associated with increasing urbanization. Urbanization, with its increasing concentration of population and production, puts particular pressure on markets to allocate resources for provision of land, housing, transportation, labor and public goods. Urbanization can alter the productivity of land, labor, and capital in ways that can improve the welfare of residents and the performance of the broader economy. In this course we will examine these conflicting economic forces and examine some recent research that contributes to our understanding of the difference between regional growth and decline, and the role that the urban structure plays in these processes. We will examine the function of land, housing, transportation, and labor markets in the urban context, and the scope for public policies to improve the performance of the regional economy.
Class Format: lecture/discussion
Requirements/Evaluation: two midterms and a research paper
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Prerequisites: Economics 251
Enrollment Preference: seniors and juniors
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Divisional Attributes: Division II
Other Attributes: AMST Space and Place Electives, INST - Urbanizing World Electives,POEC U.S. Political Economy + Public Policy Course
Enrollment Limit: 25
Expected Enrollment: 25
Class Number: 1505
ECON383-01(F) LEC Cities, Regions & the Economy Division 2: Social Studies Stephen C. Sheppard
TF 1:10 PM-2:25 PM Schapiro Hall 141 1505
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