Real Estate/Economics/Urban and Regional Planning 420:
URBAN AND REGIONAL ECONOMICS
Mondays and Tuesdays 1:00-2:00pm, by chance or by appointment.
Monday/Wednesday, 9:30 – 10:45, Room 1295
Arthur O’Sullivan, Urban Economics
Edition, McGraw-Hill / Irwin
5284 Grainger Hall
Office Hours: Wednesday 1:30-2:30 pm, by appointment.
Date of this draft:
August 22, 2009 (Updated information posted on the course website prevails.)
Urban economics is the study of cities, of the economic activities therein, and of the
determinants of those activities. To an economist, urban economics is characterized by the
introduction of space and location to microeconomics.
The objective of the course is to develop an understanding of how cities work, in the whole and
their main markets, with a focus on spatial issues. At the end of the course you should have an
improved understanding of the role of space and location in economics, and be equipped for
further study, either as an academic or a practitioner. For the real estate practitioner, you
should gain an understanding of the tools and techniques for applying economic concepts in
analyzing urban markets.
This course is aimed at undergraduates, and interested
Prerequisite: Economics 101. Masters students in the real estate program must take Real Estate
720, not this course. Graduate students in other programs, such as Urban and Regional
Planning, Geography and Development Studies, may take this course, subject to approval of your
There will be three equally weighted exams, each worth 30% of the grade. The remaining 10%
of your grade will come from Attendance. You will get zero for attendance if you miss more than
ten classes. The dates for the first two are given below. The third exam takes place in the final
exam slot for this course. All exams are based only on material covered since the previous exam.
all students have the option of taking a comprehensive final exam in place of this
. If this option is chosen, it will be worth 60% of your course grade and I will throw