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ECO 6970 URBAN ECONOMICS Sogang University Spring 2020 Kyung-Hwan Kim Lecture: T Th 10:30~11:45 Office Hours: M 1-3 pm, T Th 3-5 pm or by appointment Office: GN 705 Telephone: 705-8501 E-mail: [email protected] COURSE DESCRIPTION Modern economic activities are heavily concentrated in urban areas or cities. Urbanization is accompanied by economic development, as cities serve as engines of economic growth. But urbanization has a dark side as well since problems of poverty, crime, pollution and traffic jams are most obvious in the cities. This course provides the economic framework for understanding the forces behind urbanization, spatial organization of economic activities, and the functioning of key sectors of the urban economy, especially housing and land markets, transportation and urban public finance. Theoretical and empirical analyses, and selected policy issues will be covered. The linkages between real estate and the macroeconomy will also be discussed. There is no single textbook for the course, but Brueckner (2011) will be an excellent source book. O’Sullivan (201 2) provide a less technical overview. Lectures will draw on key papers marked with * on the relevant subject Most of the required readings will be made available in electronic files. Papers on Korea will be introduced as we proceed. The course grade will be based on a final exam (50%), a project report on a city of stud ent’s choice or a term paper (30%), a short presentation of an article (10%), and class participation (10%). The details of course requirements will be discussed in class.