Regional Economics and Policy
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 2
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
Knowledge - By completing the course the student will understand the economic principles behind the growth and development of regions and the possibilities of public policy to influence these processes. The graduate will have an overview of basic data sources for individual economic analyzes.
Skills - Will gain practical skills in localization analysis, analysis of spatial concentration of economic activities, analysis of the industrial structure of regions, analysis of the multiplication process of exports and analysis of the process of regional convergence. He will acquire these skills either by working with empirical data or by working with stylized examples.
Competences - Using the acquired knowledge and skills will be able to identify appropriate economic tools to address problem areas in regional development from the perspective of regional policy.
Indicative content
The course is divided into three problem areas. The first part provides a basic overview of the microeconomic principles of business localization. The second part of the course explains the principles behind the mobility of production factors and the basic mechanisms of regional economic growth in terms of neoclassical and Keynesian concepts as well as in terms of endogenous growth theory. The third part of the course is devoted to the rationale and possibilities of public interventions in the regional development.
Spatial structure of the economy.
Economic principles of firm localization
Interfirm competition and localization of companies
Agglomeration economies and diseconomies
Principles of regionalization. Regional economic growth vs. development.
Regional economic growth in the long run (labor, capital and mobility of production factors)
Regional economic growth in the long run (interregional trade)
Long-term regional economic growth (human capital and technology)
Regional economic growth in the short term (external demand and export multiplier)
Regional policy (definition, instruments)
Regional policy of the Slovak Republic
EU cohesion policy
Support literature
1. Buček, Rehák, Tvrdoň, 2011. Regionálna ekonómia a politika. Iura Edition. Bratislava
2. McCann, P. 2013. Modern Urban and Regional Economics. Oxford University Press, Oxford.
3. Pike, A., Rodríguez-Pose, A., & Tomaney, J. 2016. Local and regional development. Routledge.
Requirements to complete the course
individual work, mid term tests
written / combined exam
20 % quality and presentation of term paper
10 % result of the mid term written examination
10 % activity during seminars
60 % result of the final exam
Student workload
Student workload 156 hours (participation in lectures 26 h, participation in seminars 26 h, preparation for seminars 13 h, elaboration of seminar work 13 h, preparation for a mid term written exam 26 h, preparation for a final exam 52 h)
Date of approval: 11.03.2024
Date of the latest change: 10.11.2023