Urban Economics and Planning

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 2
  • Faculty of Economics and Finance

Teachers

Included in study programs

Applied Economics

Management of Public Policies

Teaching results

Knowledge - By completing the course the student will understand the economic principles behind the growth and development of cities, common social and economic problems in cities and the possibilities of public policy to influence economic processes in cities.
Skills - The graduate will be able to perform selected economic analyzes, e.g. analysis of the size structure of cities, analysis of the structure of land use, analysis of the choice of mode of transport in the city, analysis of real estate prices with hedonic models. The graduate will acquire analytical skills through stylized examples and with the use of real data.
Competences - The graduate will have an overview of basic data sources for individual economic analyzes. Using the acquired knowledge and skills, he will be able to analyze selected social and economic problems of cities and identify appropriate economic tools to solve them.

Indicative content

The first part deals with the economic laws of origin and economic growth of cities. The second part focuses on the analysis of land use in the city together with the economic laws in the background of real estate prices in the city. The third part deals with the basic problems related to transport, housing, crime, education and the role of local government in influencing these economic processes.
1. Economic background of the existence of cities.
2. Localization and urbanization economies.
3. City size and settlement system of cities.
4. Economic structure of the city and land prices - firms.
5. Economic structure of the city and land prices - households.
6. Households and public goods. Neighborhood choice.
7. Public transportation in the city.
8. Education.
9. Real estate market. Hedonic model of real estate prices.
10. Housing. Filtering model in the housing market.
11. Local government. Local taxes.
12. Urban planning. City zoning.

Support literature

1. O Sullivan, A. (2009). Urban Economics. McGrawHill, New York
2. McDonald, J. F., & McMillen, D. P. (2010). Urban economics and real estate: theory and policy. John Wiley & Sons.

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

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)

Language whose command is required to complete the course

Slovak, English

Date of approval: 10.02.2023

Date of the latest change: 18.02.2022