Regional and Urban Economics

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Regional and Urban Economics

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business Administration, Economics, International Economics, Management, Peace and Conflict Studies

  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    This course aims to provide the student an overview and some basic concepts on the urban and regional economy and its basic analytic tools. To achieve this objective, the student must acquire certain knowledge, skills and attitudes.
    The course runs through a set of formal lectures and practical classes.
    We will study the economics of cities and urban problems by understanding the effects of geographic location on the decisions of individuals and firms. First we will try to answer general and interesting questions such as, Why do cities exist? How do firms decide where to locate? Why do people live in cities? What determines the growth and size of a city? Which policies can modify the shape of a city? Having discussed why we live in cities, we will analyze the economic problems that arise because we are living in cities. We will focus on many specific urban economic problems such as firm location, transportation, housing, education and local government economics.
    Course program
    Ch 1 Introduction to Urb.&Reg. Econ
    Part I: Mkt Forces in the Development of Cities
    Ch 2 Why Do Cities Exist?
    Ch 3 Clusters
    Ch 4 City Size & Urban Growth
    Part II: Land Rent and Land-Use Patterns
    Ch 5 Urban Land Rent
    Ch 6 Land-Use Patterns and Urban Planning
    Part V: Housing
    Ch 7 Zoning
    Ch 8 The Housing Market
    Ch 9 Subprime Mortage Crisis
    Part V: Regional Economy
    Ch 10 The EU Regional Policy
    Regional Labour Markets
    The teaching methodology will include:
    - Lectures, which will present the knowledge that students should acquire. To facilitate their development, slide files on the class notes are posted on the course webpage. If you complete those slides taking notes from what is said in class, you should be fine for the tests. All class notes will be matched to chapters of the textbooks listed at the end.
    - Homework exercises on each chapter will be reviewed in class, grading the students on their answers (25% of the final grade). Throughout the term, the instructor will provided exercises on each chapter. The exercises will be collected. The material covered in or based on the suggested exercises will likely appear on examinations. Students who do well through the exercises always outperform students who do not.
    - Discussion of real cases drawn from the recent economic news that the professor provide at the beginning of each topic.
    Class participation 10%
    Exercises 25%
    Individual Essay 15%
    Final exam 50%
    Class participation and Integrity: Attendance and class participation are encouraged. Repeated absences from class, failure to actively and regularly participate, or disruptive behaviour will result in lower or no credit in this category. Plagiarism or other forms of academic dishonesty will not be tolerated and may result in a bad grade for class participation.
    Individual essay: The students shall present a paper on a particular city previously agreed with the professor, describing a city from the economic perspective, using the knowledge acquired in the course. The analysis should be about a topic with economic relevance, such as the city¿s history, period when it flourished, development, growth problems, local policies, economic activity, etc.
    • Economic reports . published . by. European institutions.
    • Edward Glaeser,. TRIUMPH OF THE CITY, How Our Greatest Invention Makes Us Richer, Smarter,. Greener, Healthier, . and Happier.
    • Hoover and Giarratani, . Regional Economics,. Online Edition. .
    • http://. and assigned . to some lectures.

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.


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