Introduction to economic importance of location for firms, consumers, and policy makers. Basic tools, applications, and student research.
Regional economics is an applied field, bringing together insights from both micro and macroeconomics. The focus of this course will be on how geographic space can impact economic activity--essentially introducing space and location into previously learned basic models. During the final weeks of the course, we will use a simplified version of an input-output model to assess how certain policies may impact a regional economy.
By the end of this course, the student should be able to:
- apply spatial concerns to micro and macroeconomic theory.
- engage with a variety of location-production models.
- understand how activities are distributed in space.
- discuss the rationale behind firm clustering and dispersion.
- describe how land rents are determined according to standard theory.
- create, understand and analyze input-output models.
- cricially evaluate the conclusions of regional economists.
This course requires the use of electronic proctoring through ProctorU, please see http://www.online.colostate.edu/current-students/proctoring.dot for detailed instructions. For students requiring accommodations, please contact Resources for Disabled Students; for consideration of exceptions outside the scope of RDS, please contact the University Testing Center
This course can be applied towards:
ECON 306 (Intermediate Microeconomics).
Prerequisites: Intermediate microeconomics, introductory macroeconomics, introductory calculus.
Textbook and Materials
Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.
- Urban and Regional Economics (2001)