Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance. More specifically, it is a branch of microeconomics that studies the urban spatial structure and the location of households and firms (Quigley 2008).
Historically, much like economics generally, urban economics was influenced by multiple schools of thought, including original institutional economics and Marxist economics. These heterodox economic currents continue to be used in contemporary political-economic analyses of cities. But, most urban economics today is neoclassical in orientation and centred largely around urban experiences in the Global North (Obeng-Odoom 2016:1-4). This dominant urban economics also influences mainstream media like The Economist (Obeng-Odoom 2023). Today, much urban economic analysis relies on a particular model of urban spatial structure, the monocentric city model pioneered in the 1960s by William Alonso, Richard Muth, and Edwin Mills. While most other forms of neoclassical economics do not account for spatial relationships between individuals and organizations, urban economics focuses on these spatial relationships to understand the economic motivations underlying the formation, functioning, and development of cities.
Since its formulation in 1964, Alonso's monocentric city model of a disc-shaped Central Business District (CBD) and the surrounding residential region has served as a starting point for urban economic analysis. Monocentricity has weakened over time because of changes in technology, particularly, faster and cheaper transportation (which makes it possible for commuters to live farther from their jobs in the CBD) and communications (which allow back-office operations to move out of the CBD).
Additionally, recent research has sought to explain the polycentricity described in Joel Garreau's Edge City. Several explanations for polycentric expansion have been proposed and summarized in models that account for factors such as utility gains from lower average land rents and increasing (or constant) returns due to economies of agglomeration (Strange 2008).
Urbaneconomics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime,...
Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader...
settlement planning UrbaneconomicsUrban planning Note: The list below is to be updated. American Real Estate and UrbanEconomics Association Australia...
on both economics and urban geography. Glaeser also has written on a variety of other topics, ranging from social economics to the economics of religion...
of UrbanEconomics is a bimonthly peer-reviewed academic journal covering urbaneconomics. It is considered the premier journal in the field of urban economics...
Universal design Urban design Urban density UrbaneconomicsUrban planning education Urban green space Urban history Urban informatics Urban planning in communist...
Economics (/ˌɛkəˈnɒmɪks, ˌiːkə-/) is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses...
This glossary of economics is a list of definitions of terms and concepts used in economics, its sub-disciplines, and related fields. Contents: 0–9 A...
Urban decay (also known as urban rot, urban death or urban blight) is the sociological process by which a previously functioning city, or part of a city...
draw on partial equilibrium analysis (supply and demand), urbaneconomics, spatial economics, basic and extensive research, surveys, and finance. The main...
The urban hierarchy ranks each city based on the size of population residing within the nationally defined statistical urban area. Because urban population...
1974 to 1979, he assumed the position of Assistant Professor of Economics and Urban Studies at Brown University while also serving as a Visiting Lecturer...
The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive...
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus...
Economics at the University of California, Irvine. Brueckner has published over 150 papers. His research interests fall into areas encompassing urban...
Intelligent Urbanism Sustainable Urbanism Unitary urbanism, a critique of urbanism as a technology of power by the situationists Urbaneconomics, the application...
urbanization of a population. The first, urban population, describes the percentage of the total population living in urban areas, as defined by the country....
includes among others: urbaneconomics, urban planning, urban ecology, urban transportation systems, urban politics, sociology and urban social relations....
(2019). "The economic effects of density: A synthesis". Journal of UrbanEconomics. 111: 93–107. doi:10.1016/j.jue.2019.04.006. hdl:10419/173020. S2CID 157491186...
professor of economics at Princeton University. Her research interests include economic history, labour economics, and urbaneconomics. Leah Platt Boustan...
Regional Science and UrbanEconomics is a bimonthly peer-reviewed academic journal covering urbaneconomics and microeconomics in regards to regional phenomena...
of Economics and Statistics. Vol. 87, nº 2; 271–284. 2004 with EL Glaeser, Sprawl and urban growth, in: Handbook of Regional and UrbanEconomics. Vol...
the major subfields of urbaneconomics, economies of agglomeration (or agglomeration effects), explains, in broad terms, how urban agglomeration occurs...
relevant to a range of disciplines, including urban planning, geography, sociology, architecture, economics, education, statistics and public health. The...
on the political economy of the urbanization process". Journal of UrbanEconomics. 53 (1): 98–125. doi:10.1016/S0094-1190(02)00504-1. What is available...
Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment often...
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