Why is New York City so densely populated while most of North America is empty? Why are per capita incomes in the South of Italy comparable to those in Greece while those in the North are comparable to those in Bavaria? Why does virtually all innovation take place in major cities and why do cities create a disproportionate share of wealth? Many costs are also associated with urban life: commutes are longer and dwellings are smaller and more expensive in large cities than in small towns.

Market failures lead people and firms to locate in the wrong places and some cities are too large while others are too small. Many public interventions also shape the location of economic and human activities, such as land use regulations and the design of transportation networks.

This course provides a broad introduction to the discipline that addresses such issues – modern regional and urban economics. At the end of the course students will master a variety of analytical tools and will be able to apply them to real world cases.

The course uses active learning techniques. Such techniques accelerate your learning and improve the depth of your understanding. They also focus on soft skills that are particularly valuable on the job market (such as working in teams and evaluate each other’s work). Class attendance is thus fundamental and active student participation is strongly encouraged.