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KGLM 2115 - Economics of the Large Metropolis

Type d'enseignement : Lecture alone

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

Basic graphic analysis for economics, basic statistics and econometrics.

Course Description

The first part of the course is devoted to the economic theory intuition explaining why cities exist and induce an uneven spatial distribution of land and good prices; why cities of different size co-exist within integrated areas as countries where both goods and people are mobile; and, finally, what is the impact of trade integration on spatial concentration. Then the second part of the course moves to the empirical studies that evaluate the gains and costs of agglomeration. A special emphasis is put on the impact on spatial disparities of individual location choices by workers and firms that are heterogeneous (in terms of productivity for instance). Specifically, the spatial determinants of productivity, R&D, land prices, and real income are presented.

Teachers

COMBES, Pierre-Philippe (Research Professor, CNRS)

Pedagogical format

12 sessions of 2 hours. Lectures with projected slides and complementary figures drawn on the white board. Slides are printed and distributed to the students before the lectures.

Course validation

2-hour in-class essay on a general question or on a short text to be commented (50%). Home essay (over a 4-week period): report or book chapter to be summarized, commented and discussed (50%).

Workload

Regular re-reading of the lecture notes and slides between lectures.

Required reading

Brueckner, Jan K. (2011). Lectures on Urban Economics (ch. 1 to 3) MIT Press

Additional required reading

  • O'Sullivan, Arthur (2012). Urban Economics 8th ed. (ch. 1 to 9) McGraw-Hill
  • McMillen, Daniel P. and McDonald, John F. (2011). Urban Economics and Real Estate: Theory and Policy, 2nd ed. (ch. 1 and 2), Wiley
  • Prager, Jean-Claude and Jacques-François Thisse (2012). Economic Geography and the Unequal Development of Regions, Routledge
  • Glaeser, E. Triumph of the City, Penguin Books 2011
  • Moretti, Enrico (2012). The New Geography of Jobs, Houghton Mifflin Harcourt