Urban economics is a sub-field of economics that refers to the economic analysis of cities, and touches on a broad range of topics, such as housing, transportation, land use, the cost and benefit of cities and urbanization, or the provision of local public goods like education.15 Oct 2013
Why urban economics is important?
Urban economics concentrates on the economic relationships and processes that contribute to the important spatial characteristics of urban and regional economies, especially to their size, density of settlement, and structure and pattern of land use.
What do you mean by urban economics?
Urban economics emphasizes: the spatial arrangements of households, firms, and capital in metropolitan areas; the externalities which arise from the proximity of households and land uses; and the public policy issues which arise from the interplay of these economic forces.