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Course Detail

Term Fall 2017
Class URP 509
Class Title Public Economics for Urban Planning
Description This is a course in the application of microeconomic modes of reasoning to problems that planners address. The course begins with an overview of the economist's analysis of the relationship between markets and efficiency, including concepts of supply and demand, elasticity, marginalism, opportunity costs, consumer surplus, market competition, and equilibrium. The course then delineates efficiency- and equity-based rationales for planning, and explores how economic modes of thinking can aid in the design of planning interventions to alter market outcomes. This section of the course also considers strengths and weaknesses of both planning and market solutions in various contexts. Finally, the course applies economic modes of thinking to specific planning problems, developing tools of benefit-cost, cost-effectiveness and fiscal impact analysis, together with an exploration into the economics of transportation, pollution, and land use regulation. MUP students lacking previous coursework in microeconomics should enroll in this course; all other MUP students are welcome as well.
Prereq none
Crosslist none
Required Yes
Elective No
Meets Monday/Wednesday 4:00-5:30pm 1227 A&AB
Credits 2-3
Faculty Jonathan Levine
Syllabus not available