Cross-listed with ARCH458K. Credit granted only for URSP488A or ARCH458K.

This is an introductory course in urban economics, focusing on the formation and dynamics of urban forms and systems under the framework of spatially mobile households and firms. The spatial movement and settlement of households and firms are examined through the lens of economic theoryand principles about market equilibrium, price adjustment, and choice and decision-making. Location decisions by households and firms not onlyshape urban dynamics but also carry significant policy and planning implications. The course will also examine policy implications of urban spatial forms and structure.