Master in European Regional Development Studies

Urban and Regional Economics

Course goal

The goal of the course is to provide the students with an in-depth understanding of the economic characteristics of basic spatial processes and the forces and dynamics shaping and changing cities and regions.

Course subject

The course consists of 13 lectures covering the major scientific fields of urban and regional economics.

Lecture 01: Introduction to urban and regional economics and course description
Lecture 02: The creation and development of cities. Agglomeration economies and urban size
Lecture 03: Location theory: Location and transport costs
Lecture 04: Location theory: Location and market area
Lecture 05: Urban systems: central place theory, rank-size distribution, polycentric development
Lecture 06: Land rent theory, land uses and the allocation of activities in cities
Lecture 07: The modern city: growth, change and problems
Lecture 08: The interaction of space, economy and policy
Lecture 09: Modeling space: The convergence school: Theory and policy implications
Lecture 10: Modeling space: The divergence school: Theory and policy implications
Lecture 11: Concepts and measures of inequality
Lecture 12: Regions in an open economy: The impact of international trade
Lecture 13: Regions in an open economy: The impact of foreign direct investment


Students’ performance evaluation will be based on two take-home assignments (30% of final grade each) and a final written exam (40% of final grade).


  • Armstrong H. W. and Taylor J. (2000), Regional economics and policy, Oxford: Blackwell.
  • Arnott R. J. and McMillen D. P. (eds.) (2006), A companion to urban economics, Oxford: Blackwell.
  • McCann P. (2001), Urban and regional economics, Oxford: Oxford University Press
  • O’ Sullivan A. (2012), Urban economics, 8th edition, Boston: McGraw-Hill.
  • Pike A., Rodriguez-Pose A. and Tomaney J. (2006), Local and regional development, New York: Routledge