The course aims to provide students with a deep understanding of the interaction between space and economy. In particular the course will analyze issues related to the location and distribution of economic activities, the economics of agglomeration, the spatial structure of economy, regional specialization, multiplier analysis and labor market analysis.
The course is organized as follows:
- Introduction: Economy and space. The regional science
- Location theory: The location-production models of Hoover, Weber and Moses. Market area analysis and the models of Losch, Palander and Hotelling. Behavioral Theories of Firm Location
- The Spatial Distribution of Activities: Central place theories of Christaller and Losch. Urban systems.
Agglomeration economies. Spatial concentration and regional diversification
- The Spatial Structure of the Urban Economy: The classical bid-rent theory of Richardo and Von Thunen.
Modern urban bid-rent theory, land prices and land uses of economic activities
- Regional Specialization and Multiplier Analysis: The economic base model. Keynesian regional multiplier. Regional Input-Output analysis
- Regional and Inter-Regional Labor Market Analysis: Regional labor markets. Wages and inter-regional labor migration. Other models of inter-regional migration
- Quantitative methods of regional analysis: Simple statistical measures. Measures of dispersion. Measures of spatial concentration and diversification