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Cover image for Urban economics and real estate : theory and policy
Title:
Urban economics and real estate : theory and policy
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Publication Information:
Malden, MA : Blackwell, 2007
ISBN:
9781405131186
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30000010156577 HT321 M32 2007 Open Access Book Book
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Summary

Summary

Unique in its coverage, Urban Economics and Real Estate allows an instructor to teach separate courses in either urban economics or urban real estate, or a blend of the two topics.

Provides a comprehensive approach to the economic factors that both define and affect modern urban areas, considering the economics of cities as a whole, rather than separating them into isolated topics
Analyzes topics such as urban housing, real estate markets, growth, and social and policy issues, and how these affect the economic functioning of a city
Includes in-depth discussions of real estate markets and policy issues
Considers the changing role of the city in economic life, and the effects of social problems, such as crime, poverty, and education that often accompany these changes
Offers a dedicated author-hosted website containing supplemental material, available at http://www.uic.edu/~mcmillen.


Author Notes

John F. McDonald is Senior Associate Dean for Academic Affairs and Professor of Economics at the University of Illinois at Chicago. He is US editor of the journal Urban Studies and a member of the editorial boards of the Journal of Urban Economics and the journal Planning Perspectives. He has authored or edited several books, including The Economics of Highway Congestion and Pricing (1999), Sources of Metropolitan Growth (with Edwin Mills, 1991), and Economic Analysis of an Urban Housing Market (1979).
Daniel P. McMillen is Professor of Economics and Director of the Center for Urban Real Estate at the University of Illinois at Chicago, and is also a Research Scholar at the Federal Reserve Bank of Chicago. He is a member of the editorial boards of several urban economics and real estate journals, including the Journal of Urban Economics and Real Estate Economics, and is co-editor, with Richard J. Arnott, of A Companion to Urban Economics (Blackwell, 2006).


Table of Contents

Prefacep. vii
Acknowledgementsp. x
Part I Economics and Urban Areasp. 1
1 Introduction to Urban Economicsp. 3
2 Schools of Thought in Urban Economicsp. 18
3 Location Decisions, Agglomeration Economies, and the Origins of Citiesp. 29
4 The Economic Functions of Citiesp. 55
Part II Location Patterns in Urban AREASp. 79
5 Introduction to Urban Location Patterns: Static Analysisp. 81
6 Using the Monocentric City Modelp. 106
7 Empirical Testing of the Monocentric City Modelp. 137
Part III Urban Housing and Real Estatep. 181
8 Housing in Urban Areasp. 183
9 Housing Policy in the United Statesp. 221
10 Real Estate Law and Institutionsp. 243
11 Real Estate Marketsp. 262
12 Real Estate Development and Investmentp. 279
Part IV Government in Urban Areasp. 305
13 The Public Sector in Urban Areasp. 307
14 Urban Transportationp. 345
Part V Urban Social Problemsp. 385
15 An Overview of Urban Social Problemsp. 387
16 Urban Poverty and Its Spatial Concentrationp. 396
17 Crime in Urban Areasp. 428
18 Education, Labor Markets, and Migrationp. 440
Part VI Urban Growthp. 459
19 Models of Metropolitan Economic Growthp. 461
20 Agglomeration Economies, Technical Change, and Urban Growthp. 501
21 Economic Development Policies for Urban Areasp. 537
Appendix A Review of Some Mathematics and Microeconomic Theoryp. 575
Answers to Selected Exercisesp. 595
Indexp. 603
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