UEC-22806 Spatial and Regional Economics

Code last year: (AEP-22806)

Course

Credits 6.00

Teaching methodContact hours
Lecture24
Practical40
Excursion (one day)8
Independent study0
Course coordinator(s)dr. SM Halleck Vega
Lecturer(s)dr. SM Halleck Vega
dr. ir. JHM Peerlings
Examiner(s)dr. ir. JHM Peerlings
dr. SM Halleck Vega

Language of instruction:

English

Assumed knowledge on:

MAT-12806 Mathematics M and DEC-10306 Economics or UEC-10406 Microeconomics and Behaviour


Contents:

Economic activities, all the choices households, firms and institutions make, take place within geographical space. Accordingly they impact this geographical space, but space also influences the choices agents make. What is the best location to start a business? To buy a house? To follow education? The answer strongly depends on the (expected) costs and benefits of a certain location, as well as the costs and benefits within the vicinity. What exactly these costs and benefits are depends very much on the specific type of firm or household. Nevertheless, certain places seem to be advantageous to many firms and households and hence, clustering of economic activities takes place. This did not happen overnight, at least not in Europe. Here, urban and rural areas often developed in symbiosis with today rather modest levels of migration. In African, Asian and Latin American countries the story is quite different, with mega-cities developing at a fast pace, leaving the rural areas behind in terms of economic development and social capital. Obviously, these different regional development require different theories, models and policy instruments.
In this course we focus on two aspects of spatial and regional economics: location theory and regional development. Location theory deals with location choices of firms and households and the resulting land economics. The regional development part focusses on regional differences between regions, as well as urban and rural areas in both developed and developing countries. Through a combination of lectures and practicals, you will gain knowledge on spatial and regional economic theories and experience in working with spatial datasets, empirical methods and interpreting the results.

Learning outcomes:

After successful completion of this course students are expected to be able to:
-    Reproduce theories on the role of space and distance in (location) choice of household and firms;
-    Understand the spatial aspects of economic theory;
-    Analyse the differences between regional economic structures and regional economic development in both developed and developing countries;
-    Construct and use a number of regional economic models to asses (regional) economic situations and to analyse the impact of different policy options;
-    Report on outcomes of these models.

Activities:

- attending lectures;
- taking part in practical sessions and excursion.

Examination:

- written exam (60%);
- practical assignments (40%).
Each component needs a minimum mark of 5. To pass the course a minimum average mark of 5.5 is required.

Literature:

The material will be made available in Brightspace.

ProgrammePhaseSpecializationPeriod
Restricted Optional for: BINInternational Development StudiesBScB: Economics of Development5MO
MMEManagement, Economics and Consumer StudiesMScC: Economics and Governance5MO
BEBEconomics and GovernanceBSc5MO