Land is a scarce resource and is an input into production and consumption. Transportation costs are important and the structure of a city has real effects on the economic and social activities that occur in it. This course discusses how the price of a good varies by location, how the market price of a property varies over time, and how the structure of cities responds to market forces. The course discusses some public policy and managerial implications of the location dimension.
Land is a scarce resource and is an input into production and consumption. Transportation costs are important and the structure of a city has real effects on the economic and social activities that occur in it. This course discusses how the price of a good varies by location, how the market price of a property varies over time, and how the structure of cities responds to market forces. The course discusses some public policy and managerial implications of the location dimension.
