Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should be able to recognise and understand how the spatial and locational characteristics of economic systems shape, and are shaped by, basic microeconomic principles and relationships, including market operations; be able to expand the application of microeconomics to a wide variety of issues that arise intrinsically in regional and urban contexts; evaluate critically regional and urban policies.
Synopsis Industrial location; spatial pricing and markets; locational competition, interregional trade; allocation of land, agglomeration economies and diseconomies; industrial structure, economic base and regional development; urban spatial structure; and contemporary urban and regional issues, in particular urban public transport, congestion, and the role of government in a spatial context.
Assessment Mid-semester quiz: 30% + Tutorial exercises: 20% + Examination (2 hours): 50%