Concept

Urban economics

Summary
Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance. More specifically, it is a branch of microeconomics that studies the urban spatial structure and the location of households and firms . Historically, much like economics generally, urban economics was influenced by multiple schools of thought, including original institutional economics and Marxist economics. These heterodox economic currents continue to be used in contemporary political-economic analyses of cities. But, most urban economics today is neoclassical in orientation and centred largely around urban experiences in the Global North (
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