Urban Economics and Real Estate Theory and

This Second Edition arms real estate professionals with a comprehensive approach to the economic factors that both define and affect modern urban areas. The text considers the economics of cities as a whole, instead of separating them. Emphasis is placed on economic theory and empirical studies that are based in economic theory. The book also explores the policy lessons that can be drawn from the use of economics to understand urban areas. Real estate professionals will find new coverage of urban areas around the world to provide a global perspective.

John F. McDonald is currently at Roosevelt University, Chicago, as the Gerald W. Fogelson Distinguished Chair in R.E. John McDonald was Emeritus Professor of Economics and Finance at the University of Illinois at Chicago. He holds a Ph.D. in Economics from Yale University. At UIC he has served as Professor of Economics and Finance, Founding Director of the Center for Urban Real Estate, Senior Associate Dean for Academic Affairs and Research, and Interim Dean of the College of Business Administration. Other positions held include Research Director at NCI Research, and Adjunct Professor of Economics in the Graduate School of Business, University of Chicago. Well known for his research in urban economics and real estate, he is listed in Who's Who in Economics and is author of seven books. He currently serves as editor of the Journal of Real Estate Literature.

Daniel P. McMillen is a professor of economics at the University of Illinois at Urbana-Champaign. He has held an appointment at IGPA since 2002. His research interests are urban economics, real estate, and applied econometrics. He is editor of the journal Regional and Urban Economics, and has served on the editorial boards of five other journals. In 1998 and 1999 he served as the chair of the Department of Economics at Tulane University. In 1998, he was a research fellow for the Center for Urban Real Estate and Land Economics at the University of British Columbia. He received his Ph.D. from Northwestern University in 1987.

Economics and Urban Areas
Introduction to Urban Economics
Schools of Thought in Urban Economics
Location Decisions, Agglomeration Economies, and the Origins of Cities
The Economic Functions of Cities
Location Patterns in Urban Areas
Introduction to Urban Location Patterns: Static Analysis
Using the Monocentric City Model
Empirical Testing of the Moncentric City Model
Urban Housing and Real Estate
Housing in Urban Areas
Housing Policy in the United States
Real Estate Law and Institutions
Real Estate Markets
Real Estate Development and Investment
Government in Urban Areas
The Public Sector in Urban Areas
Urban Transportation
Urban Social Problems
An Overview of Urban Social Problems
Urban Poverty and Its Spatial Concentration
Crime in Urban Areas
Education, Labor Markets, and Migration
Urban Growth
Models of Metropolitan Economic Growth
Agglomeration Economies, Technical Change, and Urban Growth
Economic Development Policies for Urban Areas
Appendix: A Review of Some Mathematics and Microeconomic Theory
Answers to Selected Exercises
Index
Table of Contents provided by Publisher. All Rights Reserved.

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Urban Economics and Real Estate Theory and Policy

Summary

Author Biography

Table of Contents

Supplemental Materials