Urban Economics: Land Use and Urban Spatial Structure

Urban economics studies how cities function, focusing on land use and the arrangement of different areas within urban spaces. It examines why certain businesses cluster in specific locations, how residential neighborhoods develop, and the impact of transportation on city layouts. This field helps explain patterns of growth, housing prices, and urban sprawl, as well as the economic interactions between urban and rural areas. By understanding these dynamics, policymakers can make informed decisions to enhance city living and address challenges like congestion and housing affordability.