Syllabus

Title
0858 Regional Economics I
Instructors
Assoz.Prof PD Stefanie Peer, Ph.D.
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
09/01/21 to 10/03/21
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Tuesday 10/12/21 01:30 PM - 05:00 PM D4.0.019
Tuesday 10/19/21 01:00 PM - 04:00 PM D3.0.218
Tuesday 11/02/21 01:00 PM - 04:00 PM D2.0.030
Tuesday 11/09/21 12:30 PM - 03:30 PM Online-Einheit
Tuesday 11/16/21 01:00 PM - 04:00 PM D2.0.030
Tuesday 11/30/21 01:00 PM - 04:30 PM Online-Einheit
Tuesday 12/07/21 01:00 PM - 04:30 PM Online-Einheit

Contents

This course will give focus on the role of accessibility, infrastructure and mobility in spatial economics, and will discuss among others the following topics:

  • The role of accessibility for location choices of households and firms
  • The trade-off between agglomeration economies and negative transport externalities (congestion, noise, pollution)
  • Space assignment to different transport modes
  • Infrastructure investments: effects on regional growth, economic assessment
  • Financing public transport: why does it typically require subsidies?
  • Political economy aspects related to regional/transport policies
  • The role of time as input to travel decisions

Current scientific papers dealing with the previously mentioned topics will be discussed in addition to the corresponding theories.

 

Learning outcomes

The goal of the course is to familiarize students with the theories of regional economics, in particular the role of acccessibility. After completing the course, students should be able to formulate, defend and critically reflect arguments related to the course contents (accessibility, location choices, infrastructure investments, etc.). 

    Attendance requirements

    In the event of more than two absences - for whatever reason - no assessment is made.

    Teaching/learning method(s)

    • Presentation of theoretical approaches and relevant literature with reference to current research results
    • In-depth discussions on the connection between theory and real-world applications
    • Short presentations of scientific papers
    • Various exercises to illustrate and anchor the theory
    • The course ends with a written examination in the last unit

    Assessment

    A total of 100 points can be achieved in the course The assessment consists of the following components:

    • Class participation (max. 20 points)
    • Summary and presentation of a scientific paper (max. 30 points)
    • Final exam (max. 50 points)

    Minimum points for each grade are as follows:
          5    -
          4    61
          3    71
          2    81
          1    91

    Active class participation (20 points) 

    The assessment of the student's participation will be based on the following aspects: 

    • Active participation in class discussions through questions and contributions
    • Quality of feedback and quality of questions raised in response to the summaries of the other students

    Summary and presentation of a scientific paper (30 points)

    Each student summarizes a scientific article in the form of a written text (about 1.5 pages) and a presentation (5-10 minutes). In both, students are asked to related the contents of the article to course contents (if possible). Students in the Englisch Bachelor program are allowed to form teams of two students. 

    The topics will always be distributed for the subsequent lecture. The summary has to be uploaded the latest on the evening before the presentation to the Learn platform. 

    It is expected that the summary contains the following elements: 

    • Which research question is being investigated? 
    • Why is this research question relevant? Which research gaps are being closed?
    • Which methodology and data are being used?
    • What are the findings? 

    The following factors will influence the grading of the summary: 

    • Correct answers to the corresponding questions
    • Clear argumentation 
    • Clear structure 

    Exam (50 points) 

    The exam will take place on campus on the last date of the course (07.12.21). The exam will test the students' ability to apply the learned theories and concepts (e.g., for a student's home region). The scientific papers prepared by students during the course are not directly part of the exam but will usually illustrate the topics taught in class and enhance their understanding 

    Prerequisites for participation and waiting lists

    Attendance in the 1st course unit is obligatory.

    Readings

    1 Author: McCann, Philip
    Title:

    Modern urban and regional economics. 


    Publisher: Oxford University Press
    Remarks: Chapter 1
    Year: 2013
    2 Author: Farhauer, A. K. O., & Kröll, A.
    Title:

    Standorttheorien. 


    Publisher: Springer Fachmedien, Wiesbaden
    Remarks: Chapter 2
    Year: 2014
    3 Author: Maier, G., & Tödtling, F.
    Title:

    Regional-und Stadtökonomik 1 – Standorttheorie und Raumstruktur


    Publisher: Springer, Wien/New York
    Edition: 5th Edition
    Remarks: Chapter 2
    Year: 2012
    4 Author: Maier, G., & Tödtling, F.
    Title:

    Regional-und Stadtökonomik 2 – Regionalentwicklung und Regionalpolitik.


    Publisher: Springer, Wien/New York
    Year: 2012
    5 Author: Proost, S., & Thisse, J. F.
    Title:

    What can be learned from spatial economics?


    Publisher: Journal of Economic Literature, 57(3)
    Edition: Section 2
    Year: 2019

    Recommended previous knowledge and skills

    None

    Availability of lecturer(s)

    Institute für Multilevel Governance and Development

    E-Mail: stefanie.peer@wu.ac.at

    Other

    The simultaneous attendance of Regional Economics 1 and Regional Economics 2 is recommended. In the summer term both classes will be offered in German.

    Unit details

    Unit Date Contents
    1 10/12/21

    Introduction & Accessibility: definition & measurement

    2 10/19/21

    Accessibility & firm location

    3 11/02/21

    Accessibility & household location

    4 11/09/21

    Regional, urban & transport policies

    5 11/16/21

    Appraisal of infrastructure investments

    6 11/30/21

    Political economy aspects 

    7 12/07/2021

    Exam

    Last edited: 2021-10-10



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