| ses # | Topics | readings |
|---|---|---|
| 1 | Externalities, Public Goods, and Applications to the Environment Planning | Nicholson. Chapter 16 (or equivalent). Stavins, Robert N. "Market-Based Environmental Policies." Resources for the Future Working Paper. Washington, DC: Resources for the Future, August 2003. (PDF)  Portney, Paul R., and Robert N. Stavins, eds. Public Policies for Environmental Protection. Washington, DC: Resources for the Future, 2000, chapter 3. ISBN: 0915707535. |
| 2 | Applications II: Historic Districts (Dennis Frenchman and Frank Levy, and Guest) | Clarion Associates. "The Economic Benefits of Historic Preservation in Colorado." Report prepared for the Colorado Historical Foundation, January 2002. |
| 3 | Urban Structure I - Basic Theories | Krugman, Paul. "Space: The Final Frontier." Journal of Economic Perspectives (Spring 1998): 161-174. Davis, Donald R., and David E. Weinstein. "Bones, Bombs and Break Points: The Geography of Economic Activity." National Bureau of Economic Research Working Paper 8517, October 2001. Tiebout, Charles. "A Pure Theory of Local Expenditures." Journal of Political Economy (October 1956): 416-424. |
| 4 | Urban Structure II - Economic Development and the Internet's Impact | DePasquale, Denise, and William C. Wheaton. "Firm Site Selection, Employment Decentralization, and Multicentered Cities." Chapter 5 in Urban Economics and Real Estate Markets. Englewood Cliffs, NJ: Prentice Hall, 1996. ISBN: 0132252449. Leamer, Edward, and Michael Storper. "The Economic Geography of the Internet Age." National Bureau of Economic Research Working Paper 8450, August 2001. Glaeser, Edward. "The Economics of Location Based Incentives." Discussion Paper 1932. Harvard Institute of Economic Research, November 2001. |
| 5 | Getting Through New York City's Fiscal Crisis (Guest Lecturer: Steve Levine, Deputy Director, Office of Management and Budget, City of New York) | Office of Management and Budget, City of New York. Executive Budget, Fiscal Year 2005 - Budget Summary. New York State Financial Control Board. Review of 2005-2008 Financial Plan. July 12, 2004. |
| 6 | Basic Investment Theory | Nicholson. Chapter 14 and Appendix (or equivalent). Weitzman, Martin L. "Gamma Discounting." American Economic Review, no. 1 (1999): 260-271. (Read the abstract, skip any theory and math which you find difficult, and focus on the discussion of what the results mean - the basic point is both interesting and important.) |
| 7 | Basics of Housing Finance (with Tod McGrath) | McGrath, Tod. "Commonwealth Development Case Part A." (This case was prepared by W. Tod McGrath for the purpose of class discussion. MIT Center for Real Estate, 1999. Revised June 2003. Students should prepare the case in advance of the class.) |
| 8 | Wrap-up | |
| Final Exam |
Table of Contents
Study Materials
Readings
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Required Textbook
Nicholson, Walter. Intermediate Microeconomics and Its Applications. 9th ed. Stamford, CT: Thomson Learning, 2003. ISBN: 0030259169.