Economics 304

URBAN ECONOMICS
Fall 2020
 
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Study Guide III

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Chapter 8

1.  What factors affect the supply of labor?     

2.  What factors affect the demand for labor? 

3.  Show graphically how changes in the supply and demand of labor affect the labor market.

4.  What is the relationship between urban growth and environmental quality?

5.  What policies can local governments use to encourage growth?

6.  Why is the impact of mega events usually smaller than expected?

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Chapter 15

1. Know how the dissimilarity index is calculated

2.  Show graphically and explain how differences in preferences for public goods can lead to conflicts and eventually to segregated communitiesic growth of public policies such as taxes, public services, and su

3.  Show graphically how a segregation equilibrium can be achieved

4.  Show graphically how an integration equilibrium can be achieved

5.  Show graphically how a mixed neighborhood equilibrium can be achieved.

6.  Show graphically how differences preferences for lot size can affect the equilibrium in a community

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Chapter 16

1.  What are the three criteria that are necessary for zoning to be constitutional?

2. What are the three rules that determine whether compensation is required when land is taken?

3.  How is the optimal lot size for fiscal zoning determined?

4.  Show graphically how zoning to deal with density externalities will affect the land markets, and explain how that might be efficient

5. Show graphically the effects of controlling building permits to limit population growth.

6. Show graphically the impact of development taxes

7.  Show graphically the impact of urban growth boundaries on the housing market

8.  Show graphically and explain the impact of urban growth boundaries on the land market

9. Show graphically and explain how urban growth boundaries affect land use through impacting the labor market

10. Show graphically and explain how growth controls in one city would affect utility in an entire region

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Chapter 17

1.  What characteristics of housing make it different from other products?

2.  Know how to calculate the stock of low-quality and high-quality housing

3.  Show graphically how price changes affect filtering from high- to low-quality housing

4.  Show graphically how the market supply of high-quality housing is determined

5.  Show graphically how the market supply of low-quality housing is determined

6.  Show graphically how a ban on new building would affect the market for high-quality housing

7.  Show graphically how a ban on new building would affect the market for low-quality housing

8.  Show graphically the impact of gentrification on both the high- and low-quality housing markets

9.  How are housing conditions characterized?

10. What are the problems with public housing in terms of efficiency and living conditions?

11. Show graphically the effect of supply side housing policies on the low quality housing market, inlcuding the crowding out of unsubsidized housing.

12. How do housing vouchers work and how is the face value calculated?

13. Show graphically how housing vouchers would impact the housing market.

14.  What are the main factors that affect the level of homelessness?

15.  What policies can be used to deal with homelessness

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Chapter 23

1.  Show graphically how the equilibrium amount of crime is determined.

2.  Show graphically how anguish cost affects the equilibrium amount of crime

3.  Show graphically how investing in human capital affects the equilibrium amount of crime

4.  Show graphically how increasing the certainty and severity of punishment affects the equilibrium amount of crime

5.  Why is there diminishing returns to increasing the length of prison terms?

6.  What are the three roles of the prison system in preventing crime?

7.  Show graphically how is the efficient amount of crime allowed is determined.

8.  Show graphically how increasing the punishment for one type of crime will affect the amount and mix of crimes.

9.  What is the principle of marginal deterrence?

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Chapter 20

1. What are the functions or roles of government?

2. What are the characteristics of local public goods?

3. Show graphically how voting may not lead to the optimal level of a local public good being provided.

4. What is the Tiebout model, and how could it lead to the optimal level of a local public good being provided (show graphically)?

5.  Show graphically how the Lindahl tax would be used to provide the optimal level a local public good.

6.  When would it be better to have local provision of a local public good and when would it be better to have metropolitan provision?

7.  How would the median voter model work when there is a representative democracy?

8.  What are the limitations of the median voter model?

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