What is Urban economics?

Urban economics is a subfield of economics that focuses on the spatial organization of economic activities and the dynamics of urban areas. It examines how cities develop, how land is used, and how various factors like transportation, housing, and public policy influence urban growth and quality of life. By analyzing these elements, urban economics seeks to understand issues such as urban poverty, housing markets, and the impact of local government decisions on economic outcomes. Ultimately, it aims to provide insights for improving urban planning and policy.