Urban Economics and Real Estate: Theory and Policy - Hardcover

McDonald, John F.; McMillen, Daniel P.

Hardcover

ISBN 10: 047059148X ISBN 13: 9780470591482

Publisher: Wiley, 2010

Synopsis

Unique in its coverage, Urban Economics and Real Estate allows an instructor to teach separate courses in either urban economics or urban real estate, or a blend of the two topics.   The portion on urban economics focuses on urban/suburban growth―physical as well as job growth.   The interplay of federal government and local authorities is discussed, and the effects of social problems, such as crime, poverty, and education that often accompany these changes are discussed.  

While the latest data sets available are utilized, Urban Economics’ emphasis is on economic analysis.   The real estate chapters emphasize housing markets, appraisal, business investments, and their relationship to finance.   New to this edition is extensive coverage of international issues in cities around the planet.  Given the rapidly changing empirical side of urban demography, the text is accompanied by a website with new examples added annually and various discussions/tips about the latest data sets that become available.

About this title

About the Author:

John F. McDonald is currently at Roosevelt University, Chicago, as the Gerald W. Fogelson Distinguished Chair in R.E. John McDonald was Emeritus Professor of Economics and Finance at the University of Illinois at Chicago. He holds a Ph.D. in Economics from Yale University. At UIC he has served as Professor of Economics and Finance, Founding Director of the Center for Urban Real Estate, Senior Associate Dean for Academic Affairs and Research, and Interim Dean of the College of Business Administration. Other positions held include Research Director at NCI Research, and Adjunct Professor of Economics in the Graduate School of Business, University of Chicago. Well known for his research in urban economics and real estate, he is listed in Who's Who in Economics and is author of seven books. He currently serves as editor of the Journal of Real Estate Literature.

Daniel P. McMillen is a professor of economics at the University of Illinois at Urbana-Champaign. He has held an appointment at IGPA since 2002. His research interests are urban economics, real estate, and applied econometrics. He is editor of the journal Regional and Urban Economics, and has served on the editorial boards of five other journals. In 1998 and 1999 he served as the chair of the Department of Economics at Tulane University. In 1998, he was a research fellow for the Center for Urban Real Estate and Land Economics at the University of British Columbia. He received his Ph.D. from Northwestern University in 1987.

Review:

“This book provides the rich context essential to understanding the market and public policy forces that shape residential and commercial real estate markets. Classic and emerging theories are presented with freshness and anchored in the real world by an abundance of relevant data. Defining housing with the ‘House of Muth’ and the ‘House of Lancaster/Rosen’ and starting the chapter on transportation with ‘There’s no such thing as a free road’ make for lively reading. This book will set the standard for the intersection between urban and real estate economics.”
Glenn Blomquist, University of Kentucky

“This book expertly melds theory and empirical hypothesis testing. McDonald and McMillen deftly convey why urban economics is such an exciting field of study. Students will be fascinated.”
Matthew Kahn, The Fletcher School, Tufts University

“This book is a winner. Its skillful blend of real estate, urban microeconomics, and urban growth will meet the needs of nearly every urban economics course. McDonald and McMillen have produced an outstanding text.”
Edward Coulson, Pennsylvania State University

“This masterful book by two of the most active researchers and clearest expositors in urban economics renders cutting-edge research on contemporary issues accessible to the general reader. Its fresh perspective yields both precision and incisiveness.”
Marcus Berliant, Washington University, St. Louis

About this edition

• Publisher: Wiley
• Publication date: 2010
• ISBN 10: 047059148X
• ISBN 13: 9780470591482
• Binding: Hardcover
• Edition number: 2
• Number of pages: 560