Economic Geography (3rd semester for the academic year 2021-22)
Concentration and dispersion of economic activity on a global, national or regional scale; Marshallian local external economies and regional specialization: industrial and high technology clusters and urban agglomerations in the U.S. and the E.U. International trade and investment flows and division of labour: the role of multinational firms and regional trading blocks. The theoretical framework of the new economic geography (NEG): Internal and external economies of scale, transport costs and market size as major determinants of firm location in space, under imperfect competition and increased economic integration. Implications for welfare levels of core and peripheral regions. NEG’s contribution to economic theory and policy.