Regional and Urban Economics

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GROUP 116 | Stefan MirunaStanisoara SarahTeodorescu AlinSfrent GeorgeStefanescu Vladut | | | [Regional and Urban Economics] | MACROECONOMICS | TABLE OF CONTENTS 1.Regional Economics 1.1.Definition 1.2.About 1.3.Integration 1.3.1.Free trade area 1.3.2.Customs union 1.3.3.Common market 1.3.4.Economic union 1.4.Nature of a region 1.4.1.Types of regions 1.4.1.1.Homogeneous region 1.4.1.2.Functional region 2.Urban Economics 2.1.Definition 2.2.About 2.3.Externalities 2.4.Applications 2.4.1.Pollution and transport 2.4.2.Social and spatial 1.Regional Economics 1.1.Definition The economic study of regions based on the consideration of space, transportation cost, and location in production and consumption decisions. Regional economics studies a wide variety of topics, including the migration of labor, the macroeconomic activity in cities and states, and the location choices of firms. A closely related area of study that focuses on economic activity within and between cities is termed urban economics. 1.2.About Economic systems are dynamic entities, and the nature and consequences of changes that take place in these systems are of considerable importance. Such change affects the well-being of individuals and ultimately the social and political fabric of community and nation. As social beings, we cannot help but react to the changes we observe. For some people that reaction is quite passive; the economy changes, and they find that their immediate environment is somehow different, forcing adjustment to the new reality. For others, changes in the economic system represent a challenge; they seek to understand the nature of factors that have led to change and may, in light of that

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