This course provides students with a theoretical and empirical understanding of how the dimension of space can be incorporated into economic analysis. It examines the spatial theories and models that have been developed to interpret the formation of prices, demand, productive capacity, levels of output, growth rates and the distribution of income in conditions of unequal regional endowments of resources. Furthermore, it investigates the role of territory as an independent production factor that generates advantages for the people and firms situated within it.

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