After the course, the student understands the main economic forces that lead to the existence of cities. The student is familiar with the theories related to the emergence of cities and their role on agglomeration, productivity, urban amenities, and congestion. The student is familiar with key/main models of urban economics and understands the determinants of urban land values, and how land values vary within and between cities. The student is familiar with methodologies to evaluate urban characteristics, and the challenges of these methodologies. The student is familiar with the role and challenges related to housing and urban policies.