Regional Economics - BMEGT42M521

The aim of the course is to familiarize students with the basics of regional economics, experiences from local and international practices, challenges of regional economics and its main areas.

1. The student is familiar with location choice theories (regional microeconomics);
2. with theories describing the various development paths of regional economies (regional macroeconomics);
3. with policies aiming to enhance territorial convergence, the phenomena of territorial development and modes to decreasing territorial inequalities;
4. is aware of the principles and history of both the European Regional Policy and its local application;
5. is aware of Nobel Prize-winning scientists in the field of regional economics, as well as the results of some practical implementations based on their theories.

1. The student is able to analyse the macro-environment of a town/ city;
2. to analyse the effect of various economic policies on regional growth;
3. to recognize the effectiveness of individual economic policies and their set of tools in managing territorial inequalities;
4. to determine the impact of local and global economic processes on specific locations;
5. to comprehend the local effects and answers to global shocks;
6. to assess the factor endowment structure connected to regional development;
7. to explore the economic-social-environmental portfolio set of the areas, to outline regional development scenarios linked to internal (endogenous) and external (exogenous) factors;
8. to utilize synergies between regional economics and other branches of regional science (population statistics, cartography);
9. and is able to interpret the above in a comprehensible way for both professional and non-professional audiences.

1. The student cooperates with the lecturer and peers during the aquisition of knowledge;
2. expandes their knowledge through continuous learning;
3. is open to the usage of IT tools;
4. stives to understand complex systems;
5. strives to understand the impact of the economy on human well-being and the injustices arising from the inequalities of resource distribution, and to evaluate the factors necessary to resolve those;
6. strives to prioritize decisions that maximize social well-being and the quality of environmental protection.

1. The student is open to receive well-funded positive and negative feedback;
2. in select instances - as part of a group - cooperates with peers in order to solve tasks;
3. uses a systematic approach in their thinking.

Lectures and seminars, problem-solving, oral and written communication. Application of IT tools and techniques

• Illés Iván: Regionális gazdaságtan, területfejlesztés. Budapesti Műszaki és Gazdaságtudományi Egyetem. Typotex Kiadó, Budapest, 2008.
• Előadásanyagok diasorai.
• Lengyel Imre-Rechnitzer János: Regionális gazdaságtan. Dialóg Campus Kiadó, Budapest-Pécs, 2004.
• Lengyel Imre: Regionális gazdaságfejlesztés. Versenyképesség, klaszterek és alulról szerveződő stratégiák. Akadémiai Kiadó, Budapest, 2010.
• Hoover, Edgar M. and Giarratani, Frank, Capello, Roberta (2016). Regional Economics. Routledge, ISBN 9781138855885

The learning outcomes stated in point 2.2 are evaluated as follows: During the study period, through summative assessments (two mid-term exams) and a formative assessment, the latter of which appears as a paired/group task to be completed independently/in groups, helping to familiarize the student with the practical application of the course material. Based on the assessments of the study period, a recommended grade can be obtained, the framework of which is explained by the instructor. If the student does not obtain or does not accept the recommended grade, they must take a written and/or oral exam during the exam period.

A. Detailed description of performance evaluations during the study period: 1. Summative assessment: a complex, written evaluation of the knowledge and ability-type competence elements of the subject in the form of two mid-term exams. The mid-term exams are centered around acquired knowledge and its application, thus focusing on problem recognition and -solution. The course material on which the evaluation is based on is determined by the lecturer of the subject. 2. Formative assessment: a practice-oriented task to be completed in pairs or in groups, intended familiarize the student with the course material. Based on the performance evaluations of the study period, a recommended grade can be obtained, the framework of which is explained by the instructor. B. Description of the performance evaluation during the exam period: 1. Written and/or oral exam: the student that did not obtain the recommeneded grade, or does not accept it, is obligated to take a written and/or oral exam during the exam period.

• 1st summative assessment: 40
• 2nd summative assessment: 40
• Formative assessment: 20
• Total: 100

• Written and/or oral exam (if lacking a recommeneded grade): 100
• Total: 100

The condition for obtaining the signature is the successful completion of the formative assessment. The signature is valid according to the provisions of the CoS.

1) Pursuant to the current CoS, each summative assessment can be retaken, repeated or completed late. 2) The summative assessments can be retaken, repeated or completed late for the first time during the late completion period free of charge. In the event of a retake, the new result always overwrites the old one. 3) If the student is unable to obtain a grade other than 'Fail' even with the retake, repeat and late completion possibilities according to point 1), they may make a second attempt to successfully complete the course after paying the fee specified in the regulations. 4) Pursuant to the current CoS, in the case of formative assessments, if the assignment was submitted on time, it is possible to repeat or retake it before the end of the late completion period, if the original task has already been accepted by the instructor. 5) Formative assessments can be submitted late, subject to payment of the special procedure fee specified in the regulations. The latest date for late submission is the last day of the late completion period. 6) Retake, repeat and late completion of exams is possible according to paragraphs 121 and 123 of the CoS.

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 04.11.2024.

In order to achieve the learning outcomes set out at point 2.2, the subject consists of the following thematic blocks. In the syllabi of the courses announced in each semester, these topics are scheduled according to the calendar and other conditions.