REGIONAL ECONOMICS - BMEGT42A012

The aim of the course that students become familiar with the basics of regional economics, experiences from local and international practices, challenges of regional economics and its main areas, main topics of applied regional economics and regional development.

1. Familiarized with the location choice theories (regional microeconomics);
2. Familiarized with theories describing the various development paths of regional economies (regional macroeconomics);
3. Familiarized with policies aim to enhance territorial convergence, the phenomena of territorial develop-ment and modes to decreasing territorial inequalities;
4. Familiarized with European cohesion policy and Hungarian spatial development perspective;
5. And finally comprehend the theories of various scientists, economists awarded by Nobel prize award and the effects of their theories in practice.

1. The student is able to analyse the macro-environment of a town/ city;
2. Analyse the effect of various economic policies to regional growth;
3. Analyse the effect of various economic policies to decrease regional inequalities;
4. Asses the effects of international, national economic, social processes to localities,
5. Comprehend the local effects and answers to global shocks,
6. Assess the factor endowment structure connected to regional development,
7. And capable to report about the themes listed above both for scientific and every-day people.

1. Cooperation with other peers and lecturer;
2. Continuous learning;
3. Openness to use IT tools;
4. Positive attitude towards complex systems;
5. Has aspirations toward reducing different inequalities within the society; commitment to take decisions from social well-being and sustainability perspective.

1. Capable for individual analysis in relation to regional economics,
2. Open to receive both positive and negative feedbacks;
3. Capable for teamwork, ready to cooperate;
4. Apply system-thinking;

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

• Illés Iván: Regionális gazdaságtan, területfejlesztés. Budapesti Műszaki és Gazdaságtudományi Egye-tem. 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,
• Lecture slides.

The assessment of the learning outcomes formulated in point 2.2. is based on: 1. 2 mid-term written performance measurements: two summative performance assessment (mid-term exams); 2. 4 facultative homeworks to register mid-term progress with continuous feedback from the instructor through supportive assessment of ongoing development (formative assessment).

1. summative performance assessment: a complex, written way of evaluating the competence-type competence elements of the subject and knowledge in the form of mid-term exams. The successful writing of the exam requires the correct interpretation of the concepts with the help of the acquired knowledge, as well as the knowledge of the application areas of sustainability analysis methods (including environmental evaluation). The part of the learning materials on which the evaluation is based refers to the topics covered in the previous lectures, the available working time is 30 minutes. 2. formative assessment: homeworks to register mid-term progress with continuous feedback from the instructor through supportive assessment of ongoing development; it is the lecturer determines the topics and deadlines

• 1st summative performance assessment: 50%
• 2nd summative performance assessment: 50%
• First formative assessment: 5%
• Second formative assessment: 5%
• Third formative assessment: 5%
• Fourth formative assessment: 5%
• total: 100%

1. From the two summative performance assessments each ones could be retaken or corrected. 2. The summative performance assessments could be retaken or corrected once free of charge during the repeat period. In case of correction the new result always corrects the previous one. 3. A retake, repeat of one summative assessment is allowed for a second time upon payment of a special charge defined in this Code of Studies and Exams of BME.

In relation to the learning outcomes listed at section 2.2 the course covers the following topics. During certain semesters these topics are scheduled according to the given circumstances.