AEDE 4310
Study Guide for Last Third of Course
Before beginning to work through this study guide, please note that:
 You ARE responsible for all material covered in class and on homework.
 Even if something is not on this study guide, if it was covered in class you are responsible for
knowing it.
 The FINAL EXAM is cumulative, but likely slightly more weighted towards this material.
Definitions
damage function; dose-response function; value of statistical life; morbidity; smart growth;
urban sprawl; brownfield; urban growth boundary; zoning; fiscal surplus; fiscal deficit;
substantive due process; segregated equilibrium; integrated equilibrium; stable equilibrium;
unstable equilibrium; urban heat island; mitigation; adaptation;
Questions
1.
What are the 4 steps to predict benefits for air quality improvements?
2.
Explain how the value of statistical life differs from the value of an individual’s life.
3.
What are 2 of the three ways we discussed to measure statistical life? Explain them.
4.
List the 10 principles of smart growth.
5.
Using the following graph, explain how an urban growth boundary lowers utility.
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10.
Who wins when an urban growth boundary is put in place? Who loses?
What are three types of barriers to smart growth?
Explain the origins of zoning and why it separates “incompatible” land uses.
Explain how apartments may lead to fiscal deficits and walmart may lead to fiscal surplus. Why
does this matter for policymakers?
How does zoning result in too much open space preservation? Use a graph to explain.
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14.
How did transportation influence early patterns of urbanization?
Using a graph, show the inefficiencies of the median voter dictating outcomes.
How does the Tiebout sorting model reduce the inefficiencies of the median voter?
Make sure you understand this graph:
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20.
Why do higher income households generally pay a higher rent premium than low income?
What are 5 causes of urban sprawl?
Explain why sprawl is a concern (talk about externalities).
Explain how climate is “the biggest market failure the world has ever seen.”
What are 3 of the 4 impacts we discussed related to climate change impacts?
Be able to classify things as mitigation or adaptation with respect to climate change.
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