The field of urban economics addresses a wide variety of questions and topics at the most general level the field introduces space into economic models and studies the location of economic activity. The department of urban studies and planning dusp is a department within the school of architecture and planning at mit it is comprised of four specialization areas also referred to as program groups city design and development environmental policy and planning housing community and economic development and the international development group. Economic value of urban parks driving economies one major city philadelphia experienced 16 million in annual public cost savings as a result of storm water management and air pollution reduction according to a 2008 report by the trust for public land center for city park excellence. The authors see urban management as a co production of governments business non governmental organizations and citizens and emphasize that urban economics and management can be analysed on various spatial levels from an area district to the metropolitan region and beyond including global city networks. Urban management an introductory note additionally global and regional economic development processes are affecting the viability and competitiveness of local economies that ultimately challenges the future of urban management becomes a function of the sustainability of
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