Economic tools

Economic tools

Economic tools (or tools of economic analysis) facilitate the preparation of a robust urban plan that encourages economic development in a way that is conducive to and compatible with sustainability objectives. Put differently, they influence the way planned urban objects and urban environments are going to be shaped. Furthermore, economic tools are applied to measure the economic impact of existing urban objects. In essence, they are urban planning tools (though not solely used by urban planners).

Relevance for the Urban Planner

Knowlegde about some frequently used economic models can help the urban planner to systematically survey all the relevant (socio-economic) impact caused by an urban development AND security threats. This insight will help the responsible urban planners to make the best choices from an socio-economic point of view.

Users of economic tools

Economic tools can be used by economists (specialists) but also by specialized is an attribute of::urban planners in socio-economic appraisal.

Types of economic tools

Urban planning processes employ a host of economic tools/models:

• Social cost-benefit analysis
• Input-output analysis
• Economic impact study
• Business case
• Other economic tools

See also the clickable map below:

MAP

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