The pages in this dimension illustrate the importance of economics in the preparation of development plans and structure plans, with a focus on the economic aspects of security threats in an urban environment. The aim of these pages is that all planners and other professionals involved in preparing structure plans or activity centre plans, and those involved in development applications for retail, industrial and residential projects, learn about:
- The key economic fundamentals associated with urban planning and security (e.g. types of economic impact, supply and demand, socio-economic output, labour and property markets).
- The complex relationship between a function of an urban object (e.g. mobility, commercial or residential) and its economic and financial spin-off for owners, users and others.
- To understand the value added of economic research with regard to security in urban environments and to recognise when to seek specialist economic assistance.
- The tools used by economists in assessing urban development applications and economic impact of crime and terrorism (e.g. estimation of economic impact, assessing the employment generation, etc.).
- To understand the key components involved in preparing economic impact assessments (investment, employment, net public income).
- Economic impact
- Economic output
- Economic tools
Note: To estimate the above mentioned economic impact of existing or newly developed urban objects/environments, threats and measures, economists use several economic tools that measure the economic output such as business output, wealth, total employment, etc. (the measurable part of economic effects).