Modern Urban and Regional Economics, Second Edition, explains the spatial economic foundations of the behavior of urban and regional economies, highlighting the differences between the two types of economy. By employing an explicitly spatial approach, author Philip McCann is able to discuss both urban and regional economics within a single integrated framework. He presents clear, model-based explanations from first principles and also provides extensive graphic illustrations of the theories discussed. Covering classical approaches along with the latest models, this unique text helps students gain a thorough understanding of both basic analytical techniques and the most state-of-the-art thinking in the field. Technical appendices to each chapter allow students to further investigate the main principles and theories discussed in the text