What term describes the branch of economics that helps to understand how humans utilize space?

Urban economics is the branch of economics that specifically studies how individuals and groups use space in urban environments. It examines various aspects such as the location of businesses, residential areas, and the impact of policies on urban development and land use. By analyzing factors like supply and demand in urban settings, transportation costs, and accessibility, urban economics provides insights into how economic forces shape the development of cities, influence real estate markets, and affect the quality of life for residents. The focus on spatial relationships and urban planning sets this branch apart, allowing for a comprehensive understanding of the economic mechanisms in urban contexts.

Behavioral economics, on the other hand, delves into how psychological factors impact economic decisions but does not specifically address spatial utilization. Environmental economics focuses on the economic impact of environmental policies and the use of natural resources, while regional economics analyzes economic activity over broader geographical areas without the specific emphasis on urban spaces. Therefore, urban economics is the most suitable term to describe the study of how humans interact with and utilize space within cities.