Economics of the Twin Cities

These papers were written as a part of the class titled Economics of the Twin Cities created and taught by Macalester Economics Professor, Sarah West.

Situated at the confluence of two rivers, the Twin Cities has been a sacred gathering place for  centuries. St. Anthony Falls provided power for the region’s first lumber and flour mills and  attracted settlers who founded the city of Minneapolis, displacing members of the Dakota  community. Railroads enabled fast and cheap transport of agricultural products and generated  wealth still evident today in the grand houses lining Summit Avenue. The Twin Cities evolved  into a center for financial services, biotech, health care, education, and government, and is now  home to nearly twenty Fortune-500 companies. This robust economy attracts immigrants from  all over the world, whose entrepreneurial activity enriches neighborhoods like those  surrounding University Avenue and Lake Street. Yet Minneapolis-Saint Paul remains one of the  most segregated metropolitan areas in the United States. Gaps in educational outcomes  between white students and students of color are increasing. Many households struggle to find  affordable housing. While public transit systems are expanding, Twin Cities residents commute  almost exclusively by car, congesting roads and polluting the atmosphere. In this course, we will  examine these contradictions and realities by applying the tools of urban economics in the  classroom and in the field on class trips into the cities.