Urban economics and planning integrate economic principles with strategic city development to optimise urban functionality, sustainability and livability. This multidisciplinary field merges economics, urban planning, public policy and geography to address the complex dynamics of cities. Key components include analysing land use patterns, housing markets and transportation systems to enhance efficiency and accessibility. Urban planning focuses on sustainable development practices, smart city initiatives, and creating vibrant public spaces that foster community engagement. Challenges such as rapid urbanisation, climate resilience and social equity are approached with innovative solutions and data-driven insights. This book unfolds the innovative aspects of complex challenges and opportunities presented by urbanisation which will be crucial for the holistic understanding of the subject matter. While understanding the long-term perspectives of the topics, the book makes an effort in highlighting their impact as a modern tool for the growth of the discipline. For all those who are interested in the economic analysis and strategic development of urban areas, this book can prove to be an essential guide.