SITE MAP	SUPPORT	LIBRARY	E & B GEOG	RESOURCES	A-Z INDEX
GLOSSARY	PASSWORD	350 PAGE	CALENDAR	ECON NEWS	EXERCISES

Geography 350: Week 5

(http://faculty.washington.edu/krumme/350/01F/week5.html)

Week 5: Regions as Open Systems: Local Economies and Globalized Systems of Division of Labor: Information Flow Accounts (?) || Balance of Payments || Economic Base || Multipliers || A Local Economic Model

• Interested in how you are doing in Geog.350 (before the next Quiz)? Send GK an Email asking for feedback (thereby authorizing him to send the feedback by Email).
• State Economy Continues to Decline PI, Oct 26, 2001. The Washington state economy slipped into a slower gear last month, as the state Index of Leading Economic Indicators hit its lowest point in six years. The index -- a mix of seven pieces of economic data --
  1. Weekly hours in manufacturing
  2. Aerospace employment
  3. initial claims for unemployment insurance
  4. housing permits
  5. Seattle Times help-wanted index
  6. "trade-weighted dollar"
  7. U.S.leading indicators
  fell to 97.7 in September from 98.6 the month before, and 105.1 in January, according to data released by the Office of the Forecast Council yesterday. The decline reflects, in part, regional and national economies struggling with the economic stall that immediately followed the terrorist attacks Sept. 11 and the continuing fallout.

• Midterm Quiz
  1. 20 minutes: 15 minutes: 1 Essay (Open-Notebook [1 Ringbinder and/or YOUR (own) Webpage]), 5 minutes: Definitions.
  2. Resources:
     • Old tests
     • Some Ideas for Writing a 15 minute-Essay Examination....

• Exercises for the next two weeks: You have some choice: Hand in one exercise on Nov.1 and the other on Nov.8
  1. Resource Page: Second Stage (Questions?) The second stage of your evolving resource page should comply with the following "minimum requirements':
     1. a title (in addition to the subtitle: "Resource Page")
     2. At least 15 source-references (incl. the original six)
     3. Should have at least three subheadings (differentiating between subgroups of source references)
        [for example]
        1. My topical area of interests
        2. My Region: qualitative background (incl. academic sources)
        3. My Region: Data Sources
        Each of your subgroups should be introduced by a couple of sentences.
     4. At least 10 of the reference citations should be annotated.
     5. Complete citations.

  2. Shift & Share Exercise: Questions?

• Regions as Open Systems: How do we account for important interregional interdependencies? (Introduction & Basic Concepts)
  • Discussion of Schaffer (Ch.2) readings
  • Basic Concepts & Terminology

• Due: either Shift and Share Exercise or Resource Page Stage II

• Economic Base Concept and Analysis -- Continued
  • Basic Relationships in the Economic Base Model (and Exercise)
  • What is a "Multiplier"?
  • Location Quotient Approach
  • Minimum Requirements Approach
  • Economic Base Multipliers
  • Economic Base (Employment) Multiplier
  • A simple model for a simple local economy (see handout)
  • B/NB Ratios & Multipliers found in the Literature
  • Income Multiplier Exercise
  • Space and Time in Multiplier Analysis
  • Impact Studies

• Readings for next week!