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Geography 350: Week 6

(http://faculty.washington.edu/krumme/350/01F/week6.html)

Pre-Class Readings:

• Schaffer, Chapter 2
  • 2.5: Techniques for Calculating Economic Base Multipliers
  • 2.6: Critique & Evaluation of the Economic Base Concept

Optional Resources:

• Spatial Interaction, Transportation, and Interregional Commodity Flow Models; by David F. Batten and David E. Boyce, Handbook of Regional and Urban Economics Volume 1, Chapter 9 (Introduction only)
• 207 Review: Central Place Theory, Spatial Demand Function
• 207-Review: Stutz, The World Economy, pp.182-4.
• Chapter on Gravity model in: Taaffe & Gauthier, Geography of Transportation (1973 or 1996).
• etc.

• Congestion Inflates Local Cost of Living Washington Research Council, November 2, 2001 In recent years consumer prices have risen more rapidly in the Seattle area than in the nation as a whole. Seattle traffic congestion is notorious. In this brief we provide evidence that congestion is a cause of inflation on the local level. Over the last 17 years, increases in congestion may have added more than 0.5 percent per year to the Seattle area inflation rate.

• Midterm-Quiz - Return: Comments

• At the Quarter-Mid-Point: Review of 350 - Learning Objectives

• Quiz?

• Economic Base Multipliers - continued from last Thursday

• National Income and Products Accounts (NIPA) for the United States
• Table 1.1. Gross Domestic Product (at current prices)

• Reminder: Exercises can count only if and when they have been submitted on paper (all text type-written)!

• Due today: Shift & Share Analysis. [This assignment was extensively discussed in class on April 24] You had two choices:
  1. Numerical Exercise (possibly via Excel)
  2. Graphic Exercise (possibly via Powerpoint)

• Multiplier Assignment; due next Thursday! [Handout & Discussion]

• More on the Geography of Economic Base Multipliers
  • The University Model (Overheads): Insights from the Caffrey & Isaacs study ("Estimating the Impacts of a College or University on the Local Economy", on Reserve OUGL)
  • The Gravity Model
  • The Lowry Model

• Find an "Impact Analysis" for your (or a similar) region (and add it to your Resource Page!)
  • Impact Studies (Examples)

• Readings for next week!