This test has three parts (Time for the in-class portion will be limited to a maximum of 60 minutes)
PART II (you may use your notebook) (30 minutes)
Select ONE of the following questions for an "in-depth" analysis:
1. You have read Shaffer's ch6. ("Central Place Theory and Market Analysis") and have learned in class the basics of local/regional multiplier analysis. Now it is time to move those two areas closer together by asking the question:
What can Central Place Theory or other "spatial concepts" and geographic insights contribute to our understanding of local economies. More specifically, how can a spatial dimension be incorporated into multiplier analysis and thereby provide spatially more differentiated multipliers and account for geographically more discrete multiplier effects?
2. Write an essay on "Telecommunications and Local Economic Interdependence Multipliers". Why should regional analysts who have relied on multiplier tools in their past work, take note of any (which?) significant changes which may have occurred in the local economy due to the information and telecommunications revolution? In addition to conveying your understanding of local multiplier analysis, your task would be to develop links between multiplier analysis and telecommunications and other information processes drawing, for example, on insights gained from our on-line discussion of telecommunications issues in this class.
3. (Recycled) In class, we have often referred to the concept of "complexity" and how different approaches recognize different types and degrees of real-world complexity. How would you go about reconciling the divergent needs of the local economic analyst:
(a) To differentiate components of the local economy and recognize interdependence between diverse components, on the one hand, and
(b) To aggregate or simplify or see "common threads" and use simple, relatively aggregate "technical coefficients" or "regional coefficients" or "multipliers", on the other.
In other words, develop some criteria or guidelines for a compromise, i.e. for the right level of aggregation or differentiation used in the analysis of small regions. Do not hesitate to use interdependence tools of your choice as part of examples for the general arguments you are making. [Do not select this question, if you have already answered the earlier version and feel that you cannot add any substantially new ideas]
4. Instead of "putting space into local multiplier analysis" (as question #1 is trying to do) let's think about the role of time. Multiplier effects are taking place in real time(s), just as they are happening in real space. What is gained by distinguishing between "short-run" and "long-run" multipliers and multiplier effects? Does the paper by Helfgott ("On the Demise of the Long Run") shed any light on this particular question?
PART III: Take-Home. (40%, 20% each section) [This part of the midterm is optional in the sense that you may already have accomplished it (or were planning to do so].
1. Finish all outstanding exercises, including putting the "final touches" on them (examples: making sure all your calculations are correct or: reconsidering your answer to question 2 of the multiplier exercise;). The interpretations of your results are as important as the actual calculations. Such interpretations should generally include the identification of any crucial assumptions you are making (or you were implicitly or explicitly asked to make) and the general effects such assumptions have on the results). In the case of shift/share analysis, the interpretation should also refer to the important (!) distinction between differential and compositional effects. And do not forget: You may use literature for these assignments!
2. Write an introduction (300 words minimum) to your "Resource Page". Consider to include the following suggestions:
Once you are finished with everything, you may want to send me an Email message with a listing of important changes you have made to your Web pages -- just to make sure that I have recognized them all. Except for this Email listing, all additions and changes should be made directly to the Web pages in your own Web/Saul account. (In other words, I do NOT accept Email submissions of assignments any longer!).
Should you insist on "paper" submissions, any revisions or improvement can receive credit only if the entire exercise which has been changed is resubmitted . In addition, "paper" submissions of the "Resource-" and "Online discussion" exercises can (for obvious reasons) receive full credit only if such paper versions are/were distributed to everyone in our class at the time they are/were due, i.e. sufficiently early so that they could have been considered for subsequent discussion rounds and final write-up.
I want to remind you again that there is scheduled help available for your Web page work (Tuesdays and Thursdays from 3:30-4:20). Feel free to contact Wayne Brewer directly by E-mail (wbrewer@u; please with a "cc" to me) and to try to make other arrangements if you are absolutely unable to use this help during these times. I am standing by to assist as well!