QUIZ #2 (450/99)


You have two choices:

A (Select 2)

Define the terms or concepts contained in the questions, explain the difference between two concepts (where appropriate), and then account for the theoretical role of two (2) of the listed concepts or constructs:

In other words:

  1. What is it?
  2. Where does it come from? (where appropriate)
  3. What is it supposed to accomplish (in the context of location theory or economic geography)?

This second quiz serves again multiple functions, namely to identify your semantic, conceptual and theoretical understanding of some "words" we have used to get our ideas across. Thus, please make an attempt to go beyond the (necessary) definitional stage and convey, in your own words, your understanding of the role of the concept in question for the derivation of theoretical insights, in the original context in which the concept was presented, and/or in the context to which you suggest to apply it. Do not hesitate to introduce other related concepts (and their meaning) if you feel they are useful to differentiate (sharpen) the meaning of the focal concept or to explain other important relationships between the focal concept and its conceptual and theoretical "hinterland".

or: B (Select 5)

Alternatively, define five concepts (as completely as you have time for).


Concepts or Constructs or Questions: Select 2 (1 from each group) or 5 (at least 2 from each group)

  1. Group 1: (mainly from readings)
    • Transaction Cost Model
    • Bounded Rationality
    • Product Cycle (or Product Life Cycle)
    • Difference between (Location) "Factors" and "Conditions"?
    • Difference between Labor Segmentation under Fordism and Labor Segmentation based on Flexibility

  2. Group 2: (mainly from class meetings)
    • Three Causes for Uncertainty
    • Maximin/minimax (Wald) Strategy
    • Expected Payoff (or Value) Maximization Principle
    • Environmental Turbulence
    • Garbage Can Model of Organizational Choice