outline09 - Chapter 9 Urban and Regional Economics Lecture...

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Chapter 9 Urban and Regional Economics Lecture Outlines Economic Factors Influencing the Growth and Decline of Cities Determinants of a community’s comparative advantages o Transportation facilities o Educational facilities o Created environment o Natural resources o Climate o Labor force o Leadership Concept of an Economic Base Export activities o Agriculture, manufacturing, mining, and wholesale trade Population serving activities o Construction, public utilities, retail trade Analyzing Local Real Estate Demand Short-run demand issues o Current supply of real estate improvements o Current industrial structure o Recent changes in the local economy o Likely economic changes in the near future Long-run demand issues o Long-run economic prospects for the local economy o National and regional trends likely to affect the local economy o Likelihood of new firms coming into the area The Bid-Rent Curve and the Concept of Highest and Best Use land rent—the return that a particular parcel of land will bring in the open market
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This note was uploaded on 02/06/2009 for the course FIN 241 taught by Professor Sinow during the Spring '09 term at University of Illinois at Urbana–Champaign.

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outline09 - Chapter 9 Urban and Regional Economics Lecture...

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