103+Lecture+13 - Economic Geography Geography 103 20...

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Economic Geography Geography 103 20 October, 2011
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Economic Geography: Economies are Spatial Economics : How goods & services are produced, distributed, financed, sold, and consumed Economic Geography : How economic activities are stretched over the earth’s surface At various spatial scales, ranging from the local to the global How they change over time and space
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Maine’s Labor Markets Market : an area in which a commodity may be sold at a profitable price Labor Market : Labor is the commodity being sold by workers
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Geography & Neo-Classical Economics Based on individual decision-making of rational actors to maximize self-interest Competing land uses generate a profit- maximizing surface Land values decline with distance from the Industrial Location Theory: Firms locate in places that minimize their total transportation costs
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Central Place Theory German geographer Walter Christaller, 1933 A model of city systems that posits them as retail centers (central places) that distribute goods and services to
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Central Place Theory Presupposes flat, homogeneous spaces with an evenly distributed population & resources Holds up remarkably well in these kind of agricultural areas
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Marxism : emphasizes the role of social relations, historical context, and political power—not simply individual decision
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103+Lecture+13 - Economic Geography Geography 103 20...

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