REAL 1820 Lecture Notes - Lecture 3: W. M. Keck Observatory

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Why do we study cities: personal job opportunities, etc, professional understanding cities and why they grow leads to better business decisions for real estate professionals. Characteristics of a city: a dense, highly populated collection of inhabitants (population density, a few of citizens make living from agricultural activity (not farmers, complex / hierarchical social and economic relationships (different tiers and ranks) Location quotient steps: calculate two proportions, industry population / total population of location, ie. (3000/75000 = 4%) (13000/1300000 = 1%, divide proportions, lq = 4% / 1% = 4. 0, higher than 1. 0 therefore an export sector. Analyzing how the export sector makes the city grow: employment multiplier = (cid:2930)(cid:2925)(cid:2930)a(cid:2922) e(cid:2923)(cid:2926)(cid:2922)(cid:2925)(cid:2935)(cid:2923)e(cid:2924)(cid:2930) i(cid:2924)c(cid:2928)ea(cid:2929)e e(cid:2934)(cid:2926)(cid:2925)(cid:2928)(cid:2930) e(cid:2923)(cid:2926)(cid:2922)(cid:2925)(cid:2935)(cid:2923)e(cid:2924)(cid:2930) i(cid:2924)c(cid:2928)ea(cid:2929)e, population multiplier = (cid:2930)(cid:2925)(cid:2930)a(cid:2922) (cid:2926)(cid:2925)(cid:2926)(cid:2931)(cid:2922)a(cid:2930)i(cid:2925)(cid:2924) i(cid:2924)c(cid:2928)ea(cid:2929)e e(cid:2934)(cid:2926)(cid:2925)(cid:2928)(cid:2930) e(cid:2923)(cid:2926)(cid:2922)(cid:2925)(cid:2935)(cid:2923)e(cid:2924)(cid:2930) i(cid:2924)c(cid:2928)ea(cid:2929)e, implications: one worker hired by the export sector. Export employment increase = new hires for specific job. Total employment increase: new hires for all sectors.

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