URBS 240 Study Guide - Midterm Guide: Geografiska Annaler, Urban Growth Boundary, Fernwood Publishing

• School: Concordia University
• Department: Urban Studies
• Course: URBS 240
• Professor: norma rantisi

Document Summary

For multiple choice, true/false questions and short answer, you may be asked about the following concepts or issues: Know the key neo-classical assumptions about markets (as discussed in class) Some key neoclassical assumptions: i. ii. fully-informed, rational actors (producers, users) constant returns to scale (in production) increase in outputs proportional to increase in inputs iii. isotropic plane. What is overlooked: geographic unevenness - how the properties of places can shape their economic evolution. Increasing returns to scale ( scale economies"): increase in outputs is greater than increase in inputs. What is the difference agglomeration economies (localization, urbanization & activity-complex) Localization economies: benefits that arise from spatial concentration of firms in the same industry. i) ii) shared intermediate inputs labour pooling iii) knowledge spillovers. Urbanization economies: benefits that arise from spatial concentration of a diversity of industries iv) shared intermediate inputs v) diversified labour pool vi) exposure to different ways of doing things.