Foundations of Economic Development Research: Introduction to Regional Analysis Methods

Course Introduction: Overview, Format, and Objectives
Course Welcome and Introduction
3 Modules
How to Navigate this Course
Overview of Course Content and Objectives (VIDEO)
Glossary of Economic Research Terms and Techniques
Laying a Foundation for Economic Modeling
Defining and Measuring Your Regional Economy
4 Modules | 2 Knowledge Checks
Measuring the Regional Economy: Specialization and Diversity (VIDEO)
Further Exploring Location Quotient
Exercise: Use Location Quotient to Understand Regional Specialization
Use an Interactive Map to Explore Location Quotients
Exercise: Determine a Regional Industry’s Location Quotient (LQ)
Leisure and Hospitality in Orlando: Check Your LQ Calculation
Modeling Your Region's Economic Activities
3 Modules | 1 Knowledge Check
How Economic Base Theory is Used to Model a Regional Economy (VIDEO)
Economic Base Theory: Using Multipliers to Predict Regional Economic Impacts (VIDEO)
Exercise: Estimating the Export Base and Region-wide Multiplier for a Region
Calculating a Region-wide Multiplier
Methods for Researching the Competitive Strengths of a Region
Understanding Business Location Decisions and Evaluating Competitive Strengths
2 Modules
How to Conduct Competitive Market Intelligence Research (VIDEO)
Exercise: HQ2 and You – Analyzing Amazon’s Request for Proposals (RFP)
Workforce and Growth: Using Data to Tell Your Region's Labor Market Story
Using Data to Answer Questions About Your Local Workforce
2 Modules
Researching and Analyzing Your Region’s Labor Market (VIDEO)
Exercise: Which Labor Market Data Source Would You Use?
Analyzing Growth Trends in Your Region's Industries
3 Modules
Using Shift-Share Analysis to Reveal Your Most Competitive Industries
Demonstration: The Shift-Share Analysis Technique
Exercise: Performing a Shift-Share Analysis for a Region
Mapping Industry Clusters, Analyzing Interdependencies, and Identifying Targets
Understanding the Concentration of Related Industries in Your Region
2 Modules
Analyzing and Mapping a Region’s Industry “Clusters” (VIDEO)
Activity: Exploring Pre-defined Clusters Using Clustermapping.us
Using Value Chain Mapping to Analyze Linkages and Interdependencies
2 Modules
Recognizing Inter-industry Linkages and Value Chains (VIDEO)
Optional Exercise: Research “Links” in a Value Chain
Using Cluster Analysis to Identify Targets for Industries in Your Region
1 Module
Understanding Your Targets
Tools for Evaluating and Communicating Economic and Fiscal Impacts
Conducting Economic and Fiscal Impact Analysis
3 Modules
Principles of Economic and Fiscal Impact Analysis [VIDEO]
Case Study: Economic Impact of the Coal Industry in Pennsylvania
Case Study: Fiscal Impacts of a Mixed-Use Development in Northern Virginia

Calculating a Region-wide Multiplier

Foundations of Economic Development Research: Introduction to Regional Analysis Methods Modeling Your Region’s Economic Activities Exercise: Estimating the Export Base and Region-wide Multiplier for a Region Calculating a Region-wide Multiplier

Time for a quick knowledge check! Did you calculate the regional multiplier correctly? Select your answers on the next screen.

Note: If you enter the incorrect answer, you’ll get a little hint to help you check your work.