PPM 603D

Introduction to Economic Impact Analysis

Spring 2000
1 Credit

49 Exeter Street
780-4008
CSC@USM.MAINE.EDU
www.muskie.usm.maine.edu/csc/homepage

Overview

This is a five week introduction to the practice of economic impact analysis, with a primary focus on the estimation of secondary and induced impacts from the construction and operation of new facilities such as office buildings, highways, power plants, etc. The focus of the course is on the basic theoretical approaches to regional economic impacts and the application of widely used economic impact analysis models.

NOTE: This course will require you to be able to access and run economic analysis software. The software will be available only in the Muskie School Student Lab on the 6th Floor of the Law School Building. Three assignments will be required, and must be completed within the one week available for each assignment.

Text: Readings Package (Available from the USM Bookstore)

"Regional and Inter-regional Input Output Analysis" in Isard, et. Al. Methods of Inter-regional and regional Analysis. (Ashgate, 1998) pp. 41-134.

"Economic Base Models" and "A Prototype Model" in Treyz, George Regional Economic Modeling: A Systematic Approach to Economic Forecasting and Policy Analysis. (Kluwer, 1993). Pp. 1-168.

Week 1 The Basic Theory of Regional Impacts

Topics: Economic Base Theory

Multiplier Analysis
Introduction to Input-Output Analysis

Readings; Treyz, Economic Base Models and "A Prototype Model"

Week 2 Input-Output Analysis and the Regional Purchase Coefficient

Topics: Input-Output Analysis
Regional Purchase Coefficients
The Five-Block Model
Introduction to REMI Software

Week 3: Exercise 1: REMI Analysis 1:

Week 4: Exercise 2: REMI Analysis 2

Introduction to IMPLAN

Week 5: Exercise 3: IMPLAN analysis .