Economics-QA136

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Assignment 3: Economic Analysis

 
1. a. Analyze the economy composition of your county using the 2-digit NAICS employment data from 2000 to 2010.
 

b. Note the areas of the economy in which your county is stronger, weaker or the same in relation to the Michigan and US economies.
c. Track the how the various sectors of your county economy performed between 2000 and 2010 in terms of employment. Did the sectors do well or noted. Note sectors of the economy would you recommend paying attention to, and why?
 

2. a. Analyze employment change of your county between 2000 and 2010
 

b. Identify the various sources of the change and interpret the implications of those changes for your county’s economy.
c. Make recommendations for economic development of your economy.

 

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3. a. Conduct an economic base analysis on your county using the data that you collected for the economy composition analysis
 

b. Use the assumption and the location quotient methods to determine your basic and non-basic sectors
c. Calculate the Base Multiplier
d. Use the multiplier to project the total number of jobs that would be created if 2000 new jobs were to be created in your base sector
 
4. Use the above results to write a professional report on the economic profile of your county.
 
Product code: Economics-QA136
 

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