What are agglomeration economies and their import to real estate markets or development
Market Forces Part 1 Essay Assignment Instructions
Overview The two main forces identified by economists that lead to spatial concentration of jobs, are scale economies and agglomeration economies. With scale economies, also known as “economies of scale” or “increasing returns to scale,” business enterprises become more efficient at large scales of operation, producing more output per unit of input than at smaller scales. Agglomeration economies capture the benefits enjoyed by a firm when it locates amid other business enterprises.
Instructions
This essay has four Research Questions (RQs), for the first three RQs you must provide these three separate components: theory>research>analysis. Before answering these four RQs you should have completed the reading assignments for Week Four.NOTE: The more each student knows about the theory associated with each research question the more precise and in-depth the research agenda will become. In addition, a strong theory and research section will also guide the analysis section (the last section). The analysis section is where each student will thoughtfully contemplate the theory and research and then “analytically” connect the two. In your professional careers the analysis section will guide the company. In grad school your analysis section should be connected to your course.
RQ1: What are agglomeration economies and their import to real estate markets and/or development?
RQ2: What are “urban areas”? In a following section, please discuss the upsides and downsides of urban areas and what Real Estate developers need to do to improve urban areas.
RQ3: Why do cities exist?
RQ4: How does clustering of firms in cities increase employment?
Length of this assignment is minimum of five pages of text excluding title page and reference page(s).
Format of assignment is the most current APA Guidelines.
Number of citations required is eight, please provide at least two scholarly resources for each Research Question (RQ) and parenthetically cite within the text.
Acceptable sources are Scholarly Resources (regardless of the date of publication), Popular Sources, Professional Real Estate Trade Sources and Books/Book ChaptersNote: Your assignment will be checked for originality via the Turnitin plagiarism tool. Each student will have three draft attempts to earn an acceptable plagiarism score (<41%).Additional Notes:
– 5 Pages of Work Not including Cover Page and Reference Page
– 8 or More Citations (2 Scholarly resources for each Research Question)
– Please utilize the resources that are provided in the uploaded files
– Please review the Grading Rubric for specifics
Answer preview to what are agglomeration economies and their import to real estate markets or development
APA
2228 words
