Regional Input-Output Models: Analyze Local Economies

Understanding the complex web of economic activity within a region is crucial for effective planning and policy-making. This course provides a foundational framework for analyzing how different sectors interact and contribute to local growth. By the end of this course, you will be equipped to systematically break down regional economies, identify key drivers of growth, and project the impact of various economic changes, enabling you to make informed decisions for urban and regional development. What you'll learn: Understand the fundamental concepts of regional economic accounting and inter-industry linkages. Construct and balance basic input-output tables for a regional economy. Interpret the direct, indirect, and induced economic effects derived from input-output models. Analyze commodity flow tables to trace goods and services within and between regions. Apply the input-output framework to evaluate policy impacts and regional development strategies. Understand the data requirements and limitations of input-output analysis in a modern context. The course begins with foundational economic principles, progressing through the step-by-step construction of input-output tables, their analytical applications, and discussions on their practical use in contemporary regional planning. This course is designed for beginners interested in urban planning, economic development, public policy, or regional analysis, with no prior knowledge of input-output modeling required. Start your journey to becoming proficient in regional economic analysis today.