Economics> Economics > Urban and Regional Clusters
Porter’s Competitive Advantage: Clusters
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Urban Economics Text: Economics Meets Geography
•Trading centers and factory hubs •Comparative advantage of regions –Based on productivity •Specialization –leads concentration of economic activity
Firm Location and Where Cities Develop
Greatest invention Economics aspects: Natural advantage; Created advantage; Productivity; Surplus; Public goods; Innovation; Exchange and specializtion.
Adam Smith and the Productivity Argument of Absolute Advantage
Six Key Concepts of Urban microeconomics: 1. Opportunity Cost 2. Marginal Principle 3. Nash Equilibrium 4. Comparative Statics 5. Pareto Efficiency 6. Self-Reinforcing Changes
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