Economic Base Analysis of a Local Community

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Economic Base Analysis of a Local Community

In this assignmentstudents are expected to write a short report to profile a local community’s basic vs. non-basic sectors. Use the same county that you selected for your first assignment. The report should follow the structure indicated below and must have an electronic copy submitted to Canvas. All the student assignments are subject to check for originality.

All the charts, tables and maps should be sequentially numbered and named (e.g. Figure 1: Racial composition of the county; Table 1:Historicpopulation counts, etc.). Sources of the data should be properly credited following the charts/tables/maps. Sparely cite the charts/tables/maps from other sources and create them yourself if possible. Use APA citation format for all your references. Use 1.15 line spacing and appropriate font types. Either landscape or portrait page orientation is acceptable.Organizethe tables, graphs, maps, and the text in a way that isnethercluttered nor with too much space. Align your texts, tables, graphs, maps, and the text. Insert page numbers. Use headings and subheadings, which will be useful for creating the Table of Contents automatically. Headings and subheadings should be stressed with either bold, larger font sizes, differentcolors, or a combination of these techniques. Maps should have all the map elements, such as the map itself, legend, north arrow, scale bar, creator, and creation date. Page margins should be 1” all around. You can use Microsoft Publisher or Photoshop Illustrator to format your report if you choose to do so. Otherwise, please submit a Microsoft Word or Adobe pdf file to Canvas. Adobe pdf files are highly suggested since Word files sometimes shift when opening in a different version, different computer, or different operating system.

Learning objectives of the assignment:

Format and techniques of professional report writing

The use of secondary data sources in profiling a local community

Basic techniquesincreating professional charts and tables

The calculation of Location Quotients to measure economic strength of an area

Structure of the report:

1. Cover page: topic, student name, course name and number, date

Topic: e.g. Economic Base Analysis of Palm Beach County, Florida

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2.Table of Contents, List of Tables, and List of Figures

3.Executive Summary: main findings should be in this section.

4.Introduction

Briefly introduce the county’s economic characteristics. Then mention that you will focus on economic base analysis by using the Census data. Explain your methodology.

5. Economic Base Analysis

5.1 Calculate the percentage share of employment for each industry among total employment at the county and state levels. Create two radar/rose diagrams to delineate the shares at both the county and the state levels. Include the charts in your report and describe your findings and comparisons.

5.2.Calculate the percentage share of annual payroll for each industry among all industries at the county and state levels. Create two radar/rose diagrams to delineate the shares at both the county and the state levels. Include the charts in your report and describe your findings and comparisons.

5.3.Calculate the annual payroll per employee for each industry at the county and state levels. Create a clustered bar chart to delineate the annual payroll per employee for each industry at the county and the state levels. Include the chart in your report and describe your findings and comparisons.

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5.4.Create a few new worksheets and organize your county and state data in Excel based on the Excel file “Assumption and LQ Model”. Calculate the basic employment of the county based on Assumption approach, Location Quotients approach, and Simple Combination approach. Create a radar/rose diagram of the LQs for each industry in the county. Explain what the LQ means for each industry. Include all three tables (assumption, LQ, and simple combination) and the LQ chart in your report.

5.5.Calculate the employment base multiplier for the county based on the simple combination approach. Explain what it means.

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