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Suppose that the town/county/region is expected to see an increase of 5% basic employment jobs in the near future. Assess the impact of the increase on the demand for real estate and estimate the new demand for housing.

Employment is the primary driver of real estate demand. Basic employment firms primarily export goods and services. Their activities create employment, and their employees in turn demand goods and services, which creates more employment. Thus, basic employment has a multiplier effect with which additional employment is created in non-basic employment firms that produce goods and […]

Why wholesale stores such as Costco need a lower safety stock than smaller stores such as Stop and Shop?

You consider reserving a campsite for the weekend. Should you make the reservation as soon as possible to have more choices, or as late as possible to ensure a nice weather? Given dynamic changes in demand for different majors and skills, how can you maximize the chance of choosing the right major? You are considering […]

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