Lösch Model

• Range of the good
• Market Threshold
• Threshold Range

Hotelling model

• Spatial (economic) Equilibrium
• Social Equilibrium

Product Life Cycle Model

Assignment for Next Time:
Read pp. 173-185 Come to class with a basic understanding of the following concepts: integration or diversification, internal vs. external strategies for growth, backward integration, forward integration, organizational structure, functional orientation, product orientation, geographic orientation, customer orientation, forces of production, social relations of production, mode of production, surplus value, Kondratiev cycles, the fifth wave?, geography of business cycles, the state and economic geography.