Description
In economics, an input-output analysis is a quantitative economic model that represents the interdependence between different sectors of an economy or different regional economies. Wassily Leontief (1906–1999) earned the Nobel Prize in Economics for his development of this model. This technique forms an essential part of calculation in the UK National Income Accounts. In this module, you will learn the basic framework of input-output model. The model is used to analyse the environmental impacts of economic activities and estimate energy use and carbon emissions of construction industry from life-cycle perspective. This module aims to introduce the theory of input-output analysis and its applications in estimating environmental footprint.
Students will be provided with:
- Brush-up of matrix algebra
- Basic concepts in input-output modellingÌý
- Technical coefficient
- Total requirement coefficient
- Leontief inverse
- Environmental footprint using input-output modelling
At the end of the module, students will be able to:
- Use Excel for matrix algebra
- Understand interdependencies across sectors and regions
- Analyse the environmental impacts of construction from life-cycle perspectives
- Apply input-output analysis to a case study
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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