Environmental economics

Unit 1: Environmental Economics

Economics ,[object Object],[object Object],[object Object]

Types of modern economies ,[object Object],[object Object],[object Object]

Government roles in a market economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Conventional view of economic activity ,[object Object]

Environment and economy are linked ,[object Object],[object Object],[object Object]

Environmental view of economic activity ,[object Object]

Ecosystem goods and services (KNOW THIS!) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Classical economics ,[object Object],[object Object],[object Object]

Neoclassical economics ,[object Object]

Marginal benefit and cost ,[object Object]

Precepts of neoclassical economics ,[object Object],[object Object],[object Object],[object Object],Each of these can contribute to environmental problems.

Precepts of neoclassical economics ,[object Object],[object Object],[object Object]

External costs… Ex: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

External Costs… ,[object Object],[object Object]

Precepts of neoclassical economics ,[object Object],[object Object],[object Object],[object Object]

The World economy is 7 times the size it was 50 years ago! ,[object Object],[object Object]

Criticism of neoclassical economics: ,[object Object],[object Object]

Why have past “Cassandras” been wrong? ,[object Object],[object Object]

Economists disagree on whether economic growth is sustainable . ,[object Object],[object Object],[object Object],[object Object]

Steady-State Economies ,[object Object],[object Object],[object Object]

Steady-State Economies ,[object Object],[object Object]

Will an end to growth result in an end to the rising quality of life? ,[object Object],[object Object]

Spending more money, but are our lives really that much better?

Strategies for Sustainability ,[object Object],[object Object],[object Object]

Assign Values to Nonmonetary Items ,[object Object]

Market failure ,[object Object],[object Object]

Alternative methods ,[object Object],[object Object]

Environmental economics

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Environmental economics