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picture1_Economics Pdf 125409 | 777lect1


picture2_Economics Pdf 125409 | 777lect1 picture3_Economics Pdf 125409 | 777lect1

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File: Economics Pdf 125409 | 777lect1
Lecture # 1 -- What is Environmental Economics? I. What is Environmental Economics? • Economics is the study of the allocation of scarce resources. o Note that the theories of ...

icon picture PDF Filetype PDF | Posted on 11 Oct 2022 | 2 years ago

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...Lecture what is environmental economics i the study of allocation scarce resources o note that theories can be applied to any resource not just traditional commodities simply about profits or money it applies anywhere constraints are faced so choices must made economists how incentives affect people s behavior and natural application principles developed managed provided by nature divided into increasingly smaller units allocated at margin indivisible serve as inputs economic system affected e g pollution ii why analysis valued in policy process ngos need able speak language general prices reflect relative scarcity goods however markets thus often do exist our goal apply tools problems aspects make unique market failures when government intervention may appropriate dynamics decision consume a good today typically does ability tomorrow use will available influence this higher both provide conserve encourage exploration for new sources development technologies better obtain irreversibili...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 11 Oct 2022 | 2 years ago
										
										
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