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Exam2 Review
Course: ECON 2100, Spring 2010School: UGA
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2100 Spring ECON 2010 Exam 2 Review Guide Exam 2 is Monday, March 22 and covers chapters 5, 6, 7, and 8 plus Case Study #4, China and Emerging Nations. The exam is approximately 30-35 questions, all scantron. Chapter 5 Economic Incentive Models Pollution Charges, subsidies Pigouvian Taxes, Pigouvian Subsidies Emission Charges (Single and Multiple Polluters) Deposit/Refund Schemes Pollution Permit Scheme...
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2100
Spring ECON 2010
Exam 2 Review Guide
Exam 2 is Monday, March 22 and covers chapters 5, 6, 7, and 8 plus Case Study #4, China and
Emerging Nations. The exam is approximately 30-35 questions, all scantron.
Chapter 5
Economic Incentive Models
Pollution Charges, subsidies
Pigouvian Taxes, Pigouvian Subsidies
Emission Charges (Single and Multiple Polluters)
Deposit/Refund Schemes
Pollution Permit Scheme
Chapter 6
Voluntary versus Involuntary Risks
Hazards and Exposure
Risk Assessment (4 Steps Hazard Identification, Dose Response, Exposure Analysis,
Risk Characterization)
Management Risk Comparative Risk Analysis, Risk Benefit, Benefit Cost
Chapter 7
Incremental Benefits (Primary versus Secondary) MSB and TSB Functions, Graphs
User versus Existence Value
Physical Linkages Damage Functions
Behavioral Linkages Political Referendum, Contingent Valuation, Averting
Expenditures, Travel Cost, Hedonic Price
Others: Statistical Life, Cost of Illness, Wage Studies
Chapter 8
Explicit versus implicit costs, social costs
Incremental Costs (Explicit versus Implicit) MSC and TSC Functions, Graphs
Engineering versus Survey Approach
Costs by Sector
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