AEM 250 - 1 - 1. I = PAT Pollution = population x...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1. I = PAT Pollution = population x output/population x pollution/output 2. Traditional economic-based policy a. Anthropocentric b. Growth c. Fungibility d. Optimistic e. Discounting 3. Ecologic based policy a. Biocentric b. Sustainability c. Limits on Substitutability d. Pessimistic e. Rights to future generations 4. Ecological economics – an attempt to help rectify the tendency to ignore humans in ecology and natural world in social sciences. Commitment among economists, ecologists and others. 5. Allocation – relative division of resource flow among productive uses. Tied with efficiency. 6. Distribution – division of resource as embodied in final goods and services among alternative people. Tied to equity. 7. Scale – volume of flow of energy. 8. 2 types of decision makers – households and firms 9. 2 types of markets – for goods and services, for factors of production 10. GDP = C + I + G + NX 11. NDP = GDP – depreciation or consumption of fixed capital 12. Natural capital – whole endowment of land and resources available to us that make economic activity and life possible.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
13. Standard national accounts and economic framework focuses on measuring well-being in
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/22/2009 for the course AEM 2500 taught by Professor Poe,g. during the Spring '07 term at Cornell University (Engineering School).

Page1 / 3

AEM 250 - 1 - 1. I = PAT Pollution = population x...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online