lecture_0125

lecture_0125 - Economics, Ethics and the Environment:...

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EES 103 25 JANUARY 2011 Economics, Ethics and the Environment: Values and Choices
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Economic Influences Actions people choose to make Vs. Actions people are forced to make Be sensitive to the difference.
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Economics Root Definitions Economics Goods Services
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Ecosystem services Definition : An essential service an ecosystem provides that supports life and makes economic activity possible. Small group brainstorm: What are some ecosystem services?
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Assumptions of classical economics Resources are infinite or substitutable. Growth is good. Long-term effects should be discounted. Costs and benefits are internal.
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Cost-Benefit Analysis Definition Challenges Values that are hard to quantify Values that are ignored
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Definition Expressed vs. revealed preference Clicker poll: How much would you pay as a park entrance fee for a weekend in the Adirondacks? A:
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lecture_0125 - Economics, Ethics and the Environment:...

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