Lecture #3 - Property Rights and Market
Private Property Rights
Property rightsa bundle of entitlements
o Describe an owners rights, privileges and limitations for use of a resource.
o Government restricts use of private property
o Example - land
Lecture #5 - Global Warming
Global Warming and Climate Change
Greenhouse effect - As these gases accumulate in the atmosphere, they trap infrared radiation
(heat) that would otherwise escape into the earths atmosphere.
o The effect is natural.
o Without t
What is Ecological Economics?
Ecology- the scientific study of the distribution &
abundance of life & the interactions between
organisms & their natural environment
- relationships between living things and their ENV;
study or knowledge of the ecosystems
Lecture #2 - Growing Population and Economic
The Economic System
Starting with Physics
First Law of Thermodynamics - "The change in the internal energy of a closed thermodynamic
system is equal to the sum of the amount of heat energy supplied to or
Lecture #7 - Waste Disposal and Recycling
Economics of Waste Disposal
1. Waste disposal - collection, transport, processing, recycling and disposal of wastes
Waste disposal companies are usually owned or controlled by the local governments
Lecture #4 - Pollution
1. Precautionary Principle-there is much uncertainty about how much pollution is needed to damage
the environmental resources and to what degree.
Thus, we do not know what our current choices impact the futur
Lecture # 1 - Introduction to Environmental
and Natural Resource Economics
What is Environmental Economics?
Economics - is the study of choice under conditions of scarcity
o Economics can be applied to a variety of fields, not just traditional commodities
First Initial of surname !
Final Exam - Version A (KEY)
50 1 point questions
25 2 point questions
1. Fill in your name and EID.
2. Fill in your name and your EID on your SCAN
Topic 1: Introduction
Prof. S.M. Mostashari
Simple Circular Flow
Stocks vs. Flow Variables and 3 Important Applications
Savings and Wealth
Investment and Capital Stock
Government Deficit and Government Debt
Mr. Wussler AP Macroeconomics, Block 1
17 December, 2010
How Free Trade Can Improve Productivity
Production is all about efficiency. The more output is created from a given amount of input, the
greater the potential for profit and expansion
Study Topics and Extra Background for Midterm 3
1. First, learn all the definitions. They are given in the margins of your book in bold
font. You dont have to give me back the exact words, but you do have to give me
the correct general meaning of the term
Practice Test Midterm 2 (Chapters 7,8,9)
1. Definitions and short answer questions
Total Product of Labor This gives the amounts of output corresponding to various
amounts of labor, holding capital fixed.
Marginal Product of Labor The increment in output
Economics 304k-Professor Sibley
Midterm Exam 1-Pastel Version
October 8, 2010
1. Do not open the exam until told to do so.
2. Show all work on the exam. You will not need any paper other than the exam.
3. There are six questions, of whic
Cox AP European History block 2
24 March 2010
Filling in the Gaps:
The 2005 film Munich, directed by Steven Spielberg, chronicles the actions of an assassination
team, led by Avner Kaufman, that was established by the Israeli government to a
Nuclear Energy and Biofuels
19 October 2010
How are each of these major alternative sources of energy supposed to provide
us with the energy we need?
Nuclear power is derived from the energy released when the nucleus of an atom splits
i. Types of
The Economic Problem: Scarcity and Choice
Ch.2 (with a little from Ch. 1.)
Dr. Stephanie Houghton
Some of this will be review,.
but some of you were taught by the
guy on the left.
2 / 40
Key Points from Chapter 1
Macroeconomics v. Microeconomic