1
Q
Externalities
A
Effects of market transaction that has effects outside of parties involved in transaction
2
Q
Market Failure
A
Unregulated market fails to produce outcome that is most beneficial to societies
3
Q
Common Property Resource
A
Nonexcludable & Rival
4
Q
Public Good
A
Nonexcludable & Non Rival
5
Q
Natural Resources
A
Land & Resources: includes ecological life-support systems
6
Q
What are the main frameworks that Economists use to understand Environmental Issues
A
Ecological vs Environmental Economics
7
Q
What is the relationship between economic growth and the environment
A
Growth produces externalities that has neg. effects on the environment
8
Q
Natural Capital
A
Available endowment of land and resources
Enviro Economics
flashcards
Decks in class (21)
# Cards
-
Unit 1: Intro to Environmental Economics-Ch.124
-
Unit 1: Intro to Environmental Economics-Ch.216
-
Unit 1: Intro: Slideshow8
-
Unit 2: Problem of Sustainability: Ch.944
-
Unit 2: Slideshow & Learning Objectives15
-
Unit 3: Supply, Demand, Market Failures: Ch.327
-
Unit 3: Supply, Demand, Market Failures: Ch.425
-
Unit 3: Learning Objectives and Lesson14
-
Unit 4: Trade Off Analysis: Ch.738
-
Unit 4: Trade Off Analysis: Lesson and Learning Objectives10
-
Unit 5: Valuation Techniques: Lesson and Learning Objectives17
-
Unit 5: Valuation Techniques: Ch. 626
-
Unit 6: Setting Targets-Optimal Pollution Ch.848
-
Unit 6: Slideshow: Setting Environmental Targets10
-
Unit 7: Chapter 13: Global Climate Change: Policy Responses30
-
Unit 7: Policy Analysis Slideshow16
-
Unit 8: Renewable Resources: Ch.1824
-
Unit 8 Slideshow8
-
Unit 9: Non Renewable Resources Chapter 523
-
Unit 9: Non Renewable Resources Ch.1726
-
Unit 9: Slideshow13
