AREC365 Lecture Notes - Lecture 1: International Joint Commission, Earth'S Critical Zone, Prentice Hall

• School: University of Alberta
• Department: Agricultural and Resource Economics
• Course: AREC365
• Professor: Terence Veeman

Document Summary

For planning purposes, these have fixed amounts (ex. coal, uranium) We can add to them through investment. There"s a(cid:374) accu(cid:373)ulated stock of these as well. These resources can be depleted if we cross the critical zone: critical zones are important for public policy. When the value of the products from that source < the cost of extracting that resource. Economic exhaustion may occur before actual physical exhaustion. Mayans (resource exhaustion, mainly good growing soils) Water accessibility: dropping of water table/groundwater basins, water stress, many developing places lack primary sewage treatment. International cooperation: politics, us/canada ijc (international joint commission, shared bodies of water. Analysis and policy recommendations are influenced by economics. Population growth is exponential whereas technological growth is linear. Thus we will outgrow the ability to produce food and resources for ourselves: counterargument -> we can improve technology at faster rates and will be able to meet the need for food output.