ENV 1101 Lecture Notes - North American Free Trade Agreement, Soil Conservation, Emission Standard
23 Jan 2014
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Document Summary
Economies receive inputs (resources) from environment: process inputs into useful" goods, discharge outputs (waste) Market guided by invisible hand price will go up i am doing things that are good for society things will be good; consumer/producers are balancing if i am doing something bad the prices will go down. If i produce something and there is demand, the. Assumptions of neoclassical economics: resources are infinite or substitutable, costs and benefits are internal (ex: led production. Ethics, environmentalism & decision making: long-term effects are discounted (don"t look at the long-term ex: led how it will effect children years down the line, growth is good. Steady-state economy: does not grow or shrink; its stable, mirroring natural systems. Public policy = policy made by governments that consists of laws, regulations, orders, incentives, and practices. Environmental policy = pertains to human interactions with the environment. January 16, 2014: regulates resource use and pollution output. Economic model is a driving force behind environmental policy.
