EC238 Lecture Notes - Lecture 1: Demand Curve, Perfect Competition, Environmental Quality

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Identify the role incentives play in producing environmental degradation. Goal is to introduce you to the subject matter of the course and given. Controversial question concerns the relation between increased you some sense of the approach to be taken with concepts economic activity and the environment. Economically efficient if all resources are put to their highest. Enviro econ considers not only production of goods and services but include things such as fresh air or taking a walk in the woods. 3 forms of equity: horizontal equity, vertical equity, inter generational equity. Concepts that are considered important to our understanding of incentives related to the environment are externalities and property rights. Co2 carbon dioxide from fossil fuel combustion has risen sharply since 1960s. Some believe we should hold off on trying to reduce. Ghg emissions until we know for sure it is due to human activity.

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