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Tuesday September 25th, 2012.docx

2 Pages

Natural Science
Course Code
NATS 1840
Carol Bigwood

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Science, Technology and the Environment (SC NATS 1840A) - Tuesday September 25th, 2012 Test covers – Everything that we covered September 11 to now Lectures + Textbooks (more on lectures, less on textbooks) Very little emphasis on Thursday 27 +h allowed a calculator 10 Multiple choice questions, 8 short answer questions (example online at moodle) worth 5% Costs: Often, assessing economic costs means performing a cost-benefit analysis:  Identify possible impacts and their likelihood;  Evaluate expected value/cost of each;  Compare value of the positive impacts to costs of negative impacts. Difficult to assign economic value to intangibles (beauty cleanliness,) and externalities Inputs (internal costs) -> Process -> Product (benefits) + Waste (external costs) ^Classic cost-benefit analysis Externality: Cost borne by persons other than those reaping the benefit. Often overlooked, leading to “The Tr
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