BCN 1582 Lecture Notes - Lecture 8: Oecd Better Life Index, British American Tobacco, Natural Capital

• School: University of Florida
• Department: Building Construction
• Course: BCN 1582
• Professor: Ravi Shankar Srinivasan

Document Summary

Ecological economics is a transdisciplinary field of academic research that addresses the interdependence between human economies and natural ecosystems. Ecological economics connects different disciplines within the natural and social sciences. Economic definition of capital: a stock of something that yields a flow of valuable goods and services. Slide 5 five forms of capital: human, manufactured, financial, natural, and social capital. Slide 6 captial: stocks a(cid:374)d flo(cid:449)s of ea(cid:272)h (cid:272)apital. Do(cid:374)"t (cid:374)eed to (cid:449)orry too (cid:373)u(cid:272)h a(cid:271)out this. Slide 8 result of ignoring n cap. No tax breaks, gdp mainly focus on other capitals. Rate of harvest of renewable natural capital should not exceed the rate or regeneration. Slide 10 we know gdp is what we use to compare countries. We do(cid:374)"t u(cid:374)dersta(cid:374)d ho(cid:449) (cid:373)u(cid:272)h that effe(cid:272)ts the e(cid:272)osyste(cid:373). Slide 12 th(cid:396)ee e"s, keep i(cid:374) (cid:373)i(cid:374)d! Slide 19 assessment criteria changes, there are 5 criteria. Slide 20 a ii, shown in detail! Slide 21 showing japan tsunami power plant disaster.