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Textbook Notes for Ross Mc Kitrick

U OF GECON 2100Ross Mc KitrickFall

ECON 2100 Chapter Notes - Chapter 4: Pareto Efficiency

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7 Dec 2013
29
Economic efficiency- occurs when the economy"s resources are allocated to their best uses; an equilibrium is reached in which marginal benefits of an a
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U OF GECON 2100Ross Mc KitrickFall

ECON 2100 Chapter Notes - Chapter 2: Natural Capital

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7 Dec 2013
58
Natural capital- consists of the earth"s ecosystems, their renewable and non-renewable resources, environmental resources (atmosphere, water) and land.
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U OF GECON 2100Ross Mc KitrickFall

Chapter 5- The Economics of Environmental Quality

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7 Dec 2013
29
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U OF GECON 2100Ross Mc KitrickFall

ECON 2100 Chapter Notes - Chapter 3: Demand Curve

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7 Dec 2013
41
Chapter 3- benefits and costs, supply and demand. Willingness to pay (wtp) - the monetary value to an individual of enjoying the benefits of a particul
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U OF GECON 2100Ross Mc KitrickFall

ECON 2100 Chapter Notes - Chapter 1: Carbon Sink, Precautionary Principle, Asset

OC626901 Page
7 Dec 2013
26
Economic efficiency- occurs when the economy"s resources are allocated to their best uses; an equilibrium is reached in which the marginal benefits of
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