In this lesson, our instructor Bryan Cardella gives an introduction on the economic environmental issues. He discusses the commons, resources and profits, indirect and direct costs, natural beauty and its cost, value in the future, risk benefit analysis, cap, trade, and legal controls.
Policy instruments and decision-making come down to tangible factors, intangible factors, public-service functions, and natural capital
The Commons is land (or other resources) that is owned publicly, with public access for private use. Unselfish use is required by all parties for The Commons to be a success in the long run. Resource sustainability and maximum profit are two perspectives relating to this concept.
Indirect costs (externalities) and direct costs are considered in terms of how to properly utilize a resource over time
Natural beauty (landscape aesthetics) can be subjective. Unity, vividness, and variety are three gauges used to assess the monetary value of a place’s natural beauty
Value in the future can be hard to calculate
Risk-benefit analysis comes in handy when trying to make a decision on which environmental-related issue to tackle
Cap and trade, taxes, quotas, and other legal controls are used to limit the amount of resources an individual, company, or corporation can use in a given amount of time
The Economics of Environmental Issues
Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.
This book includes a comprehensive review of the key AP Environmental Science concepts and targeted strategies for acing every section of the exam. Additionally, the book includes two full length practice tests with full answer explanations.
This book is an updated manual that offers a brand-new diagnostic test to pinpoint the test taker's strengths and weak areas, two full-length practice exams with all questions answered and explained, a detailed review of all test topics, supplemented with practice questions and quizzes with answers, an overview of the test plus helpful test-taking strategies, and hundreds of diagrams and illustrations .