Il testo consigliato dal docente è in lingua inglese. Pertanto i contenuti del corso verranno indicati come reperibili nel testo consigliato, per rendere più agevole la preparazione allo studente.
Modulo I:
An introduction to natural resource and environmental economics; The origins of the sustainability problem; Ethics, economics and the environment; Concepts of sustainability; Welfare economics and the environment; Pollution control: targets.
Modulo II:
Pollution control: instruments; International environmental problems; Cost–benefit analysis; Valuing the environment; Irreversibility, risk and uncertainty; The efficient and optimal use of natural resources; Accounting for the environment.
Autori: Perman, R., Ma, Y., McGilvray, J., Common, M. Titolo: Natural Resources and Environmental Economics Editore e anno: PEARSON 2003.
Modulo I: capitoli: 1, 2, 3, 4, 5, 6.
Modulo II: capitoli: 7, 11, 12, 13, 14, 19.
Argomenti | Riferimenti testi | |
---|---|---|
1 | ArgomentiRiferimenti testi1An introduction to natural resource and environmental economicschapter 1 2The origins of the sustainability problemchapter 2 3Ethics, economics and the environmentchapter 3 4Concepts of sustainabilitychapter 4 5Welfare economics and the environmentchapter 5 6Pollution control: targetschapter 6 7Pollution control: instrumentschapter 7 8Cost–benefit analysischapter 11 9Valuing the environmentchapter 12 10Irreversibility, risk and uncertaintychapter 13 11The efficient and optimal use of natural resourceschapter 14 12Accounting for the environmentchapter 19 |
Given that the question of the substitution possibilities as between human-made and natural capital is so important, how can the fact that we do not know the answer be explained?
Find the marginal and average products of K andR for Q=KαRβ with α+β=1.How do your results for the average and marginal products relate to the feasibility of indefinite constant consumption despite the fact that Q = 0 for R = 0?
Discuss the possible effects of technical progress on resource substitutability.
A mineral resource is extracted and sold, yielding £20m annual gross revenue to the owners. Purchases of goods and services used for extraction are £4m, labour costs are £2m and capital equipment is valued at £30m. The average rate of return on capital in the mineral extraction sector is 4.5%. At current extraction rates, reserves will be economically exhausted in 5 years. Assume a constant rate of extraction, a fixed extraction technology, and constant relative prices. Calculate a depletion rate for this mineral resource and hence the contribution of this extraction activity to gross and net national product, stating any necessary additional assumptions.