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Table of contents:
This textbook is fully revised and updated, and builds and improves upon the first edition, which provided an introduction to environmental economics that attempted to integrate economics with not only the environment but also ecology. It has new examples, new pedagogical features and new questions for discussion. With international case studies and examples, this book should prove useful for introducing both students and other academics to the world of environmental economics.
Contents:
Figures Tables Case studies Exhibits Preface Acknowledgements Part 1: Fundamental Assumptions, Concepts and Theories of Economics and Ecology Essential for Understanding the Links Between the Natural Environment and the Human Economy Chapter 1: The Natural Environment and the Human Economy: the neoclassical economic perspective 1.1 Introduction 1.2 The market as provider of information on resource scarcity 1.2.1 Price as an indicator of absolute scarcity 1.2.2 Price as an indicator of relative scarcity and opportunity cost 1.2.3 Price as a signal of emerging resource scarcity 1.3 Factor substitution possibilities, technological changes and resource scarcity 1.3.1 Factor substitution and the implication it has on resource availability 1.3.2 Changes in production technology: technical advances 1.4 The human economy and the natural world: the neoclassical worldview 1.5 Chapter summary Review and discussion questions Chapter 2: The Natural Environment and the Human Economy: an ecological perspective 2.1 Introduction 2.2 Ecosystem structure 2.3 Ecosystem function 2.4 Materials recycling 2.5 Eco-dynamics: succession, equilibrium, stability, resilience and complexity 2.6 The laws of matter and energy 2.7 The basic lessons of ecology 2.8 Humanity as the breaker of climaxes 2.9 Chapter summary Review and discussion questions Part 2: The Economics of the Environment: Theories and Alternative Public Policy Instruments Chapter 3: Fundamentals of the Economics of Environmental Resources: The Optimal Trade-Off Between Environmental Quality and Economic Goods 3.1 Introduction 3.2 The economic process and the assimilative capacity of the natural environment 3.3 Why market may fail to allocate environmental resources optimally? 3.3.1 Common property resources and the economic problem 3.3.2 Environmental externalities and their economic consequences 3.4 The macroeconomic effects of environmental regulation: an overview 3.5 Chapter summary Review and discussion questions Chapter 4: The Economic Theory of Pollution Control: The Optimal Level of Pollution 4.1 Introduction 4.2 Minimization of waste disposal costs 4.2.1 Determinants of pollution control costs 4.2.2 Determinants of pollution damage costs 4.3 The optimal level of pollution 4.4 Changes in the preferences of environmental goods and technology and their effects on the optimal level of pollution 4.5 An alternative look at market failure 4.6 The optimal level of pollution: an ecological appraisal 4.7 Chapter summary Review and discussion questions Chapter 5: The Economics of Environmental Regulations: Regulating the Environment Through Judicial Procedures 5.1 Introduction 5.2 Environmental regulation through liability laws 5.3 The property rights or Coasian approaches 5.4 Emission standards 5.5 Chapter summary Review and discussion questions Chapter 6: The Economic of Environmental Regulations: Pollution Tax and Tr
Brief Description:
This popular textbook returns in a fully revised and updated new edition. Building and improving upon the popular format, it provides new examples, new pedagogical features and new questions for discussion.
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