Environmental Economics: Concepts, Methods, and Policies
Environmental Economics: Concepts, Methods and Policies provides a comprehensive treatment of environmental economics. This innovative text illustrates a novel approach to the formulation of environmental policy by developing the pertinent concepts and methods of economics by establishing the links between the environment and the economy by recourse to the law of thermodynamics. These links are at both the microeconomic level and macroeconomic level, hence filling an important gap in theliterature of environmental economics.
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The Economic System Revised
Microeconomics and the Environment
Public Goods and Externalities
22 other sections not shown
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achieve aggregate demand aggregate supply Australia benefits CEM(t chapter CN CN CN consider consumers consumption context defined demand curve derived downstream users economic growth emissions endowments energy environmental capital environmental cost function environmental depreciation environmental economics environmental investments equation equilibrium income estimated example externalities factory figure final expenditures firms follows full employment Hence IGC objective illustrate increase indifference curves input interest rates internalised IS-LM isoquants Keynesian KM-L limit linear macroeconomic marginal cost maximisation measures method national income national product natural environment NNP(t non-renewable resources OE litres Ol Ol Ol opportunity cost output perfect competition pollution control possible price level production function prompt quantity real final real wages recreation relationship renewable resources result rg rg river ro ro shift standard supply curve Suppose sustainable income taxes Thampapillai user cost utilisation valuation