ecological economics lecture 1 tiago domingos assistant professor environment and energy section...
TRANSCRIPT
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Ecological EconomicsLecture 1
Tiago DomingosAssistant Professor
Environment and Energy SectionDepartment of Mechanical Engineering
Doctoral Program and Advanced Degree in Sustainable Energy SystemsDoctoral Program in Mechanical Engineering
Doctoral Program in Environmental Engineering
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Assessment
• Problem sets and small projects (possibly related to term paper)– groups
– only a random sample is graded
– 40%
• Final examination– Individual
– 30%
• Term paper– Individual or Groups
– 30%
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Syllabus I
• Scale (ecology), distribution (ethics), efficiency (economics), constraints (thermodynamics)
• Formal analogy– Microeconomics and thermodynamics– Biophysical valuation– Industrial ecology, industrial metabolism
• Substantive integration– Thermodynamics and ecology: DEB– Thermodynamics and economics: Ayres
• Epistemology and sociology of science• Ethics and welfare• Static vs. intertemporal optimisation
– Lagrangian multipliers– Maximum principle
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Syllabus II
• Microeconomics– Review of consumer theory
– Review of producer theory
– Review of market structures
– Game theory
– Evolutionary and institutional economics
• Pollution economics; pollution control instruments
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Market Equilibria and Externalities
y
MPC
MPB
MSC
Market equilibrium
Social optimum
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Syllabus III
• Ecological and economic networks– Life Cycle Analysis
– Input-Output Analysis
– Computable General Equilibrium Models
– Indicators of environmental responsibility
• Economic valuation methods
• Intertemporal choice and uncertainty– Discount rate
– Cost-benefit analysis;
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Syllabus IV
• Sustainable development– Weak vs. strong sustainability
– Economic growth theory• Neoclassical and endogenous
• Ayres
– Economic theory of sustainable development
– Biophysical and other indicators of sustainable development• Index of sustainable economic welfare
• Ecological footprint
• Human Appropriation of Net Primary Production
• EcoIndicator95, EcoIndicator99
– Environmental Kuznets hypothesis
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Readings for the Next Lecture
• Varian, Intermediate Microeconomics– Consumer theory: chapters 2, 3, 4, 5, 6.
• Common and Stagl, Ecological Economics– Introduction to Ecological Economics: chapter 1.
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“Empty World” Economics
Costanza, R., J. Cumberland, H. Daly, R. Goodland, R. Norgaard (1997). An Introduction to Ecological Economics. St. Lucie Press, Boca Raton, FL, USA.
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“Full World” Economics
Costanza, R., J. Cumberland, H. Daly, R. Goodland, R. Norgaard (1997). An Introduction to Ecological Economics. St. Lucie Press, Boca Raton, FL, USA.