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Introduction to Environmental Economics

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What's enviro econ? First, what is economics? Economics: the study of how agents (people, firms, etc) make choices with scarce resources and the social results of these choices Everything is scarce compared to wants and needs. We need to choose among alternatives and make trade-offs. These ideas can be applied to the environment.

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Lecture 01
Introduction to Environmental Economics

Dana Andersen
ECON 467

,Roadmap
What is environmental economics?
What are the goals for this class?
Microeconomics recap

,What is environmental economics?

, What's enviro econ?
First, what is economics?

Economics: the study of how agents (people, firms, etc) make choices with
scarce resources and the social results of these choices

Everything is scarce compared to wants and needs

We need to choose among alternatives and make trade offs

These ideas can be applied to the environment

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Dana andersen
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