Environmental and Natural Resources Economics is a common economics course offered by many business schools. It offers a valuable insight into the pressing externalities that forward thinking businesses need to account for as climate change continues to impact the environment. The course highlights models and assumptions focused on ensuring a sustainable allocation and solution for current and future generations.
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For those interested in the course or the reading materials I am working off, please check out Tom Tietenberg’s 9th edition Environmental and Natural Resources Economics textbook. I have provided a link to Amazon where you can buy the book;
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This playlist has been particularly very helpful to me. I am a newbie into the field of economics and I am doing my master's in Environmental Studies and Resource Management.
I am sure lot of us would have certainly referred to your videos but in some way haven't shown their gratitude.
By far, this subject is my favorite and I am doing an advanced course in my next semester.
Thanks a lot for these videos. I would certainly like to befriend you and share a lot more about economics and other topics.
You did a great work.
1st) 36:42 if two people visit Niagara falls, one who is willing to pay $2 and one who is willing to pay $10, making an "average price" of $5 solves nothing, you still only have one person willing to pay the price. dropping the price to anything more than $2 does nothing to create equilibrium between these two consumers
2nd) assuming the price is low enough that they will both pay to visit ($2) or free and that the cost of that good/service is more than that, they will both be considered to be free riders, regardless of whether one is willing to pay the full value or not.
3rd) 46:00 COASE theorem!!!!, not coarse. THere is no R! Named after Ronald H. Coase.
4th) 1:40 your slide was right, but you said that energy from the sun captures green house gases, it's the other way around, green house gases capture energy from the sun
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