About This Chapter
Below is a sample breakdown of the Global Environmental Economics chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.
|Day||Topics||Key Terms and Concepts Covered|
|Monday|| Environmental Full Cost Accounting: Definition and Example; |
Economics: Natural Capital and the Environment
| The considerations of environmental full cost accounting; |
The preservation of natural capital
|Tuesday|| National Income Accounts and the Environment: Definitions and Limitations;|
The Economics of Pollution: Marginal Cost of Pollution and Optimum Amount of Pollution
| The use of the Gross Domestic Product and the disadvantages of national income accounts;|
Marginal abatement cost and marginal cost of pollution
|Wednesday||The World Bank: History and Global Economic Development Goals||The history and objectives of the World Bank|
|Thursday||Tragedy of the Commons Theory: Definition and Examples||Hardin's metaphor for overexploitation of resources|
|Friday||Global Environmental Law and International Treaties||Key international laws and treaties dealing with the environment|
1. Environmental Full Cost Accounting: Definition & Example
Environmental full cost accounting recognizes the economic, environmental, health and social costs of an activity. In this lesson, learn why the use of environmental full cost accounting is important during the decision-making process.
2. Economics, Natural Capital & the Environment
Natural capital is the resources and services derived from nature that are of value to people. Learn why protecting natural capital is important for sustainable growth and economic development.
3. National Income Accounts and The Environment: Definitions & Limitations
National income accounts are a measurement of economic activity within a nation. However, they have limitations. Learn how national income accounts fail to take into consideration important factors such as environmental degradation.
4. The Economics of Pollution: Marginal Cost of Pollution & Optimum Amount of Pollution
There is an optimum amount of pollution where marginal benefit equals the marginal cost of pollution. Learn how marginal cost, marginal abatement cost and marginal benefit are considered when determining the optimum amount of pollution in this lesson.
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