PPT-Econ 331a. Economics of Energy, Resources,

and Climate Change William Nordhaus 1 Contents 1 Introduction to course material this duplicates the materials under Basics on the course web site 2 Preliminary lectures on population through week 2 Note that these are likely to be modified as we go along. An Introduction. What is Economics?. Task 1. Write down five questions or statements that you think have something to do with economics.. Now share your ideas with the rest of the class. Given the range of comments and issues collected by the group could you now write down a definition of what economics is?. Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. Fall Semester. , . 2010. Welcome. !. What is economics?. Economics is the study. of how individuals and. societies allocate. scarce. resources among. (competing) . alternative. uses.. Scarcity. . ?. Scarcity . and Choice. Kerry Montano. University High School. Objective. After taking notes from a . Powerpoint. , student will work with a partner to identify . conditions that might cause people to . The Fundamentals of Economics. The Fundamentals of Economics. :. Main Idea:. Introduction to . Economics. Notes:. Economics. is the study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited wants.. 2. Why study bubbles?. “[An] issue that clearly needs more attention is the formation and propagation of asset price bubbles…I suspect that progress will require careful empirical research with attention . Fall Semester. , . 2011. Welcome. !. What is economics?. Economics is the study. of how individuals and. societies allocate. scarce. resources among. (competing) . alternative. uses.. Scarcity. . Laibson. & List, 2015). Definition. Introduction to Behavioral Economics. www.EconEdLink.org . 2. System 1 – “operates automatically and quickly, with little or no effort and no sense of voluntary control.”. Chapter 5: Energy and energy resources Material on Final Exam 1 Essential Questions What is energy? What are potential and kinetic energy? How is energy related to work? What are different forms of energy? Theme 2. Economics. Economics: the study of how people . choose. to use resources.. It is the study of choices. .. What are your resources? . Economics is not a science.. It is a set of theories, but none, has scientific validity.. Would you rather…. Study or go to the movies?. Eat a salad or French fries?. Buy a new phone or a new outfit?. How do you decide?. Economics. The study of scarcity and choice.. Economists ask: How do we satisfy our needs and wants by making choices?. study of flow of goods and services across space. Look at ways in which people provide for themselves across the globe. Geographic patterns of inequality at different scales. Globalization:. is a MAJOR thread throughout econ geo….free trade, international trade, international econ alliances, etc.. New program regulations information session. Time: . February 1. st. , 2018 . 17:00 . – . 17:45. Location: . Altes. . Amstgericht. (AA). Current Program . Overview. Area: Research Methods (12 Credit Points) . Austrian Economics & the Financial Markets. May 22, 2010. Joseph Calandro, Jr.. 1. Contents. Background. Introduction – Austrian Economics & Investing. Investing & “Value Investing”.