Resource_Economics_Part_1___Handout.pdf FANR 1100
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This 2 page Class Notes was uploaded by Caitlyn Mackenzie on Sunday August 21, 2016. The Class Notes belongs to FANR 1100 at University of Georgia taught by Wilde in Fall 2016. Since its upload, it has received 3 views.
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Date Created: 08/21/16
Natural Resource Economics: Part 1 FANR/MARS 1100 Natural Resource Economics “Natural resource management decisions are often based more on Economics and Politics than Science As the price of a good or service goes up, the quantity produced goes Up As the price of a good or service goes up the demand for it goes Down Major Environmental Problems Biodiversity Depletion – examples include Habitat Destruction, Habitat degradation, Extinction Food Supply Problems – examples include Overgrazing, farmland loss and degradation, wetlands loss and degradation, overfishing, coastal pollution, soil erosion, soil salinization, soil waterlogging, water shortages, groundwater depletion, loss of biodiversity, poor nutrition Waste Production – examples include Solid waste, hazardous waste Water Pollution – examples include Sediment, nutrient overload, toxic chemicals, oxygen depletion, infectious agents, pesticides, oil spills, excess heat Air Pollution – examples include Global climate change, stratospheric ozone depletion, urban air pollution, acid deposition, outdoor pollutants, indoor pollutants, noise Ecological Footprint Per Capita Ecological Footprint is measured in Hectares of land per person Total Ecological Footprint is measured in hectares Approximately 5% of the world’s population uses 30% of the world’s resources. Five Basic Causes of Environmental Problems 1 . Rapid Population Growth 2 . Unsustainable resource use 3 . Poverty 4 . Not including the environmental costs of economic goods and services in their markets prices 5 . Trying to manage and simplify nature with too little knowledge about how it works Benefits of Reduction and Prevention of Pollution 1. Improved human Health 2. Improved Agriculture and Forest production 3. Enhanced commercial and/or sport Fishing 4. Enhancement of Recreational opportunities 5. Extended lifetime of Materials and less cleaning necessary 6. Enhancement of Real Estate values What is economics? Definition: science that seeks to understand and explain the production, distribution, and consumption of goods and services Continuum of types of economies o Command economics (Communism) o Marketbased economies (Capitalism) – supply and demand Economics Sustainable Economics – longterm view of balancing both the needs of people and the environment
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