Environmental Economics : Some Basic Concepts 1. Welfare economics Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being‚ especially relative to competitive general equilibrium within an economy as to economic efficiency and the resulting income distribution. associated with it. It analyzes social welfare‚ however measured‚ in terms of economic activities of the individuals that comprise the theoretical society considered. As such
Premium Welfare economics Externality Economics
NMIMS Global Access School for Continuing Education (NGA-SCE) Internal Assignment for December 2014 Examination Course : Business Economics SEM : I Program : DSM / DBM / PGDBM /DHRM /PGDHRM /DMM/ PGDMM /DFM /PGDFM /DITM /PGDITM /DBFM / PGDBFM /DSCM /PGDSCM //DFPWM /DRM /PGDRM Assignment Marks: 30 Instructions: All Questions carry equal marks. All Questions are compulsory. Answer to each assignment question should not exceed 1500 words. Use relevant examples
Premium Regulation Supreme Court of the United States Administrative law
BUSINESS ECONOMICS Assignment 1 Case study: Mintel batteries report a) What happened to sales of batteries in the period 2004-8? Provide a quantitative estimate. How do you explain the fact that over that period the amount of batteries sold increased whereas the value of sales declined? From figure 20 we can see that the volume of sold batteries from 2004 (584 million batteries) to 2008 (611 million batteries)
Premium Supply and demand Price elasticity of demand Marketing
Contreras 1 Samantha Contreras ENG110-02 Dr. Bryant 4 Oct. 2014 Reaction and Response: For Environmental Balance‚ Pick up a Rifle In the article “For Environmental Balance‚ Pick up a Rifle” by Nicholas Kristof‚ the author informs the reader about the importance of hunting‚ arguing that hunting needs to be brought back in the United States to control the deer population. He talks about the negative impact deer have caused in death of people by car accidents and with the destruction of the
Premium Deer Hunting United States
THE PRACTICAL SIGNIFICANCE OF DIFFERENT COSTS 2.2 THE FACTORS INFLUENCING OPTIMUM SIZE AND THE SIGNIFICANCE OF DEMAND AND SUPPLY RELATIONSHIPS 2.3 UNDERSTANDING OF THE RELEVANCE AND LIMITATIONS OF ECONOMIC THEORY TO MANAGE DECISIONS 3. CONCLUSION 1. INTRODUCTION: From the economic perspective‚ there are a full range of wants from individuals‚ firms and government but there is only a few number of resources or factors of production such as land‚ labour‚ capital and enterprise. The
Premium Economics Supply and demand
Take-Home Exam Exercise 1 (a) If the emissions in the area are left unregulated then the two factories will emit as much as they can‚ which means there will be zero abatement (MAC=0). So we have: Factory A: MACA=0 4000-EA=0 EA=4000 Factory B: MACB=0 4000-4EB=0 EB=1000 For the socially optimal level of emissions we have: MACA=4000-EA EA=4000-MACA MACB=4000-4EB EB=1000-0‚25MACB By adding the above by parts we get: E=5000-1‚25MAC MAC=4000-0‚8E The socially optimal level of emissions
Premium Marginal cost Economics Equals sign
depletion and El Nino‚ will have severe effects on our ecosystem. The world is warming up. As we burn up the planet’s coal‚ oil and gas reserves‚ and cut down its remaining forests‚ greenhouse gases are pouring into the atmosphere. The delicate balance of atmospheric gases that sustains life is thickening‚ trapping more and more heat and irreversibly changing our world. For all the technological gloss of the 21st century‚ we are still living in an industrial era‚ pumping out emissions from coal
Premium Greenhouse gas Climate change Developed country
Economic sustainability- how far should the state involve itself in the world of business? Definitions and conceptual understanding. o It is the use of a bevy of strategies for in order to employ all of the existing resources optimally. o A responsible and beneficial balance that can be achieved over the longer term would be the most ideal form of economic sustainability. o Within the context of a business‚ economic sustainability usually involves using the variety of assets of the company
Premium Standardization Inflation Monetary policy
The purpose of this essay is to analyse the performance of Barratt Developments PLC as an example of any organisation in terms of business‚ economic and management concepts. One of the most important and influential elements of the business environment is the structure of the industry. How a firm performs depends on the state of its particular industry and the amount of competition it faces. (Book) To describe the characteristics of the modern construction industry we should look at the nature of
Premium
Consideration In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas). This excludes promises of love and affection‚ gaming and betting etc. A one sided promise
Premium Consideration Common law Law