Understanding Eep100 Lecture 1
Let's dive into the details surrounding Eep100 Lecture 1. Introduction to environmental, resource economics and political economy; overview of teaching philosophy; economics vs.
Key Takeaways about Eep100 Lecture 1
- Income elasticity (correction), theory of the Firm (Coase 37), more on profits, cost accounting, cost benefit, opportunity costs, ...
- Briefings
- Political economy, macroeconomics, optimal production (a correction), AC, MV and VC, profits, monopoly v. perfect competition.
- Cost-Benefit 2; Climate change -- politics, collective action, who pays, and climategate; briefing feedback.
- Teach-in on the walk out, the production function, costs, profit maximization.
Detailed Analysis of Eep100 Lecture 1
Review of guest Overview, about me, you and the class. Economics, math, resources and the environment. Guest
Sequential games with imperfect knowledge (Nature moves); Cournot competition; Stackelberg leader; Bertrand competition.
That wraps up our extensive overview of Eep100 Lecture 1.