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
- Review of guest
- Sequential games with imperfect knowledge (Nature moves); Cournot competition; Stackelberg leader; Bertrand 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.
- Marginal rate of substitution vs. elasticity; Preferences to utility to demand; optimization hints; edgworth box; intro to production.
Detailed Analysis of Eep100 Lecture 1
Overview, about me, you and the class. Economics, math, resources and the environment. Briefings Income elasticity (correction), theory of the Firm (Coase 37), more on profits, cost accounting, cost benefit, opportunity costs, ...
Blog post formatting, statics/dynamics (recap), math vs. economics, supply and demand; elasticity and constrained optimization.
That wraps up our extensive overview of Eep100 Lecture 1.
