|
1. |
Scarcity, Choice and Opportunity Cost |
| |
|
| 2. |
Conservation Reconsidered (Krutilla, 1967) |
| |
- Resource scarcity
- Technological improvement
- Amenity values, uniqueness and irreversibilities
|
| 2. |
Demand |
| |
- Law of demand
- Factors affecting demand
|
| 3. |
Supply |
| |
- Law of supply
- Factors affecting supply
|
| 4. |
Markets |
| |
- Equilibrium
- Changes in demand
- Changes in supply
|
