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Environmental and Natural Resource Economics
Jonathan M. Harris, Tufts University
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Chapter 9: Modeling Economic and Ecological Systems
- What are the First and Second Laws of Thermodynamics?
- What is entropy and why is it relevant to economics?
- What does the economic system require as inputs? What does it create as outputs?
- What are the three constraints on the economic system according to entropy theory?
- What is input-output analysis? What are some of its limitations?
- What is the difference between a static and a dynamic input-output analysis?
- What is industrial ecology?
- Can one model accurately describe all flows in a system?
- What does the Brabant model attempt to model?
- What do we mean when we say that we should take an eclectic approach to studying environmental issues?
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