Environmental Economics and Policy
Video Lectures
Displaying all 28 video lectures.
Lecture 1![]() Play Video |
Introduction to Environmental Economics Introduction to environmental, resource economics and political economy; overview of teaching philosophy; economics vs. mathematics; syllabus |
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Water markets, Options and Trading (Guest lecture by Claire Tompkins) Guest lecture by Claire Tompkins (Stanford PhD) on water markets, options and trading. |
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Transport (Guest lecture by Damian Bickett) Guest lecture by Damian Bickett (UC Berkeley PhD Candidate) on transport. |
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Review of Guest Lectures Review of guest lectures and discussion experiment (fishing game-tragedy of commons); power (political economy); theory v. reality v. empirics; supply and demand; elasticity. |
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Supply and Demand Blog post formatting, statics/dynamics (recap), math vs. economics, supply and demand; elasticity and constrained optimization |
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Missing Markets, Elasticity, and Constrained Optimization Markets, missing markets, no markets; elasticity; inverse demand; dead weight loss; indifference curves; constrained optimization; edgeworth box |
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Marginal Rate of Substitution vs. Elasticity Marginal rate of substitution vs. elasticity; Preferences to utility to demand; optimization hints; edgworth box; intro to production |
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The Production Function & Profit Maximization Teach-in on the walk out, the production function, costs, profit maximization |
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Political Economy, Macroeconomics, and Optimal Production Political economy, macroeconomics, optimal production (a correction), AC, MV and VC, profits, monopoly v. perfect competition |
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Transport, Markets vs. Bureaucracy, Walkout Notes on transport, markets vs. bureaucracy, more on the walkout, math v. econ, utility, collective action, information (Hayek 44), incentives in markets v. monopolies/bureaucracies |
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Cost Accounting, Benefit, and Opportunity Costs Income elasticity (correction), theory of the Firm (Coase 37), more on profits, cost accounting, cost benefit, opportunity costs, economies of scope and scale, LR vs. SR profits, Creative Destruction (Schumpeter) |
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Lecture 12 |
Lecture 13![]() Play Video |
Lerner Index, Monopsony, Bilateral Monopoly, and Two-sided Markets The economics of car donations; Lerner index; monopsony; bilateral monopoly; 2-sided markets. |
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Corporate Social Responsibility vs. Profit Max MT format; Nobel prizes!; corporate social responsibility vs. profit max; price discrimination; DWL v. shadow values; externalities and pigouvian taxes; optimal extinction; property rights |
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The Sociology of Economists The sociology of economists (young PhDs); real world vs. math; political economy (visible vs. invisible victims); sunk costs redux; expected utility; sustainability; vs. subsistence; soccer is a stochastic dynamic general equilibrium game!; simultaneous move game. |
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Principal-Agent Economics student feedback on my teaching; Principal-Agent economics; why PA describes the world (no perfect competition or information); intrinsic vs/ extrinsic motivation; adverse selection/moral hazard; trust games; comments on MT. |
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Homo Economicus vs. Social Preferences Briefings 1 and 2; Starbuckonomics; homo economicus vs. social preferences; book auction (part 1); principal-agents (part 2); consumption, experience and credence goods; signaling, monitoring; CSR fail |
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Scientific Method (Popper's Falsification, Deductive and Inductive Reasoning) Indifference curves and the hill of happiness; grading and tournament incentives; scientific method (Popper's falsification, deductive and inductive reasoning); auction theory (private and public values, winners curse, etc.); cap and trade; REAL auctions of books plus selling $1 for $1.50! |
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Lobbying, Auctions, and Microfinance More on lobbying; more on auctions; more on grading the briefing; baptists and bootleggers/logrolling; drugs, pimps and prohibition; principal-agent; microfinance |
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Intrinsic/Extrinsic Incentives, Public Choice principal-agent-beneficiary; intrinsic/extrinsic incentives; public choice; risk v. uncertainty; ludic v. conflcit game theory; California water bill FAIL! |
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Game Theory: Prisoner's Dilemma, Sequential Games, Mixed Strategies Incomplete contracts, game theory, prisoners dilemma (simultaneous game), sequential games, (im)perfect and (in)complete information, mixed strategies |
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Dutch Infrastructure and the Struggle of Competing Interests (Guest lecture by Ties Rijcken) Final (!) notes on briefing; guest lecture by Ties Rijcken on Dutch infrastructure and the struggle of competing interests |
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Cournot Competition & Bertrand Competition Sequential games with imperfect knowledge (Nature moves); Cournot competition; Stackelberg leader; Bertrand competition |
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Extrinsic vs. Intrinsic Motivation Extrinsic vs. intrinsic motivation; discounting (financial and social); some stuff on the financial markets; WTP v. WTA; Cost-Benefit Analysis; Climate change |
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Climate Change: Politics, Collective Action, and Climategate Cost-Benefit 2; Climate change -- politics, collective action, who pays, and climategate; briefing feedback |
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Bounded Rationality, Bubbles, and Risk Aversion Peer-grading as a collective action problem/cooperation; evolutionary psychology; bounded rationality; bubbles; cheater detection/punishment; risk aversion (IID example); race (in-group/outgroup); sugar as special interest; ethanol as ecological/economic disaster |
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Free-riders vs. Cooperators Grading and extra credit problems; real syllabus for EEP100; decisions on the margin vs block grants; monopolies are GOOD for conservation; free-riders vs. cooperators |
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Strategy in Public Goods Game Review session; cookies as bribes; strategy in a public goods game; altruism; book reviews; Schelling; risk aversion; perfect/complete information; incompete contracts; hold up; |