Environmental Economics and Policy

Video Lectures

Displaying all 28 video lectures.
Lecture 1
Introduction to Environmental Economics
Play Video
Introduction to Environmental Economics
Introduction to environmental, resource economics and political economy; overview of teaching philosophy; economics vs. mathematics; syllabus
Lecture 2
Water markets, Options and Trading (Guest lecture by Claire Tompkins)
Play Video
Water markets, Options and Trading (Guest lecture by Claire Tompkins)
Guest lecture by Claire Tompkins (Stanford PhD) on water markets, options and trading.
Lecture 3
Transport (Guest lecture by Damian Bickett)
Play Video
Transport (Guest lecture by Damian Bickett)
Guest lecture by Damian Bickett (UC Berkeley PhD Candidate) on transport.
Lecture 4
Review of Guest Lectures
Play Video
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.
Lecture 5
Supply and Demand
Play Video
Supply and Demand
Blog post formatting, statics/dynamics (recap), math vs. economics, supply and demand; elasticity and constrained optimization
Lecture 6
Missing Markets, Elasticity, and Constrained Optimization
Play Video
Missing Markets, Elasticity, and Constrained Optimization
Markets, missing markets, no markets; elasticity; inverse demand; dead weight loss; indifference curves; constrained optimization; edgeworth box
Lecture 7
Marginal Rate of Substitution vs. Elasticity
Play Video
Marginal Rate of Substitution vs. Elasticity
Marginal rate of substitution vs. elasticity; Preferences to utility to demand; optimization hints; edgworth box; intro to production
Lecture 8
The Production Function & Profit Maximization
Play Video
The Production Function & Profit Maximization
Teach-in on the walk out, the production function, costs, profit maximization
Lecture 9
Political Economy, Macroeconomics, and Optimal Production
Play Video
Political Economy, Macroeconomics, and Optimal Production
Political economy, macroeconomics, optimal production (a correction), AC, MV and VC, profits, monopoly v. perfect competition
Lecture 10
Transport, Markets vs. Bureaucracy, Walkout
Play Video
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
Lecture 11
Cost Accounting, Benefit, and Opportunity Costs
Play Video
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)
Lecture 12
Lecture 12
Play Video
Lecture 12
Lecture 13
Lerner Index, Monopsony, Bilateral Monopoly, and Two-sided Markets
Play Video
Lerner Index, Monopsony, Bilateral Monopoly, and Two-sided Markets
The economics of car donations; Lerner index; monopsony; bilateral monopoly; 2-sided markets.
Lecture 14
Corporate Social Responsibility vs. Profit Max
Play Video
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
Lecture 15
The Sociology of Economists
Play Video
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.
Lecture 16
Principal-Agent Economics
Play Video
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.
Lecture 17
Homo Economicus vs. Social Preferences
Play Video
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
Lecture 18
Scientific Method (Popper's Falsification, Deductive and Inductive Reasoning)
Play Video
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!
Lecture 19
Lobbying, Auctions, and Microfinance
Play Video
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
Lecture 20
Intrinsic/Extrinsic Incentives, Public Choice
Play Video
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!
Lecture 21
Game Theory: Prisoner's Dilemma, Sequential Games, Mixed Strategies
Play Video
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
Lecture 22
Dutch Infrastructure and the Struggle of Competing Interests (Guest lecture by Ties Rijcken)
Play Video
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
Lecture 23
Cournot Competition & Bertrand Competition
Play Video
Cournot Competition & Bertrand Competition
Sequential games with imperfect knowledge (Nature moves); Cournot competition; Stackelberg leader; Bertrand competition
Lecture 24
Extrinsic vs. Intrinsic Motivation
Play Video
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
Lecture 25
Climate Change: Politics, Collective Action, and Climategate
Play Video
Climate Change: Politics, Collective Action, and Climategate
Cost-Benefit 2; Climate change -- politics, collective action, who pays, and climategate; briefing feedback
Lecture 26
Bounded Rationality, Bubbles, and Risk Aversion
Play Video
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
Lecture 27
Free-riders vs. Cooperators
Play Video
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
Lecture 28
Strategy in Public Goods Game
Play Video
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;