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envs economics

economics and valuations vocab envs exam 1 review

TermDefinition
anthropocentrism prioritizing people
cap and trade emissions trading to control CO2 emissions cap - limit on GHG emissions, gets stricter over time trade - companies buy and sell allowances that let them emit certain amounts. incentivizes cutting emissions 1 allowance is worth 1 ton of emissions
biocentrism prioritizes life forms
ecocentrism prioritizes the environment
deontological ethics moral/ethical theory driven by what is right and wrong and what is our duty
externality an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's activity ie air pollution from cars
jevons paradox technological progress increases the efficiency of how much a resource is used, so falling costs increase demand and then the resource gets used up mroe
utilitarianism most good for most people
macroeconomics national/intergovernmental economic policy
market where goods/services are bought and sold
microeconomics personal decisions and choices in the economy
public bad harms everyone, we notice when its extreme
public good helps everyone, we notice when its gone
scarcity lack of resources
confirmation bias we seek information that already agrees with us
belief perseverance bias we will not seek dissenting information
emotional defense mechanisms delegation, denial, distancing, resignation
loss aversion we are afraid to lose what we already know, even if its better for us
programmed obsolescence technology that is programmed to die so we must buy more of it
hierarchy of needs begins with food, water, shelter, then into emotional needs and stability
Created by: mcarson29
Popular Ecology sets

 



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