This experiment illustrates how seemingly harmless individual actions can, when taken collectively, develop into larger costs to society.
Our world runs on energy - without it, things come to a screeching halt, as the recent hurricanes have shown. Ever stop to wonder what our energy future is? What are our options for energy, and what are the associated economic and climatic implications? In \Energy and the Environment\" we explore these questions, which together represent one of the great challenges of our time - providing energy for high quality of life and economic growth while avoiding dangerous climate change. This course takes an optimistic view of our prospects, and we'll see how shifting to renewable energy can lead to a viable future.
Tools for education, information, communication and engagement around climate change and ecological crisis.
This multidisciplinary seminar addresses fundamental issues in global health faced by community-based healthcare programs in developing countries. Students will broadly explore topics with expert lecturers and guided readings. Topics will be further illuminated with case studies from healthcare programs in urban centers of Zambia. Multidisciplinary teams will be formed to develop feasible solutions to specific health challenges posed in the case studies and encouraged to pursue their ideas beyond the seminar. Possible global health topics include community-based AIDS/HIV management, maternity care, health diagnostics, and information technology in patient management and tracking. Students from Medicine, Public Health, Engineering, Management, and Social Sciences are encouraged to enroll. No specific background experience is expected, but students should have some relevant skills or experiences.
A Canadian Text
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The course presents an in-depth interdisciplinary perspective of electric power systems, with regulation providing the link among the engineering, economic, legal and environmental viewpoints. Generation dispatch, demand response, optimal network flows, risk allocation, reliability of service, renewable energy sources, ancillary services, tariff design, distributed generation, rural electrification, environmental impacts and strategic sustainability issues will be among the topics addressed under both traditional and competitive regulatory frameworks.
Solving the P/E conundrum by looking at a different valuation metric (enterprise value). Created by Sal Khan.
15.431 Entrepreneurial Finance examines the elements of entrepreneurial finance, focusing on technology-based start-up ventures and the early stages of company development. The course addresses key questions which challenge all entrepreneurs: how much money can and should be raised; when should it be raised and from whom; what is a reasonable valuation of the company; and how should funding, employment contracts and exit decisions be structured. It aims to prepare students for these decisions, both as entrepreneurs and venture capitalists. In addition, the course includes an in-depth analysis of the structure of the private equity industry.
This course examines opportunities and problems for entrepreneurs globally, including Europe, Latin America, and Asia. Linkages between the business environment, the institutional framework, and new venture creation are covered with a special focus on blockchain technology. In addition to discussing a range of global entrepreneurial situations, student groups pick one particular cluster on which to focus and to understand what further development would entail. Classroom interactions are based primarily on case studies.
So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants. This week, Adriene and Jacob focus on the environment, and how economics can be used to control and reduce pollution and emissions. You'll learn about supply and demand, incentives, and how government intervention influences the environment.
This course explores the proper role of government in the regulation of the environment. It will help students develop the tools to estimate the costs and benefits of environmental regulations. These tools will be used to evaluate a series of current policy questions, including: Should air and water pollution regulations be tightened or loosened? What are the costs of climate change in the U.S. and abroad? Is there a “Race to the Bottom” in environmental regulation? What is “sustainable development”? How do environmental problems differ in developing countries? Are we running out of oil and other natural resources? Should we be more energy efficient? To gain real world experience, the course is scheduled to include a visit to the MIT cogeneration plant. We will also do an in-class simulation of an air pollution emissions market.
Summary of FTE Environment and the Economy Seminars for teachers.
This is a 5 minute video that will explain the how the Laws of Demand and Supply will interact to form equilibrium point on a graph. This video will meet the standard EPF.3 (b)
Teachers may find accompanying handouts for this video and others that are part of this series at https://www.econlowdown.org/
Applied economists frequently use equilibrium displacement models (EDMs), also termed linear elasticity models, for policy analyses because they can be used to estimate changes in prices and quantities that result from exogenous economic or policy shocks. These models are also widely used to estimate changes in producer and consumer surplus caused by exogenous economic shocks and to quantify the short- and long-term impacts of a variety of economic and regulatory actions across multiple markets. For the first time, a textbook that contains all of the theory and applications of EDMs along with a set of spreadsheet files is available in one place.
This 4 minute video will show students how equilibrium price is graphed and why it occurs where it does on a graph. This video will aid in the mastery of standard EPF. 3 (b)
Total surplus is maximized in a market at equilibrium. In this video, we talk about why this is and the math behind this assertion.
How are nominal real interest rates determined? In the money market! Learn about the money market in this video.
A Shared Lexicon of Equity Terms, Research, Experiences, and Resources
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Debt vs. Equity. Market Capitalization, Asset Value, and Enterprise Value. Created by Sal Khan.
This activity explores the push and pull of moving from Richmond, Virginia to Philadelphia, Pennsylvania for 4 siblings during the 1920s by examining primary and secondary sources and using a decision-making model. This activity includes topics such as the impact of segregation and discrimination against African Americans, and the impact of Black migration from the south to the north.