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Assignment 4



The Economics of our Environment:






Background:  Whether it is El Nino, the global warming debate, or simply just mother nature, our environment has a tremendous impact on our economy.  This past October, Western New York was hit with the "October Surprise".  Last week, tornados devastated parts of central Florida, leaving a path of death and destruction over 20 miles.  This past week, our region was hit with a severe winter blast of Arctic air.  How does all of this impact our global, regional, and personal economics.

Task:  Students will

  1. read the articles linked below.
  2. identify how environmental issues impact our economy.
  3. incorporate the terms from unit 1, listed below, into a blog about the environment's impact upon our global, regional, and personal economics.
  4. Students will comment on two other blogs.



  1. Capitalism
  2. Competition
  3. Conspicuous Consumption
  4. Consumer Good
  5. Customers
  6. Diminishing Returns
  7. Economic Growth
  8. Economic Resources
  9. Invisible Hand
  10. Manufacturer
  11. Natural Resource
  12. Need
  13. Opportunity Cost
  14. Production Possibility Frontier (Curve)
  15. Profit
  16. Scarcity
  17. Service
  18. Supply and Demand
  19. Trade-off
  20. Want

Flood Consumes Jakarta

Deadly Tornados in Florida

Global Warming

Storms Hit Europe

Winter Blast Hits

Warm Temps Hit California














 

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