Macroeconomics and the Environment
By Erin Lennox, Jonathan M. Harris and Anne-Marie Codur
This module presents an expanded circular flow analysis that takes the biosphere into account. It reviews critiques and alternatives to gross national product (GNP) and gross domestic product (GDP), emphasizing natural resource and environmental, as well as social sustainability, then discusses the implications of long-term growth of population and economic output, contrasting the goal of economic growth with the goal of sustainable development. It has been updated to include new material on ecosystem limits, alternatives to GDP and “green” growth, as well as updated data and figures.
Instructor Resource Manual with review questions and notes on discussion questions is available for this module.
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