Essay – Natural Resource and Environment

Assignment
Discuss the methodologies to measure the economic benefits of the Glasgow Commonwealth Games in 2014. Analyse their relative strength and weaknesses and pricing.

Grade
C1

Abstract
Non-renewable natural resources are an important finite input to production. When consumed it decreases the availability of that resource. An optimal depletion model should give signals if a resource is increasing or decreasing in scarcity through its cost and determine if economic growth is constrained or not. The first section evaluates resource use effects using an optimal depletion model. Then section two looks at resource depletion effects on economy. Findings indicate evidence is compelling to support resources are getting scarcer.

[PDF]

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s