1. The Environment and Society

2. Below represents the value of the products and services provided by the Earth each year. 33,000,000,000,000

3. List of Products and Services Provided by the Earth

4. Branches of Economics that effect the Environment 1)Law of Supply and Demand 2)Costs and Benefits 3)Risk Assessment

5. Law of Supply and Demand As the demand for a good or service increases the value of that good increases Ex: The environment’s oil supply is decreasing but the demand is increasing. Thus the price of oil goes up.

6. Cost – Benefit Analysis Weighing the cost of an action versus the benefits that can be received from it Ex: Recycling cans will cost taxpayers an additional $2000 a year. As a result they will help the environment. However, this is too expensive for taxpayers.

7. Risk Assessment Assessing the risk of an undesirable outcome Ex: What risks would you be taking if you allowed a landfill to be placed in your community?

8. Industry Worksheet

9. Wealth and Resources Influence Environmental Problems

10. Developed Countries Characteristics: high average incomes slower population growth diverse industrial economies Examples: United States Japan

11. Developed Countries' Negative Impact on the Environment 1) Using up natural resources quickly 2) Increased amounts of pollution due to industry

12. Developing Countries Characteristics: lower average incomes large population growth simple and agriculture based economies Examples: Indonesia Mexico

13. Developing Countries' Negative Impact on the Environment 1) Animals becoming extinct due to over hunting 2) Soil nutrients destroyed due to over farming

14. Discuss Chart on Page 19 of Textbook

16. Ecological Footprint Productive area the Earth needs to support one person in a particular country. This includes: 1)Land for crops 2)Forest products 3)Housing 4)Ocean area

17. Calculate Environmental Footprint

18. What the World is Working Towards Sustainability Definition: Meeting human needs without hurting the environment.