METU ESS 502Sustainable Development METUOnline

8/7/2019 METU ESS 502Sustainable Development METUOnline

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Bahar elikkol Erba

Assistant Prof. of Economics

Dept. of Economics, TOBB Un. of Economics and

Technology

E-mail: [email protected]
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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Outline

What is sustainable development?

Sustainable development as a steady

state

What do intergenerational equity andalturism mean?

Coevolution

Management Adaptively

Finale: Sustainable Development

204.04.2011 Bahar C Erbas ESS 502 Economics and Policy


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What is sustainable development? Development that meet the needs of the of the

present without compromising the ability of futuregenerations to meet their own needsAt a minimumsustainable development must not endanger the

natural systems that support life on Earth. (UN WorldCommision on Environment and Development)

Sustainable development is the common themelinking conventions to reduce the emission of greenhouse gasses and to preserve biodiversity (The EarthSummit in Rio de Janerio, 1992).

04.04.2011 3Bahar C Erbas ESS 502 Economics and Policy


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What is sustainable development?

A vague concept

Has several interpretations.

It means different things to different people.

Economist - a steady state within a natural resource or

macroeconomic growth model.

Sociologist - a socio economic system that evolves slowly

and nondestructively within its supporting ecosystem.



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Intergenerational Equity and Alturism

The present generation cares about the welfare of thefuture generations as well as the resources and the

natural environment that they inherit to them.

How resources need to be allocated over time?

Biophysical world is evolving: extinctions and random

natural events.

What does coevolution mean?

What does managing adaptively mean?



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Sustainable Development as a

Steady State



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Sustainable Development as a Steady State If an economy were simply based on the harvest of a renewable resource,

What does the sustainable development mean? Students will write the derivations given in the class.



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Intergenerational Alturism and

the Stock of Renewable

Resource



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Intergenerational Alturism and the Stock of Renewable

Resource

Suppose a renewable resource is the basis of the familyslivelihood, how do you define intergenerational alturism and

how the renewable resource is managed?



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Intergenerational Alturism and the Stock of Renewable

Resource

Equilibrium with the alturistic motive compared with the steadystate - present value maximizin optimum.



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Coevolution



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Coevolution

Stochastic evolution

Coevolution is ecological concept concerned with the dynamics of

two or more species that interact over time.

Socioeconomic system and natural environment



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Adaptive Development



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Finale: Sustainable

Development



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Is the term sustainable development operetaionally limited? Students notes the details of the discussion



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Alternative thoughts on sustainable development. Students notes the details of the discussion


Documents

METU ESS 502Sustainable Development METUOnline