Ecological vs Environmental Economics Concepts

The video explains the differences between ecological and environmental economics, highlighting that they are distinct fields. Environmental economics prioritizes economic health over ecosystems, while ecological economics does the opposite. Theoretical foundations differ, with environmental economics rooted in neoclassical economics and ecological economics being more pluralistic. The video also discusses how both fields aim to integrate human, environment, and economy for sustainable development.

What is a common misconception about ecological and environmental economics?

• They both focus on technology development.

• They prioritize economic growth over environmental concerns.

• They are the same and address identical issues.

• They are completely unrelated fields.

In environmental economics, what is prioritized over the natural ecosystem?

• Cultural heritage

• Economic health

• Technological advancement

• Biodiversity

What is the primary theoretical foundation of environmental economics?

• Ecological economics

• Behavioral economics

• Neoclassical economics

• Marxist economics

How does ecological economics differ in its theoretical approach compared to environmental economics?

• It ignores sustainable development.

• It uses a singular theoretical framework.

• It focuses solely on market forces.

• It is more pluralistic and diverse.

What governs the natural economy in environmental economics?

• Market forces

• Cultural norms

• Government policies

• Ecological balance

In ecological economics, how should the economic system relate to the natural ecosystem?

• It should be completely separate.

• It should dominate the natural ecosystem.

• It should ignore the natural ecosystem.

• It should be integrated into the natural ecosystem.

What is a characteristic of the theoretical framework in environmental economics?

• It is based on ancient theories.

• It is non-existent.

• It is concise and clear.

• It is vague and unclear.

What is a major similarity between ecological and environmental economics?

• Both ignore the natural ecosystem.

• Both aim to integrate human environment and economy for sustainable development.

• Both are based on neoclassical economics.

• Both focus on economic growth only.

How do ecological and environmental economics differ in their approach to sustainability?

• Both focus solely on economic growth.

• Ecological economics is more diversified.

• They have the same approach.

• Environmental economics ignores sustainability.

What should you do if someone claims ecological and environmental economics are the same?

• Use the video to counter argue.

• Change the topic.

• Ignore the claim.

• Agree with them.