Lecture 11

Economics of Mining

Today's objectives -

• To learn about sustainability and importance of stakeholder positions.
• To learn about different factors in environmental policy making.

Vocabulary -

Stakeholders -
NGOs -
Development "opportunities" -
Development "risks" -
Economic efficiency -
Net economic benefit -
Gross National Product (GDP) -
Pareto Criterion -
Equity -
Environmental justice -
Ecologic impact -
Ethics -
Public participation -
"Advancement of knowledge" -

Lecture Outline -

Who are stakeholders?
What are the positions of different stakeholders?
Environmental policy making
      Measures of economic efficiency
      Equity, Environmental justice & Ethics
      Measures of ecological impact
      Public participation
      Advancement of knowledge