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Introduction to
Ecological
Economics
The Human
Sub-System
Module Topic:
Distribution,
Accounting (national),
Monetary and Fiscal
Policy; Money
Course Learning
Outcome(s):
1. Formulate a
whole system
approach to the
human subsystem
structure and
function.
Module Outcome(s):
1. Critique
conventional
theories of
macroeconomic
s from
empirical
validity of
underlying
assumptions to
desirability of
theoretical
outcomes.
Sub-Module
Outcome(s): Money
2. Analyze the
current
monetary
system, identify
its strengths and
weaknesses,
investigate
more
sustainable, just
and efficient
alternatives
Activities:
Answer one of the two
following questions:
At the end of this section
you should be able to
answer the following
questions:



 What alternative to
GNP can address those
shortcomings?

Accep
ting the
goals of
EE, How
would you
use
monetary
and fiscal
policy to
solve the
current
financial
crisis?
 How
would you
use
monetary
and fiscal
policy to
achieve
the goals
of EE?
 How
would you
use
monetary
and fiscal
policy to
solve your
problem?
Sub-Module
Outcome(s): Distribution
3. Analyze the
current
distribution, the
role of
distribution in
quality of life
and economic
efficiency.
Examine
mechanisms for
creating a more
desirable
distribution.
Activities:
Sub-Module
Outcome(s):
GNP/National Accounts
4. Assess the
effectiveness of
GNP and it’s
alternatives as
measures of
economic
welfare.
Activities:
1.
2.
Go to the
newspaper and find
3 issues related to
your projects that
effect GNP. 3
issues related to
your projects that
effect human
welfare but have no
impact on GNP. Do
the activities that
affect GNP do so
appropriately? I.e.
is there a direct
relationship (when
one increases so
does the other and
vice versa). How
does society’s goal
of an increase GNP
effect the decision
making process
about issues
relevant to your
project?
Describe how one
of the alternative
mechanisms we’ve
studied would
address the
shortcomings of
these activities.
(one page paper)
Sub-Module
O
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(
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F
r
a
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t
a
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y
a
n
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F
i
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a
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P
o
l
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c
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5. Apply monetary
and fiscal policy
to achieve
ecological
economic goals.
Activities::
1.
Context of current
financial crisis how
would you apply
monetary and fiscal
policy to achieve
ecological
economic goals.
Pretend you are an
advisor to
Bernanke and
Bush. What would
you do?
2.
View the video on
the Subprime
mortgage crisis
explained.
(youtube)
3.
Self Check:
Submit as Proof(s) of
Learning:
For more information about
this module and its contents,
contact your instructor.