Tuesday, October 16, 2012

Water Economics

The MRUniversity has a new course set in water economics.  To understand our future water economy you have to understand water economics.  This is an excellent starting point.

The course covers:
  • The effects water monopolies can have on consumers.
  • The pros and cons of water privatization in developing nations, including major examples form Buenos Aires, Bolivia, Saudi Arabia, and Yemen.
  • Why it's so hard to regulate private companies - - effectively what can happen to the price of water when it is interfered with through subsidies and price controls.
  • The tragedy of the commons in water economics.
  • How water ethics influences the actual supply of water.
  • And finally, what happens when countries engage in trading water commodities.

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