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Before we begin, I would like to very much emphasize the importance of doing the readings. These lectures, both written and video, are here to help you understand how to apply the readings to the overall topic of the course. Lectures are based upon the readings and are intended to help you with understanding how this material applies to nonmarket strategies and renewable energy markets. This goes for this lecture and all lectures in this course. If there is a question that appears on a quiz or a test or any other kind of assessment that is based on the readings but does not appear in the notes, you are still responsible for this knowledge. Sometimes, the readings can be difficult to understand, or you encounter unfamiliar terminology, or some stretches of the reading might not seem so relevant at the moment. I encourage you, in such cases, to do your best and to be patient with yourself (and me). But, where time is of the essence, I encourage you to also be efficient.
A comprehensive approach to non-market strategies requires that these strategies need to be understood in relation to markets, market performance, externalities, and unintended consequences. This lesson provides concepts and definitions that are the key to unlocking the major topics of the course, including a) market environments, b) nonmarket environments, c) integrative strategy, d) sustainability and systems thinking, and e) renewable energy technology and business environments.
Learning Objectives
By the end of this lesson, you should be able to:
- identify the elements of markets;
- define market order and economic coordination;
- explain the social dimensions of markets; and
- describe the various forms of markets and how markets are bounded.
What is due for Lesson 1?
This lesson will take us one week to complete. Please refer to the Course Syllabus for specific time frames and due dates. Specific directions for the assignment below can be found within this lesson.
| Requirements | Assignment Details |
|---|---|
| To Do | Read and familiarize yourself with all the Lesson 1 materials. |
| Read |
|
| Assignment |
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Questions?
If you have any questions, please post them to our Questions? discussion forum (not e-mail), located under the Discussions tab in Canvas. While you are there, feel free to post your own responses if you, too, are able to help out a classmate.