What This Document Is
This document presents lecture material from an Introduction to Economics course at the University of California, Berkeley, specifically focusing on large-scale water projects. It delves into the economic considerations surrounding the development and management of significant water infrastructure, examining the historical context and evolving perspectives on water resource allocation. The lecture explores the role of both federal and state agencies in water supply and distribution.
Why This Document Matters
This resource is ideal for students enrolled in introductory economics courses, particularly those with a focus on environmental economics, public finance, or resource allocation. It’s beneficial for anyone seeking a deeper understanding of the economic principles at play in large infrastructure projects and the complexities of water management. Reviewing this material can enhance comprehension before or after class discussions, and provide a solid foundation for further study on related topics.
Topics Covered
* The historical development of large water projects in the Western United States.
* The economic justifications for government involvement in water supply.
* The role and functions of key agencies involved in water project development (Bureau of Reclamation, Army Corps of Engineers, State Water Project).
* The concept of water subsidies and their economic effects.
* Distributional consequences of water projects and related policies.
* The evolving perspectives on water resource management.
What This Document Provides
* An overview of the Central Valley Project and the State Water Project.
* A discussion of the various factors influencing water project investment decisions.
* An examination of the components contributing to water subsidies.
* Insights into the complexities of water rights and contracts.
* A framework for understanding the economic impacts of large water projects on agriculture, urban areas, and the environment.
