Week 1

Question 1

What is Doughnut Economics?

Answer 1

Two Centric rings:
1. The social foundation – below
which lies critical human
deprivation.

2. The ecological ceiling – beyond
   which lies critical planetary
   degradation
   Raworth.

Question 2

Neoclassical Goal

Answer 2

Increase gross domestic product (GDP)

Question 3

New Goal

Answer 3

Meeting the human rights of every person within the means of our life-giving planet

Question 4

First Law of Thermodynamics

Answer 4

states that there is only so much matter/energy on the
earth - no creation of matter/energy, no destruction of it. (Earth is a semi-closed
system)

Question 5

Second Law of Thermodynamics

Answer 5

states that there is only so much matter/energy on the
earth - no creation of matter/energy, no destruction of it. (Earth is a semi-closed
system)

Question 6

Homo economicus

Answer 6

1. self-interested
2. isolated
3. Hyperational
4. Fixed in taste
5. Dominant over nature

Question 7

Homo social

Answer 7

1. Social
2. Interdependent
3. Approximating
4. Fluid in Values
5. Dependant on nature