I have made a study plan on the field I will work on, i.e. ecological economics, for this July and August prior to taking up the new challenge of MPhil in September. The plan is as follow:
- early July to early Aug : theoretical foundations of the EE
- mid to late July: latest development in the applications of EE
- early to late Aug: latest development in the ecological-economics valuation approaches and the status of urban greening in Hong Kong
That means I should be looking at the applications of EE now but it is obviously too ideal because 1) readings on the theoretical foundations are flooeding on my desk as I get too many to go thru, and I am attracted to stay in the old stuffs for the fact that they are intellectually important as well as interesting; 2) it seems that some applied researches involve a lot more technical elements that I expect. I find myself having less knowledge base to fully understand those I am interested in, such as multicriteria analysis and deliberative monetery valuation. The former is mathematical-oriented enough while the latter covers psychology and values as well.
Sometimes I feel a bit painful whenever it has a few seemingly complex mathematical equations in the text. I am not that blind in maths actually but the fact that I received no formal training in econometrics did contribute to my weakness here (I am a Finance graduate though!).
Just a few words more. Unfortunately we have no one in HK ever attempting these two methods, nor try to do the 'lighter' attempts, I mean, single-dimension economic valuation (so that my supervisor and I are hungry to do this). Nothing being done here means we can do a lot, as long as someone needs it.
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