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Explore the economic implications of biodiversity loss and ecosystem functioning in this 46-minute academic lecture from the Becker Friedman Institute's Student Lunch Series. Learn how economic principles apply to understanding biodiversity losses and their impact on ecosystem services that humanity depends upon. Examine the connection between high species extinction rates and their consequences for both ecological systems and human welfare. Discover how "natural experiments" serve as research tools to measure the effects of biodiversity on human wellbeing. Gain insights into the intersection of ecology and economics as Assistant Professor Eyal Frank from Harris Public Policy demonstrates how economic analysis can illuminate the relationship between species diversity and the essential services ecosystems provide to society.
