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Economic Values of the Galapagos Islands

            The Galapagos Islands are one of the most unique biospheres on Earth. Its individuality not only draws the attention of travelers and explorers, but even Charles Darwin was impacted by the islands. Located around the equator 1,000 miles off the coast of South America, the Galapagos Islands are inhabited by some of the rarest species on the planet. Because these animals can only be found on these islands, many research stations and preservation methods are taking place to try to keep the islands as much the same as they were in 1485 when the Chimu first visited the islands. The climate on the islands largely pertains to the ocean currents. Cold currents bring on fog and mist making the months between June and December rather cold and dry while warmer currents bring in a rainy, warm season throughout the rest of the year. The islands of Galapagos are almost entirely volcanic rock. The 13 major islands and 15 smaller islands lie 800 to 1100 km. west of Ecuador, sitting on both sides of the equator and extending over 3 degrees East-West and 3 degrees North-South, or approximately 300 km total range in each direction. The total land area of Galapagos is 7882 square kilometers. Over 96% of Galapagos Islands are national park belonging on Ecuador. There is also a non-profit Charles Darwin Foundation to assist the in preservation of the islands. Still, the flora and fauna of the islands that originally attracted Darwin and inspired him to write a book, threatens the animals living there. Because of this, control centers have been established to monitor every insect and animal and their survival rate. .
             Value of the Galapagos Islands.
             Markets generally create a price or value for assets. Markets are said to either be efficient if they accurately create a price, or inefficient if they do not. In defining the efficiency of markets, one must attempt to capture an idea of the costs and benefits of gaining additional units of the asset being researched.

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