This course is developed to teach Environmental economics to understand the fundamental concepts, subject matter, nature and scope of environmental economics and key environmental issues and problems. The objective is to develop a good understanding of market failure and externalities, Pareto efficiency, maximum social welfare and perfect competition, measures to control pollution and externalities, Pigouvian tax and subsidies, Compensation criterion, social choice and justice, property rights and Coase theorem. The purpose of this course is to provide students with a basic understanding of the cost of environmental growth and environmental degradation, sustainable policy approach to check environmental degradation, sustainable development approaches, green accounting, methods of environmental valuation, Environmental concerns like climate change: global warming, ozone depletion and Bio-diversity loss, policy instruments for environmental protection, environmental education , environmental awareness, environmental laws, environmental hazards and disaster management, environmental risk analysis and uncertainty, economics of recycling and waste management. Environmental economics is a discipline of economics that focus on economic effects of environmental policies around the world. It is a science focus on natural resources and efficient allocation, management including alternatives, environmental policies and environmental damages such as air, water soil pollution, solid waste management, and global warming etc. The relationship between the economy and the environment that places in context many of the activities undertaken by environmental economists, in particular, environmental policy design and implementation. The model we develop draws attention to some of the key relationships between the economy, the environment, and the varying importance attached to these relationships by the environmental economics profession.This is an exciting field of economics to study, and very much at the heart of many public debates and controversies.
Course Layout Week – 1 1.Fundamental concept of environmental economics2.Meaning and subject matter of environmental economics3.Nature and scope of environmental economics4.Key environmental issues and problems Week – 2 5.Market failure and externalities6.Pigouvian taxes and subsidies7.Pareto efficiency / optimality8.Property rights and Coase theorem Week – 3 9. WTO and Environmental issues10.Environmental Kuznets Hypothesis11.Approaches to the allocation of public goods and Tradable permits12.Environmental quality : AIR, WATER, FOREST, LANDWeek – 4 13.Non market values and measurement methods14.Sustainable policy approach to check environmental degradation15.Cost benefit analysis of environmental regulations16.Limits to growth and Social limits to growth model Week – 517.Economics of Recycling and waste management18.Sustainable development rules and principles19.Green marketing and clean technology20.Methods of environmental valuation Week – 621.Poverty and environment22.Land degradation and environment23.Bio-Diversity conservation and environment24.Environmental management systems and environmental auditing Week – 7 25.Integrated environmental and economic accounting26.Role of information in the health of the Environment27.Policy instruments for environmental protection28.Environmental education Week – 829.Environmental laws in India30.Economic approach and ecological approach31.Environmental hazards and disaster management32.India's Environmental Policy and Legislation Week – 9 33.International environmental policy34.Environmental Risk Analysis35.Women, environmental human rights and ethics36.Environmental pollution and policies Week – 1037.Air pollution and climate change38.Pollution of water resources and their management39.Deforestation and extinct of bio diversity40.Economics of climate change Week – 11 41.Risk Assessment and perception in Environmental Economics42.Inter linkages between environment and e-governance 43.Waste (e- waste) management and environmental issues44.Population, human health and environment linkages Week – 12 45. Health, Safety and Environmental (HSE) modern practices46. Agro Economics and Environmental Science