Enviromental Economics

1.      Course title – overview (100 words) along with pedagogy:

Environmental Economics has now turned into subject from topic since the negative and adverse consequences of pursuit of growth and mad race for higher and faster development. It has gained an inter-disciplinary and trans-disciplinary feature. This course is meant for Graduate and Post Graduate students and for those who want to do research and gain better understanding of the subject. The analytical framework is based on market forces-demand and supply with some numerical examples and descriptions. The course covers Environment and Ecology, Market Failures - Public Goods and Externalities, Government Policies- Different type of Regulations, Market based Policies, Environment Risk Analysis, Risk-Analysis, Cost-Benefit Analysis, Sustainable Development, Environmental Accounting, Climate Change and issues related to Global Environmental Management. The proliferation of the subject is owing to sensitivity of seriousness of environmental problems and its feasibility in relation to fundamental principles of Economics.

2.      Objectives of the course (100 words):

The major objective of this course is to understand the evolving and fast growing aspects of environmental problems and its relationship with Economics. Environmental economics will help students understand some important and controversial issues — such as climate change policy, nuclear power, recycling policy, and traffic congestion charging. This is an exciting field of economics to study, and very much at the heart of many public debates and controversies.

Course in environmental economics will vary in the emphasis students give to these issues — and some may also discuss issues of natural resource scarcity as well. Mostly the course will include some microeconomic theory, looking at how firms and individuals behave when production or consumption involves externalities. Some sessions may also look at the methods used to measure environmental benefits. But analysis of policy issues will be an important part of nearly all modules in environmental economics.

3.      Eligibility for enrollment (25 words):Those who have passed students 10 + 2 with any  subject specializations

4.      Course prerequisite, intended audience and reading materials

·         Prerequisite for admission in these courses will be 10 + 2 with any subject specializations (Preferably economics).

·         Intended for any interested students of any background who want to learn Environmental Economics fundamentals. 

·         Reading materials References and web links provided in 3rd quadrant in all lectures