Environmental Economics

By PROF. RAVINDRA KUMAR . B   |   DOS in Economics and Research Tumkur University
Learners enrolled: 686
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 Status : Ongoing
Course Type : Elective
Duration : 16 weeks
Start Date : 09 Jan 2023
End Date : 20 May 2023
Exam Date :
Enrollment Ends : 15 Mar 2023
Category :
  • Multidisciplinary
Credit Points : 5
Level : Undergraduate

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Course layout

Course Layout
Week – 1 

1.Fundamental concept of environmental economics
2.Meaning and subject matter of environmental economics
3.Nature and scope of environmental economics
4.Key environmental issues and problems

Week – 2 

5.Market failure and externalities
6.Pigouvian taxes and subsidies
7.Pareto efficiency / optimality 
8.Property rights and Coase theorem

Week – 3

9. WTO and Environmental issues
10.Environmental Kuznets  Hypothesis
11.Approaches to the allocation of public goods and Tradable permits
12.Environmental quality : AIR, WATER, FOREST, LAND  
Week – 4

13.Non market values and measurement methods
14.Sustainable policy approach to check environmental degradation
15.Cost benefit analysis of environmental regulations 
16.Limits to growth and Social limits to growth model

Week – 5
17.Economics of Recycling and waste management
18.Sustainable development rules and principles
19.Green marketing and clean technology
20.Methods of environmental valuation

Week – 6
21.Poverty and environment
22.Land degradation and environment
23.Bio-Diversity conservation and environment
24.Environmental management systems and environmental auditing

Week – 7

25.Integrated environmental and economic accounting 
26.Role of information in the health of the Environment 
27.Policy instruments for environmental protection
28.Environmental education

Week – 8
29.Environmental laws in India
30.Economic approach and ecological approach 
31.Environmental hazards and disaster management
32.India's Environmental Policy and Legislation

Week – 9

33.International environmental policy
34.Environmental Risk Analysis 
35.Women, environmental human rights and ethics
36.Environmental pollution and policies

Week – 10
37.Air pollution and climate change 
38.Pollution of water resources and their management
39.Deforestation and extinct of bio diversity 
40.Economics of climate change

Week – 11

41.Risk Assessment and perception in Environmental Economics
42.Inter linkages between environment and e-governance   
43.Waste (e- waste) management and environmental issues 
44.Population, human health and environment linkages

Week – 12

45. Health, Safety and Environmental (HSE) modern practices 
46. Agro Economics and Environmental Science

Books and references

1. J.P. Sharma, 2011. Environmental Studies. University Science Press.
2. P.D. Sharma, 2009. Ecology and Environment. Rastogi Publications.
3. Masters, Gilbert M, 2008. Introduction to Environmental Engineering and Science.PHI publication.
4. Asthana D. K. , Meera asthana, 2019. A Textbook of Environmental Studies. S Chand & Co Ltd.
5. Shashi Motilal, Bijayalaxmi Nanda, 2006. Human Rights, Gender and Environment Allied Publishers
6. Rajagopalan R, 2015. Environmental Studies. OUP India

Instructor bio


DOS in Economics and Research Tumkur University
Prof. Ravindra Kumar. B, Course coordinator is serving as Professor of Economics at the DOS in Economics and Research Tumkur University, Tumkur University, Tumkur , Karnataka – 572 103. He had 28 years of teaching, research and administrative experience. He developed curriculum for Master Degree courses, taught computer applications, conducted a dozen major projects and participated in hundreds of academic ventures, in several institutions. 

Course certificate

Assessment/Assignment marks will be considered for Internal Marks and will carry 30 percent for overall Result.

End Term Exam- will have 100 questions and will carry 70 percent of  overall Result.

*All students, who obtain 40% marks in in-course assessment and 40% marks in end-term proctored exam separately, will be eligible for certificate and credit transfer.

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