पर्यावरण अर्थशास्त्र (सेमेस्टर -5)

Programme /Class: Degree

Year: Third

Semester: V^th

Subject : Economic

Course Title: Environmental Economics

Course outcomes:

Students should be familiar with the basic concepts of ecology environment and economy.

Students to understand the solution to environmental problems- the command and control approach, market based methods, tax tradable pollution permit, etc, carbon trading.

Students should be familiar with the concept of Sustainable development, environmental impact assessment CO5: Global and local environmental concerns.

Students should be comprehend the Local Issues of Economic Bearing related to environment & development. Students should realize the importance and influence of environment on the economy including the quality ol manpower.

Students should realize the importance to make cleaner environment so as to achieve harmonious

Credits: 5

Core Compulsory

Max. Marks: 25+75

Min. Passing Marks: 8+25

Unit

Topics

I

Introduction: Key environmental issues and problems, economic way oi thinking about these problems, basic concepts from economics; Pareto optimality and market failure in the presence of externalities; property rights and other approaches.

II

The Design and Implementation of Environmental Policy: Overview, Pigouvian taxes and effluent fees, tradable permits, implementation of environmental policies in India and international experience; trans- boundary environmental problems; economics of climate change, Kuznets Curve.(added)

III

Environmental Valuation Methods and Applications: Valuation of non- market goods and services–theory and practice; measurement methods; cost- benefit analysis of envianmental policies and regulations.

IV

Sustainable Development: Concepts; measurement; perspectives from Indian experience.

V

The Theory of Externality- Positive & Negative Externality; Public Goods; Private Goods: Public Bads; Market Failure and Pigouvian Solution- Pigouvian Tax.; Coase’s Theorem And Property Rights; Eco- Labelling: Eco-Efficiency.

VI

Social Limits to Growth Model, Green Accounting. Environmental Valuation- Meaning. Need for Environmental Valuation, Methods of Environmental Valuation; Difficulty in Measuring Environmental Values, Environmental Damages and Its Valuation.

VII

Indian Constitution and the Environment; Environmental Management- Meaning and Concept, Objectives and Goals, Obstacles; Environmental Impact Assessment: Environmental Education and Awareness-Dilemma of Environmental Ethics and Practical Problems, Environmental Education in India.

VIII

Population and Environment; Trade and Environment in the WTO Regime; Climate Change- Meaning and Concept, Ozone Depletion, Acid Rain, Global Warming and Greenhouse Effect; Indian Environmental Issues and Legislations; Role of Judiciary in Environmental Protection and Conservation; International Environmental Issuesand Legislations, Carbon Trading.