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Entrance Exam
 
 
  M.A. Programme |  Doctoral Programme
   
  Syllabus M.A. Credit Course Electives
 

Environmental Economics

  1. Semester: III/IV
  2. Number of Credits: 4
  3. Course duration: 48 hours
  4. Pattern of Evaluation: Standard

Preamble
This course is designed to introduce students to key contemporary issues in environmental economics and equip them with the tools and methodologies that are in general applied to analyze environmental problems and policies. An attempt will be made to discuss the currently debated environmental problems and policies in India and other countries.

Module 1: Economic Growth and the Environment (12 Hours)
Economic Growth and environment, Limits to growth and Sustainable Development, Environmental Kuznets Curve- Environment as an economic and social good/asset, Natural Resource (Exhaustible, renewable, common property resources) - Accounting and Natural Resource Management- Green Accounting.

Module 2: Micro foundations of Environmental Economics (12 Hours)
Dynamic Input Output analysis: Dynamic Input output Models, model for planning, projection of economic growth, measurement of economic development and growth potential, use of shadow prices in a developing economy. An Introduction to basics of CGE models and SAM.

Module 3: Supplementary Analytical Tools and Environmental Issues (12 Hours)
Valuation of Natural Resources: Direct and Indirect Methods Environmental impact assessment, Life Cycle Analysis, Pollution- Air, Water and Noise; Regional, National and Supranational dimensions of environmental degradation, Ozone Layer Depletion, Green House Gas Emissions, Global Warming, and Climate Change.

Module 4: Environmental Policy and Practices (12 Hours)
Few approaches to environmental policy: Command and control - Environmental Standards, Technology Mandates; Market based instruments - Taxes, subsidies, liability instruments tradable permits; Rehabilitation and Resettlement Policy- Kyoto Protocol; Rio debate- Relevant Case Studies.

References
1.

Dixon, J. A., and M. M. Hufschmidt, eds. (1986): Economic valuation techniques for the environment: A case study workbook. Baltimore: Johns Hopkin University

2.

Field B.C. (1997): Environmental Economics- An Introduction, McGraw-Hill International Edition, Singapore

3.

Hodge Ian (1995): Environmental Economics, MacMillan Press Ltd., London

4.

Jeroen C.J.M. van den Bergh (2002): Handbook of Environmental and Resource Economics, Edward Elgar Publishing

5.

Jinhua Zhao and Tony Fisher: Notes on Irreversibility, Sustainability and the Limits to Growth, http://econpapers.repec.org/paper/isugenres/default22.htm 

6.

Kolstad Charles (2006): Environmental Economics, Oxford University Press, USA

7.

U.Sankar (2009): Policy Instruments For Achieving Low Carbon and High Economic Growth in India (Monograph), National Institute of Public Finance and Policy, New Delhi

8.

United Nations Statistical Division: System of Environmental-Economic Accounts (SEEA) http://unstats.un.org/unsd/envaccounting/seearev 

 
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