Introduction to Environmental Economics

Week 1 : Meaning, Definition and Relevance of Environmental Economics; Basic Concepts and Tools from Microeconomics and Welfare economics; Comparison with Other Sub-disciplines like Ecological Economics and Natural Resource Economics; Major Problems and Key Concerns of Environmental Economics; Commons and Collective Actions Problem: Seminal Theories (Part-1)

Week 2 : Commons and Collective Actions Problem: Seminal Theories (Part-2 & 3); Mancur Olson's Theory of Collective Action; Collective Action and Prisoner's Dilemma Game; Governing the Commons: The Evolution of Institutions for Collective Action (Part-1)

Week 3 : Governing the Commons: The Evolution of Institutions for Collective Action (Part-2); Environmental Goods and Ecosystem Services; Ecological Footprints

Week 4 : Poverty, Environment and Economic Growth Linkages-Environmental Kuznets Curve

Week 5 : Environmental Sustainability; Environmental Performance Index; Benefit-cost Analysis

Week 6 : Consumer Demand of Environmental Goods and Welfare Effects of Price Change; Values, Environmental Values and Non-market Valuations: Revealed Preference Methods (Part-1)

Week 7 : Environmental Values and Non-market Valuations: Revealed Preference Methods (Part-2); Stated Preference Methods

Week 8 : Market-efficiency, Optimality, Consumers and Producers Surplus

Week 9 : Optimal Provision of public Goods and Bads; Externality and Market Failure; Pigouvian Fee

Week 10 :Property Rights and Coase Theorem; Environmental Regulation and Basic Regulatory Instruments: Introduction

Week 11 :Command and Control Approach; Environmental Regulations and Basic Regulatory Instruments-Market-based Instruments/Approaches (Part 1 & 2)

Week 12 :Environmental Regulations and Basic Regulatory Instruments-Market-based Instruments/Approaches (Part 3 & 4); Environmental Regulation and Basic Regulatory Instruments-Market Trading Systems