B.A. (HONS) Business Economics Semester VI – Paper XXI
Environmental Economics
Guidelines for paper xxi ENVIRONMENTAL ECONOMICS formulated following the meeting held on 19th December 2007 for the second semester of 2007-2008
Unit 1 Economics and Environment
a. The material balance perspective –c h 1 (page 15-22)
b. Environment and Ethics – ch 2 (page 28-38)-- both a & b from R. Kerry Turner, David Pearce and Ian Bateman: Environmental Economics:- An Elementary Introduction (1994) Harvester Wheat sheaf (5 marks)
Unit 2 Environment and Development
a. Sustainable Economic Development, Strategies for Sustainable Development State of Environmental Degradation (Indian Context)- ch 5 Ravindra N. Bhattacharya, (Edited): Environment Economics – An Indian Perspective, OUP, 2001
b. Concepts of sustainability – page 56-66 – Perman et al: Natural Resources and Environmental Economics, Longman Publication, 1996.
c. Environmental Accounting – ch 14- Perman (15 marks)
Unit 3 Externalities
Concept, Environment as a Public Good and Market Failure, Economic Valuation of Environmental Goods – page 93, Appendix - -page 114 Ch 10- Perman et al: Natural Resources and Environmental Economics, Longman Publication, 1996. (10 marks)
Unit 4 Economic Instruments to Correct Externalities
Coase Theorem, Pigovian Taxation/ Subsidies – Policy Implications, Instruments, Command and Control (CAC) Methods, Market Based Instruments (MBI) –Ch 9 - Perman et al: Natural Resources and Environmental Economics, Longman Publication, 1996. (15 marks)
Unit 5 Environmental Regulation and Policies
a. Environmental Regulation and Policies(Indian Context) – Ch 3 Ravindra N. Bhattacharya, (Edited): Environment Economics – An Indian Perspective, OUP, 2001
b. Global Environmental Issues and Initiatives – International Environment Policy: Acid Rain – ch 22 page 299-306; Climate Change Ch 19 page 267-279 - R. Kerry Turner, David Pearce and Ian Bateman: Environmental Economics:- An Elementary Introduction (1994) Harvester Wheat sheaf (10 marks)
Unit 6 Environmental Management System
Environmental Management System- ISO 14000 – Ch 3 & 4 page 38 &41, 69-74 & 83 – Welford, J. Environmental Management System (5 marks)
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