NDSS Academy

Environmental Economics (B.A Economics)

Economy-environment links, market failure, pollution control instruments and sustainable development.

6 MonthsDuration 5Chapters26Topics
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Syllabus · पाठ्यक्रम

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01Unit 1: Economy and Environment 5 topics
  1. Meaning and scope of environmental economics
  2. Economy-environment interlinkages
  3. Materials balance model
  4. Environment as a public good
  5. Environmental Kuznets curve
02Unit 2: Market Failure and Externalities 5 topics
  1. Externalities: positive and negative
  2. Public goods and free rider problem
  3. Common property resources and the tragedy of the commons
  4. Pigouvian solution
  5. Coase theorem and property rights
03Unit 3: Pollution Control Instruments 5 topics
  1. Command and control: emission standards
  2. Pollution taxes and abatement
  3. Subsidies
  4. Tradable pollution permits (cap and trade)
  5. Polluter pays principle
04Unit 4: Valuation of Environmental Goods 5 topics
  1. Total economic value: use and non-use values
  2. Contingent valuation method
  3. Travel cost method
  4. Hedonic pricing method
  5. Cost-benefit analysis of environmental projects
05Unit 5: Sustainable Development and Environmental Policy 6 topics
  1. Concept of sustainable development
  2. Weak and strong sustainability
  3. Green GDP and natural resource accounting
  4. Climate change: Kyoto Protocol and Paris Agreement
  5. Sustainable Development Goals
  6. Environmental laws and policy in India

About

You will be able to

  • Explain the links between the economy and the environment and the environmental Kuznets curve
  • Explain externalities, public goods and the tragedy of the commons as causes of market failure
  • Compare Pigouvian taxes, the Coase theorem, standards and tradable permits for pollution control
  • Describe use and non-use values and valuation methods such as contingent valuation, travel cost and hedonic pricing
  • Explain sustainable development, green GDP and international climate agreements
  • Describe India's main environmental laws and policies

Who it is for

  • B.A Semester 6 students with Economics as a major subject (UP State Universities, NEP 2020)
  • Students interested in environment-related careers and competitive exams

What you need

  • Principles of Microeconomics (demand, supply, costs)

Questions

Which syllabus does this course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus (MGKVP, VBSPU, Lucknow University and others) for B.A Economics, Semester 6. Where your own university's syllabus differs, the centre follows your university syllabus.

How will I be tested?

Unit-wise MCQ tests, short and long answer practice in university exam pattern, and a final mock paper.

Is this paper theory-heavy?

Mostly concepts and diagrams, with a few short numericals on pollution tax and green GDP.

Download the syllabus (PDF)

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