Syllabus
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Course Code: MES-404 Course Name: (EL-II A)Ecological Economics |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Scope and importance of ecological economics. Economics and environmental policy; the market mechanisms and choices; benefits of environmental protection. Demand and Supply; market price and quality. Environmental externalities and the problem of social cost. Ecosystem services and their valuation. Value addition in agriculture crops; Agricultural marketing. Industrial ecology - concepts, material flow analysis and life cycle analysis | |
| 2 | Economic analysis of climate change. Benefits of controlling greenhouse gases; cost of controlling greenhouse gases; carbon trading and CDM mechanisms. Measuring the costs and benefits of pollution control. Overview of benefit-cost analysis; Economic principles of cost benefit analysis; Measurement of economic value of environment: contingent valuation method, Travel cost methods, Hedonic market methods. Market based instruments for controlling pollution; Systems of Integrated environmental accounting; Green accounting. | |
| 3 | Definition and dimensions of sustainability; global challenges of sustainable development; ecological footprint; global environmental monitoring and assessment. Guiding principles of sustainable development. Strategies for global sustainablility; national sustainable development strategies; sustainability indicators. Models of sustainability, environmental sustainability index; Global action and sustainable development; Education for Sustainability. | |
| 4 | Ecological and economic sustainability of natural resources. An economic perspective to sustainability. Instruments for implementing sustainability- Findings right prices, The Hardwick- Solow Rule, Critical rental capital; Safe Minimum Standard; Daly’s Steady State principles, World Bank Approach, Common and Perrings model. Policy implications for implementing sustainability. | |
