Courses Catalogue

Natural Resource And Environmental Economy

COURSE CODE: ENV2103
COURSE CREDIT UNIT: 4
ACADEMIC PROGRAMME: Environmental Management, Bsc
COLLEGE/SCHOOL/FACULTY: School of Natural and Applied Sciences
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Content and Outline

COURSE CONTENT

 

TOPIC

CH

The Economy and the Environment

·         Introduction to environment economics

·         Basic economic concepts

·         Economic systems

·         Production and costs

·         Economics of Sustainable Development

·         Sustainability rules

·         Strong and weak sustainability, Indicators of sustainability

·         Environment-economy linkage.

 

15

Economic Efficiency and Markets

·         Markets

·         Demand & Supply,Elasticity of demand & supply

·          Price & pricing; common terms used in pricing

·         Equilibrium

·         Price legislation

·         Market structure

·         Market efficiency

·         Causes of Market & policy failures

·         Incomplete markets; Externalities

·         Asymmetric information

·         Non-exclusion and non-rivalry

·          Common property and public goods; Open access and common property solutions.

 

15

Natural Resource Decisions

·         Renewable & non-renewable resources

·         Growth curves and rates of exploitation

·         Maximum Sustainable Yield

·         Management policies

·          Economics of exhaustible resources

·         Resource prices

·         Optimal use of exhaustible resources

·         Backstop technology

·         Discount rates

·         Natural resource/green accounting.

·         Methods of Valuing the Environment and Natural Resources: Measures of Economic value; Attaching value to natural resources; Revealed preference methods; Stated preference methods.

 

15

Economics of Pollution Control

·         Pollution problem

·         Economics of pollution, Optimum level of pollution;

·         Economic incentives for protecting the environment; regulating the market.

·         Policy instruments for environmental protection

·         Financing environmental investments/projects.

15

 

MODE OF DELIVERY

  • Lectures
  • Reading assignments
  • Practical assignments
  • Hands-on work in the industry

 

INSTRUCTIONAL MATERIALS AND / OR EQUIPMENT

  • Whiteboard and Markers
  • Flip Charts
  • LCD Projectors
  • CDs, DVDs and Tapes