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Environmental Policy
The Total Lecture hours for this course is 60.

  • Natural Resource Accounting  10[L]
    Concept of sustainable development; Indicators of sustainability; various approaches for Environmental Accounting. 

  • Policy Instruments   20[L]
    Pigouvian taxes and subsidies; Tradeable permits; Price vs. Quantity instruments; Mixed instruments;Other instruments; Enforcement issues, Case studies.

  • Environmental Issues in India   15[L]
    Sources and types of pollution (air, water, solid waste, noise, land degradation); Causes and effects of environmental degradation; Urban and Rural environmental problems; Energy - Environment interaction. 

  • Environmental Regulation in India   5[L]
    Evolution of environmental policy; Air and water Acts; Fiscal incentives; Enforcement and Implementation issues, Environmental Impact Assessment. 

  • International Environmental Issues   10[L]
    Trade and environment in the WTO regime; Eco-labeling; Causes and consequences of ozone depletion and climate change, Rio conference (Agenda 21); Protocols relating to climate change ;Ozone depletion and biodiversity. 

L: 60 [L: Lectures] 


  • Baumol, W. J. and Oates, W. E. The theory of environmental policy. Cambridge: Cambridge University Press, 1988. 

  • Dixon, J. Economic Analysis of Environmental Impacts. London: Earthscan Publications, 1994. 

  • Freeman III, A. M. The Economic Approach to Environmental Policy. Cheltenham, U.K.: Edward Elgar, 1998.

  • Mehta, S.; Mundle, S. and Sankar, U. Incentives and regulation for pollution control. Sage Publishers, 1997.

  • United Nations. Accounting and Valuation of Environment, Vol. II and I: A primer for developing countries, New York: ESCAP, 1997

  • Sankar, U. (ed.). Environmental Economics (Readers in Economics), 2000 


  • Georgiou, S., Whittington, D., and Pearce, D. Economic Values and the Environment in Developing World. Cheltenham, U.K.: Edward Elgar, 1997

  • Bohm, P. and Russell, C. "Comparative analysis of alternative policy instruments", in Allen Kneese, V. and Sweeney, J.L. (eds.) Handbook of natural resource and energy economics. North Holland, 1985.

  • Maler, K. G. "International environmental problems", in Markandya, A. and Richardson, J. (eds.) Earthscan reader in environmental economics. London: Earthscan Publications, 1993. 

  • Government of India. Policy statement for abatement of pollution. New Delhi: Ministry of Environment and Forests, Government of India, 1992. 

  • Opschoor, J. B. and Vos, H. B. Economic instruments for environmental protection. OECD and OCDE, 1989. 

  • Sankar, U.; Mythili, G. and Anuradha, R. Environmental problems in India’s energy sector and policies for corrective action (Project Report). Chennai: Madras School of Economics, 1996. 


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