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Course Name (English)
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ENVIRONMENTAL ECONOMICS
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| Course Code |
ECO646 |
| Course Description |
This is a one semester introductory course in environmental economics . The course syllabus include environmental issues , problems and policies . Example of local , foreign and international environmental issues are touched , problems and policies are discussed and differentiated . Wherever possible models are used to test understanding of the above . |
| Transferable Skills |
1.Demonstrate ability to identify and articulate self skills, knowledge and understanding confidently and in a variety of contexts.
2.Demonstrate ability to analyze issues from multiple angles and make suggestions.
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| Teaching Methodologies |
Lectures, Case Study, Tutorial, Discussion, Presentation |
| CLO |
| CLO1 |
To explain concepts and theories of environmental economics. |
| CLO2 |
To analyze environmental issues/ problems with relevant theories/ concept of environmental economics |
| CLO3 |
To integrate social responsibility with elements of environmental economics for the wellness of the community. |
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| Pre-Requisite Courses |
No course recommendations |
| Topics |
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1. Introduction and Overview
1.1) Definition , scope and subject matter of environmental economics
1.2) Natural resources , renewal and non-renewable
1.3) Materials Balance Model
1.4) Basics concepts of pollution
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2. GDP growth and quality of life
2.1) GDP and economic efficiency
2.2) GDP and social welfare
2.3) Concepts of green GDP
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3. Competitive model and social welfare
3.1) The case of private and public goods
3.2) Competitive & efficient equilibrium
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4. Environmental externalities
4.1) The concept of externality
4.2) Public good issues
4.3) Absence of propety rights
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5. Response to environmental externalities I
5.1) Moral approach
5.2) Command & control method
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6. Response to environmental externalities II
6.1) The market approach
6.2) Pollution charge, deposit refund system, pollution permits
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7. Benefit –cost analysis
7.1) Incremental benefits & costs
7.2) Matching benefits and costs
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8. Economic development , poverty and population growth and the
8.1) The environmental Kuznets curve
8.2) Pollution- haven hypothesis
8.3) Poverty and environmental relationship
8.4) Roles of developed nations
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9. Air pollution
9.1) Defining air quality
9.2) Sources of air pollutants and effects
9.3) Improving air quality
9.4) Acidic deposition
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10. Water pollution
10.1) Defining water quality
10.2) Causes and effects of water pollution
10.3) Improving water quality
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11. Solid waste
11.1) Toxic and non-toxic wastes
11.2) Sources and effects of solid wastes
11.3) Control of solid wastes
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12. Deforestation and Specie decimation
12.1) Importance of forest and biodiversity
12.2) Causes and effects of deforestation
12.3) Sustainable forest management
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13. Global issues
13.1) Ozone depletion: sources, effects & control measures
13.2) Global warming: sources, effects & control measures
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14. Environmental conservation
14.1) Role of public sector
14.2) Role of private sector & NGOs
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| Assessment Breakdown | % |
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| Continuous Assessment | 100.00% |
| Details of Continuous Assessment |
| Assessment Type |
Assessment Description |
% of Total Mark |
CLO |
| Assignment |
Topics 2, 8 - 13: Growth & environment, Air (including global) & water pollution, water pollution, waste & deforestation. |
30% |
CLO2
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| Group Project |
Organizing and handling a project that helps spread environmental awareness and/or tackles environmental problem(s) in the community |
40% |
CLO3
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| Quiz |
Topics 1, 3 & 4 - Introduction, Competitive model, Externalities |
10% |
CLO1
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| Test |
Topic 4-7 - Externalities, Responses to externalities. (CAC, Market approaches), Benefit cost analysis |
20% |
CLO1
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| Reading List | | Recommended Text | - Scott J. Callan, Janet M. Thomas 2013, Environmental Economics and Management: Theory, Policy and Applications, International Edition, 6 Ed., Cengage [ISBN: 1133584721]
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| Reference Book Resources | - Barry Field & Martha K, Field 2013, Environmental Economics: An Introduction, international Edition 6th Ed., McGraw - Hill [ISBN: 007351148X]
- Tom Tietenberg 2006, Environmental & Natural Resource Economics, 5 Ed., Addison Wesley [ISBN: 0131392573]
- Eban S Goodstein 2005, Economics and the Environment, 4 Ed., Wiley [ISBN: 0470561092]
- Economic Planning Unit 2011, Tenth Malaysia Plan 2011-2015, Prime Minister Department [ISBN: 978-967584208]
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | This Course does not have any other resources |
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