Course info

Course Objective: 

The course aims to discuss the various approaches of sustainable development, emergence of the concept of sustainable development and role of environment in sustainable development. It also deals with international and domestic environmental issues and the new economic framework of genuine well-being and happiness.

Course Outcomes:  The students will be able to

1

Critically appreciate the relevance of environmental economics in linking the notions of sustainable development.  

2

Understand the various approaches of sustainable development and how they are different from each other.

3

Understand various trans-national environmental issues.

4

Follow various issues related to energy, water, land, transport issues in association with the environmental concerns in India

5

Appreciate the emergence of genuine wealth and its relevance in the new economic framework of well-being

6

Comprehend the effects of globalization on environment.

Course Content:  

 UNIT I

The concept of Development and emergence of a new paradigm: Sustainable Development. Pursuits of Sustainable Development. Aspects of Sustainable Development : Economic, Ecological and Social, a Synthesis

10 hrs

UNIT II

Theory of Sustainable Development: Rules of sustainable development and Indicators: The Hartwick-Solow approach, Non-declining natural capital stock approaches, The SMS approach, Daly’s operational principles, The Common-Perrings model of SD, ‘Distance to goals’ approach.

10 hrs

 UNIT III

Trade and Environment: Trade, Foreign Investment and the Environment. Ecological dumping and standards

10 hrs

UNIT IV

Trans-national Pollution. Porter’s hypothesis, race to bottom and pollution haven hypothesis.

Globalization, Economic Reforms and the Environment

10 hrs

 UNIT V

Environment and Economic Growth

i)              Indian Energy and Environment issues

ii)             Water, Land Transport and Urban development issues

10 hrs

UNIT VI

Genuine Wealth and Sustainable Development

The Genuine Wealth Model : Defining genuine wealth , Old Economy of scarcity and new economy of well-being, Five Capital of Genuine wealth. Genuine wealth assessment life cycle. Genuine wealth models of communities and nations. Gross National Happiness: Case of Bhutan

10 hrs

Internal Assessment: 

 CIA 1

Unit I, Unit II 

 CIA 2

Assignment submission and/or presentation 

Text Books: 

1.       Jonathan M. Harris (2000): “Basic Principles of Sustainable Development” G-DAE Working Paper No. 00-04.

 Reference Books: 

2.       Bruno S. Frey , Economics Of Happiness, Springer International Publishing,2018

3.       Kanchan Chopra and VikramDayal (Ed). Hand book of Environmental Economics,Oxford University Press 2009.  

4.       Sengupta, R.P, “Economics in India. Prospects and policies of low carbon Economic growth in India”, NIPFP Publications 2010.

5.       Peter Meier and Mohan Munasinghe,Sustainable Energy in Developing Countries: Policy Analysis and Case Studies,Cheltenham: Edward Elgar.