Course Title: Environmental Economics (ECO 426)

Course Outline

(1)               Concept of Environmental Economics

(2)               Relationship between the economy and the environment

(3)               Basic Issues in Environmental Economics

(a)   Renewable and Non-renewable resources

(b)   Market failure

(c)   Externality

(d)   Private and Public goods and Common property resources

(e)   Pareto Optimality

(4)               Concept of Sustainable Development

(5)               Pollution and the economy/economic growth

(6)               Environmental Kuznets Curve (EKC)