The course provides an overview of the relationships between the environment, ecosystems, society and the economics under various governance and resource management institutions. The course will follow a well balance learning pathway combining both economic theories and policy analysis to examine the decision- making processes involved while considering environmental considerations in policy making and taking economic decisions. Various kinds of environmental issues will be discussed from both producer and consumer perspectives under different kinds of market and non-market-based institutions. Topics will include, role of technology, limits to growth, steady state economics, limitations of market- based mechanisms, economics of conservation, consumption of goods and services (food, energy and other important commodities) and preservation (threatened species and natural sources) including considerations for intergenerational transfer of natural wealth to meet some desired states of the economy in future. The course will use an interactive and experiential learning platform for learning various topics with the help of discussion sessions, small projects on policy analysis and writing exercises on current real world environmental issues and policy initiatives.
- Teacher: Rajendra Chaini