Page 70 - Buku_Panduan_Program_SME_Versi BI_Sesi_20172018

ENVIRONMENTAL ECONOMICS

EIB2004 ENVIRONMENTAL ECONOMICS
3 Credits

Pre-requisite None

Learning At the end of the course, students are able to:
Outcomes
1. explain environmental economics and related theories;
2. develop an awareness of the importance of conserving the environment; and
3. analyse environmental issues through activities outside the classroom.

Synopsis This course will focus strongly on theories of environment in order to broaden the
students’ understanding of the scope of environmental economics. The efficient
market theory emphasizes on the role of markets in achieving optimum allocation
of resources. In reality, market failure may happen under certain circumstances.
This course will emphasize the argument that market failure will lead to
externalities related to environmental problems and solutions need to be adopted
to minimise environmental degradation. Discussion will also focus on the need
for development that leads to environmental sacrifice. The course will also
highlight the issues and the state of environment in developing countries.

References 1. Callan, Scott. J and Thomas, Janet. M, 2013, Environmental Economics and
Management: Theory, Policy and Applications, Sixth Edition, The Dryden
Press
2. Tietenberg, T. And Lewis, L., 2010, Environmental Economics & Policy, Sixth
Edition, Pearson.
3. Berck, P. and Helfand, G., 2011, The Economics of the Environment, First
Edition, Pearson Addison Wesley

Soft Skills CS1, CS2, CS3
CT1, CT2, CT3
LS1, LS2

Assessment Continuous Assessment : 40%
Final Examination : 60%

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