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◄Faculty of Economics and Administration►



                 EQD 7006 SUSTAINABLE DEVELOPMENT AND ENVIRONMENTAL MANAGEMENT
                 Learning Outcomes             At the end of this course, students are able to:

                                               (1) Explain   the    relationship   between     sustainable
                                                   development and the environment.
                                               (2) Assess     how     sustainable    development      and
                                                   environmental  management  is  affected  by  economic,
                                                   social and political Institutions.
                                               (3) Compare the cost benefit impact of environment in the
                                                   environment policy assessment.
                                               (4) Suggest solution to environmental management policies
                                                   and programmes.
                 Synopsis of Course            The course begins with an overview of global issues of the
                 Contents                      interaction   between    sustainable   development     and
                                               economics, social and the environment. It will focus on the
                                               principles  and  practices  of  economic  development  as
                                               viewed from the perspective of sustainability. In this context,
                                               the    interdependence     between     development     and
                                               environmental  management  and  conservation  will  be
                                               explored.  It  will  then  proceed  to  examine  the  common
                                               underlying  causes  of  environmental  degradation,  including
                                               market  and  policy  failures.  Understanding  of  various
                                               environmental  issues  will  lay  the  foundation  for
                                               understanding  the  policy  approach  to  environmental
                                               management and conservation. Efficient and cost-effective
                                               controls for a variety of pollutants will then be defined and
                                               compared  with  those  achieved  by  the  market  forces.
                                               Various policy instruments to be discussed include emission
                                               standards,  emission  charges  and  transferable  emission
                                               permits. The traditional “command-and-control” approach to
                                               pollution control will also be highlighted. The final section is
                                               devoted to discussions on the Cost-Benefit Analysis (CBA)
                                               and  Environmental  Impact  Assessment  (EIA)  as  choice  of
                                               instruments for evaluating environmental policies.


                 Assessment                    Continuous Assessment  : 70%
                                               Final Examination            : 30%

                 Main Reference                 (1) Tietenberg,  T  (2014),  Environmental,  and  Natural
                                                   Resources  Economics,  10  th  ed,  Prentice  Hall,  New
                                                   Jersey.
                                                (2) Peter P. Rogers, Kazi F. Jalal, John A. Boyd (2012) An
                                                   Introduction to Sustainable Development, Routledge.
                                                (3) Barry  C.  Field  and  Martha  K  Field  (2013)
                                                   Environmental  Economics:  An  Introduction,  McGraw-
                                                   Hill; 6th Revised edition.
                                                (4) Lesser,  Jonathan  A.,  D.E  Dodds  and  R.O  Zerbe,  Jr.
                                                   (1997), Environmental Economics and Policy, Addison-
                                                   Wesley Educational Publishers Inc. USA.
                                                (5) Baumol,  Williams  and  Wallace  Oates  (1988),  The
                                                                                       nd
                                                   Theory  of  Environmental  Policy,  2   ed,  Cambridge,
                                                   University Press, New York.
                                                (6) Pearce,  D.W.  and  R.  K.  Turner  (1990),  Economics  of
                                                   Natural  Resources  and  The  Environment,  Harvest



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