M.A. ECONOMICS (SEMESTER-WISE) - Dr BR Ambedkar University

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DR. BHIM RAO AMBEDKAR UNIVERSITY, AGRA .M.A. ECONOMICSSEMESTER WISE - DETAILED SYLLABUSFIRST SEMESTEROPTIONAL PAPER – 104 (B)ECONOMICS OF SOCIAL SECTOR AND ENVIRONMENTUNIT 1: Welfare Economics, Social Sectors and EnvironmentPareto optimality and competitive equilibrium; Fundamental theorems of welfare economics;Externalities and market inefficiency — externalities as missing markets; property rights and Externalities,Lindahl’s equilibrium.UNIT 2: Measurement of Environmental ValuesUse values; Option values and non-use values; Valuation methods; Methods based on response tohypothetical markets, contingent valuation methods.UNIT 3: The Theory of Environmental PolicyEnvironmental externalities — Pigouvian taxes and subsidies, marketable pollution permits and mixedinstruments (the charges and standards approach), Coase’s bargaining solution and collective action;Informal regulation and the new model of pollution control, Monitoring and enforcement ofenvironmental regulation, Environmental institutions and grass root movements; Global environmentalexternalities and climatic change — Tradable pollution permits and international carbon tax, Trade andenvironment in WTO regime.UNIT 4: Economics of Natural Resource Management and Sustainable DevelopmentPage 18
DR. BHIM RAO AMBEDKAR UNIVERSITY, AGRA .Theories of optimal use of exhaustible and renewable resources; Environmental and development tradeoff and the concept of sustainable development; Integrated environmental and economic accountingand the measurement of environmentally corrected GDP; Macroeconomic policies and environment.UNIT 5: Environmental and Natural Resource Problems in IndiaMechanism for environment regulation in India; Environmental laws and their implementation; Policyinstruments for controlling water and air pollution and forestry policy; People’s participation in themanagement of common and forest lands; The institutions of joint forest management and the jointprotected area management; Social forestry — rationale and benefits.Economics of EducationHuman capital — Human capital vs. Physical capital, components of human capital.Recommended Books:• Baumol, W.J. and W.E. Oates, The Theory of Environmental Policy, Cambridge UniversityPress, Cambridge.• Berman, P., Health Sector Reform in Developing Countries: Making Health DevelopmentSustainable, Boston: Harvard Series on Population and International Health.• Blaug, M., Introduction to Economics of Education, Penguin, London.• Bromely, D.W. , Handbook of Environmental Economics, Blackwell, London.• Cohn, E. and T. Gaske, Economics of Education, Pergamon Press, London.• Fisher, A.C., Resource and Environmental Economics, Cambridge University Press, Cambridge.• Hanley, N., J.F. Shogern and B. White, Environmental Economics in Theory and Practice,Macmillan.• Hussen, A.M., Principles of Environmental Economics, Routledge, London.• Jeroen, C.J.M. van den Bergh, Handbook of Environmental and Resource Economics, EdwardElgar Publishing Ltd., U.K.• Klarman, H.E., The Economics of Health, Columbia University Press, New York.• Kolstad, C.D., Environmental Economics, Oxford University Press, New Delhi.• Pearce, D.W. and R. Turner, Economics of Natural Resource Use and Environment, JohnHopkins University Press, Baltimore.Page 19
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M.A. ECONOMICS (SEMESTER-WISE) - Dr BR Ambedkar University

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