Part I: Basic Issues in Environmental Economics: Scope and Nature of Environmental Economics; Economic Development and the Environment. Economics of Natural Resource Extraction and Management: Taxonomy of Natural Resources; Dynamic Optimization; Renewable and Non-renewable Resources. Natural Resource Accounting: Theory and Practice.
Part II: Basic Issues in Environmental Valuation and Policy: Public Goods and Externalities. Environmental Valuation Analysis: Value and Welfare; Environmental Valuation and Techniques. Environmental Policy Instruments: Market-based Instruments; Regulations and Standards; Property Rights Reform; International Environmental Management; Optimal Pollution Control and Waste Management.
