INTRODUCTION TO ENVIRONMENTAL ECONOMICS (Textbook)
INTRODUCTION TO ENVIRONMENTAL ECONOMICS (Textbook)
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- Author: Subhashini Muthukrishnan
Product Description
The book, in its third edition, offers a comprehensive and coherent discussion of environmental economics, combining various issues, concepts, and theories from mainstream neoclassical economics. It examines the interdependence of economics and the environment using the material balance model and the nature of environmental problems. The book then focuses on applying mainstream economics theories to analyse and describe environmental issues, including market failure, externality, welfare, and decision-making in the context of ecosystem services and biodiversity. It also provides a grounding in the economics of renewable and non-renewable natural resources, its degradation and depletion followed by the economic valuation of environmental resources. Highlighting the importance of understanding population dynamics and its relationship with economic development finally culminate in the chapter on important national and international direction of building a sustainable environment with the practice of sustainable development goals. The book is primarily designed for the undergraduate and postgraduate students of economics.
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