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Topic 1: Introduction To Environmental Economics
Topic 1: Introduction To Environmental Economics
Environmental Studies
Topic 1
Introduction to
environmental economics
Picture: http://hvbackyard.blogspot.com.au/2008/07/51-summary-of-my-backyard-frogs.html
Scope of the course
Master-level economics course
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Topics
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Learning outcomes
Expected to have:
1. An understanding of environmental economics
2. Able to use economic techniques to analyse environmental
problems & assess environmental policies
3. Developed research skills in the field of environmental
economics”
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Textbook & Readings
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Italeem
Email: husnajamaludin@iium.edu.my
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Assessment
Midterm (20%)
Project (20%)
Assignment (10%)
Final exam (50%)
No plagiarism 9
During lectures
Feel free to ask questions
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Jobs?
There is a growing DD for environmental economists
environmental problems getting worse
Academia/research
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environmental economics?
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Class discussion
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Class discussion
Class exercise
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Fundamental issues in economic approach to
Main themes
environmental issues
• Property right, efficiency & Gov intervention
– eg: market brings efficiency in allocation due to a well-defined private
property right. But, no property right for environment & fail to achieve
efficiency = Gov intervention
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Cont…
Main themes
-To ensure efficiency & optimality, must take into a/c the use at
a point in time (static) & pattern of use over time (dynamic
dimension)
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Class discussion
• What’s the problem?
• How to solve it?
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Class discussion
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