Introduction and Awareness

Dr Naeem
  Historical Framework

What is  Distinction between natural resource economics and

environmental economics.
Economics of  Physiocratic school (1756–78) and classical economists
(1776–1890)
Environment.  How do neoclassical economists perceive the role the ‘natural’
environment plays on the human economy?
Environmental economics: scope and
nature
 Environmental economics originated in the 1960s – the early years of the so-called
environmental movement.
 The causes of environmental degradation
 Ownership rights
 The trade-off between environmental degradation and economic goods and services
 Market Failure
 Valuation of environmental damage
 Role of technology
 International cooperation
 The interrelationships among population, poverty and environmental degradation
 Sustainable development