Introduction to Environmental Economics


Prof. Diptimayee Nayak
Prof. S. P. Singh

IIT Roorkee

*Additional GST and optional Exam fee are applicable.

SKU: IIT Roorkee Category:


We are going through so many issues and debates in the context of economy, development and the environment. In this respect, the course deals in understanding the complexity among the economy, economic activities and the environmental systems. Basic theories of environmental and collective goods; environment, economic growth and development linkage; welfare economics dealing with environmental valuation, environmental regulations policy highlighting the economics of pollution will be dealt at length.




NTPC/NALCO/Coal India/ONGC/SAIL/Green Industries


Dr Diptimayee Nayak: I did my PhD from IIT Delhi and my research interests are in the broad areas of environmental economics- ecosystem services, non-market environmental valuations, environmental policy and sustainability

Professor S. P. Singh: I am teaching economics since last 25 years and my research interest fringe into broad development and policy issues addressing agricultural, environmental and rural development.

Certification Process

1. Join the course
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COURSE ENROLMENT FEE: The Fee for Enrolment is Rs. 3000 + GST

2. Watch Videos+Submit Assignments
After enrolling, learners can watch lectures and learn and follow it up with attempting/answering the assignments given.

3. Get qualified to register for exams
A learner can earn a certificate in the self paced course only by appearing for the online remote proctored exam and to register for this, the learner should get minimum required marks in the assignments as given below:

Assignment score = Score more than 50% in at least 9/12 assignments.
Exam score = 50% of the proctored certification exam score out of 100
Only the e-certificate will be made available. Hard copies will not be dispatched.”

4. Register for exams
The certification exam is conducted online with remote proctoring. Once a learner has become eligible to register for the certification exam, they can choose a slot convenient to them from what is available and pay the exam fee. Schedule of available slot dates/timings for these remote-proctored online examinations will be published and made available to the learners.

EXAM FEE: The remote proctoring exam is optional for a fee of Rs.1500 + GST. An additional fee of Rs.1500 will apply for a non-standard time slot.

5. Results and Certification
After the exam, based on the certification criteria of the course, results will be declared and learners will be notified of the same. A link to download the e-certificate will be shared with learners who pass the certification exam.


Course Details

Week 1 : Meaning, Definition and Relevance of Environmental Economics; Basic Concepts and Tools from Microeconomics and Welfare economics; Comparison with Other Sub-disciplines like  Ecological Economics and Natural Resource Economics; Major Problems and Key Concerns of Environmental Economics; Commons and Collective Actions Problem: Seminal Theories (Part-1)

Week 2 : Commons and Collective Actions Problem: Seminal Theories (Part-2 & 3); Mancur Olson’s Theory of Collective Action; Collective Action and Prisoner’s Dilemma Game; Governing the Commons: The Evolution of Institutions for Collective Action (Part-1)

Week 3 : Governing the Commons: The Evolution of Institutions for Collective Action (Part-2); Environmental Goods and Ecosystem Services; Ecological Footprints

Week 4 : Poverty, Environment and Economic Growth Linkages-Environmental Kuznets Curve

Week 5 : Environmental Sustainability; Environmental Performance Index; Benefit-cost Analysis 

Week 6 : Consumer Demand of Environmental Goods and Welfare Effects of Price Change; Values, Environmental Values and Non-market Valuations: Revealed Preference Methods (Part-1)

Week 7 : Environmental Values and Non-market Valuations: Revealed Preference Methods (Part-2); Stated Preference Methods

Week 8 : Market-efficiency, Optimality, Consumers and Producers Surplus

Week 9 : Optimal Provision of public Goods and Bads; Externality and Market Failure; Pigouvian Fee

Week 10 : Property Rights and Coase Theorem; Environmental Regulation and Basic Regulatory Instruments: Introduction

Week 11 Command and Control Approach; Environmental Regulations and Basic Regulatory Instruments-Market-based Instruments/Approaches (Part 1 & 2)

Week 12 : Environmental Regulations and Basic Regulatory Instruments-Market-based Instruments/Approaches (Part 3 & 4); Environmental Regulation and Basic Regulatory Instruments-Market Trading Systems


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