Environmental & Resource Economics

By Prof. Sabuj Kumar Mandal   |   IIT Madras
Learners enrolled: 464
This course is designed to guide students through the frontier areas of environmental economics. We begin by studying interaction between economy and the environment. Then we try to understand the welfare implication of national income and discuss the issues of sustainable development. We examine the impact of economic growth on environmental degradation. The issues of externalities and methods to regulate externalities are discussed next. We then examine the impacts of uncertainty and information asymmetry on the choice of policy instruments for regulating externalities. We then try to understand the methods for economic valuation of environmental goods and services. We end the course by discussing the optimal extraction strategy for renewable and non-renewable resources. After successful completion of the course students will understand issues related to environmental degradation and optimal resource extraction. In an era of corporate social responsibility, this course will be highly useful in industry and academia.

INTENDED AUDIENCE : Anyone interested to understand the issues related environmental degradation and policy making

PRE REQUISITE :Principles of economics/microeconomics

SUPPORTED INDUSTRIES : Manufacturing, Oil & Gas, Mining
Course Status : Upcoming
Course Type : Elective
Duration : 12 weeks
Start Date : 26 Jul 2021
End Date : 15 Oct 2021
Exam Date : 23 Oct 2021
Enrollment Ends : 02 Aug 2021
Category :
  • Humanities and Social Sciences
  • Economics
Credit Points : 3
Level : Undergraduate/Postgraduate

Course layout

Module 1:Interaction between economy and the environment
Module 2:Welfare implication of national income and sustainable development
Module 3:Economic growth and environmental degradation: Environmental Kuznets Curve (EKC) hypothesis
Module 4:Externalities and market failure
Module 5:Incentive design
Module 6:Environmental regulation and competitiveness
Module 7:Environmental efficiency and cost of pollution control
Module 8:Theory and methods for environmental valuation
Module 9:Optimal extraction of renewable and non-renewable resources

Books and references

1.Title: Environmental Economics 
Author: Hanley, Shogren and White 

2. Title: Natural resource and environmental economics 
Author: Roger Perman

Instructor bio

Prof. Sabuj Kumar Mandal

IIT Madras
Dr. Sabuj Kumar Mandal is currently working as an Assistant Professor in the Department of Humanities and Social Sciences, Indian Institute of Technology Madras (IITM), Chennai. He completed his B.Sc (Economics) from the Scottish Church College Kolkata (1999-2002) and M.Sc (Economics) from the University of Calcutta with a specialization in Econometrics. He completed his doctoral degree in economics from the Institute for Social and Economic Change, Bangalore. His teaching and research interests include Applied Econometrics, Energy and Environmental Economics (efficiency analysis), Adaptation to Climate Change, Environmental regulation and Firm Performance and Behavioral & Experimental Economics. He has several national and international publications in his credit. He was awarded Young Economist Award 2015 by the Indian Econometric Society for his contribution to quantitative economics. Recently, he has been awarded Fulbright Nehru Academic and Professional Excellence Award 2020-21 (research category) for conducting research in the area of ‘Community Based Adaptation to Climate Change’ taking Southeast Florida Regional Climate Change Compact (SFRCC) as a model for analysis. He aims to develop an economic framework based on rational choice theory, to identify the motivating factors that determine private participation in community based adaptation (CBA) focusing on individuals’ perception about climate risk, time preference and their adaptive capacity

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 23 October 2021 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.


Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Madras .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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