Introduction to Environmental Economics

By Prof. Diptimayee Nayak, Prof. S.P. Singh   |   IIT Roorkee
Learners enrolled: 1180
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. 

Course Status : Completed
Course Type : Elective
Duration : 12 weeks
Category :
  • Humanities and Social Sciences
Credit Points : 3
Level : Undergraduate/Postgraduate
Start Date : 24 Jan 2022
End Date : 15 Apr 2022
Enrollment Ends : 07 Feb 2022
Exam Date : 24 Apr 2022 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

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 10Property 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 12Environmental Regulations and Basic Regulatory Instruments-Market-based Instruments/Approaches (Part 3 & 4); Environmental Regulation and Basic Regulatory Instruments-Market Trading Systems

Books and references


Instructor bio

Prof. Diptimayee Nayak

IIT Roorkee
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

Prof. S.P. Singh

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.

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: 24 April 2022 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 Roorkee.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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