Economics of Environment

This book provides a comprehensive and coherent discussion of environmental economics. The text begins with an overview of the interdependence of economics and the environment. It then focuses on the theories and concepts from mainstream economics and describes how they are applied to environmental issues. The book discusses in detail the issues of market failure, externality and welfare with regard to the environment. It also analyzes population dynamics and its relationship with the environment. The concepts of natural resources economics, its nature and the issue of scarcity as an important part of environmental economics have been dealt with. Finally, the book presents important national and international environmental issues and legislations. The book is specially designed for the undergraduate and postgraduate students of economics. The students of environmental science and engineering and management will also find the book quite useful. Key Features: Discusses various real-life environmental issues for better understanding of the theory. Provides a list of assignment topics to encourage the students to gain practical knowledge. Includes a glossary containing important terms.