DESCRIPTION OF COURSES

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AG ECON 525 NATURAL RESOURCES MANAGEMENT AND ENVIRONMENTA L ECONOMICS                                                                            (3L + 0P) III

Objective
  The course is designed to provide an understanding of the principles of economics as they are applicable to the management of natural resources and the environment. Issues of efficient allocation of  resources and need and methods for ensuring sustainability of  resources, protection of environment and regulatory aspects are included.

Theory

UNIT I
  Meaning, nature and scope of  environmental economics. Agricultural development and environment— ecology, natural resources and human health. Environmental problems in developing and developed nations. Population and environmental sustainability. Environmental costs of technology advances. Natural resource accounting and inter-temporal use of natural resources.

UNIT II
  Need for environmental protection: An economic overview. Elements of environmental protection
   – sustainable agriculture and its dimensions – ecology, technology, social and political. Conservation and management of biological diversity. Problems of desertification, deforestation and salinity of land.

UNIT III
 Integrated farming – crop – livestock – forestry and fisheries, organic farming. Management of watershed and water resources. Regulatory measures to protect environment. Economic instruments for environmental protection. Valuation of environmental services.

UNIT IV
  Food security and environmental protection. International trade and environmental protection. Natural resource management, forest management and management of  common property resources. Agricultural policy for sustainable agriculture.

Suggested Readings