DESCRIPTION OF COURSES
WST 509 ECONOMIC SOCIAL AND INSTITUTIONAL ISSUES IN WATER RESOURCES MANAGEMENT (3L+0P) I
To equip the students with the various principles of economics and use in water resources management for determining the optimal level of crop production at minimal cost, economic and financial function of irrigation water charges and market price determination of irrigation water
Principles of economics and their applications in water resources management. Factors of production - Determination of optimal level of production and factor application – Optimal factor combination and least cost combination of production – THEORY of product choice; selection of optimal product combination.
Water resources pricing: Economic and financial functions of irrigation water charges – Market price determination of irrigation water – Price elasticity – Charging vehicle
Economic appraisal of irrigation programmes – Feasibility criteria – Assessment of costs and benefits and discounting techniques – Internal rate of discount.
Policy approaches for efficient on-farm water utilization: Equity and efficiency in water distribution. – Institutional framework in canal command area and watershed areas – Organizations, their roles and functions – Water user’s associations in canal command areas and Common Guidelines for watershed management – Banking and financing mechanism in water resources management.
Interstate water disputes – Constitutional provisions – Water laws, water rights and managing conflicts.