Study economic aspects of environmental issues
Available on iPhone/iPad and Android
Environmental Economics is available on both platforms
iPhone/iPad: download the single MasterNow app from the App Store — Environmental Economics is included with all subjects. Android: download the dedicated Environmental Economics subject app from Google Play.
176
Sub Topics
478
MCQs
265
MCOs
387
True/False
204
Fill Blanks
85
Rearrange
200
Matching
119
Comprehensions
196
Flashcard Decks
Curriculum
What You'll Learn
01 Introduction to Environmental Economics 3 topics
1 Foundations of Environmental Economics
- Definition and Scope
- Historical Development of the Field
- Relationship to Ecological Economics
2 Economic Systems and the Environment
- Market Economies and Environmental Impacts
- Command Economies and Environmental Management
- Mixed Economic Systems and Environmental Policy
3 Core Principles and Concepts
- Scarcity and Choice
- Opportunity Cost
- Marginal Analysis
- Efficiency versus Equity
02 Market Failures and Environmental Problems 3 topics
1 Theory of Externalities
- Positive and Negative Externalities
- The Coase Theorem
- Externalities and Market Inefficiency
2 Public Goods and Common Pool Resources
- Characteristics of Public Goods
- The Tragedy of the Commons
- Ostrom's Principles for Managing Commons
3 Information Asymmetry and Environmental Markets
- Moral Hazard
- Adverse Selection
- Signaling and Screening in Environmental Markets
03 Environmental Valuation Methods 4 topics
1 Total Economic Value Framework
- Use Values
- Non-use Values
- Option Values
2 Revealed Preference Methods
- Hedonic Pricing
- Travel Cost Method
- Averting Behavior Models
3 Stated Preference Methods
- Contingent Valuation
- Choice Experiments
- Deliberative Monetary Valuation
4 Benefit Transfer
- Unit Value Transfer
- Function Transfer
- Meta-analytic Function Transfer
04 Cost-Benefit Analysis 4 topics
1 Principles of Cost-Benefit Analysis
- Pareto Efficiency
- Kaldor-Hicks Criterion
- Standing and Scope
2 Discounting Future Costs and Benefits
- Social Discount Rate
- Hyperbolic Discounting
- Intergenerational Equity
3 Risk and Uncertainty
- Expected Utility Theory
- Risk Assessment
- The Precautionary Principle
4 Distributional Issues
- Environmental Justice
- Weighting Schemes
- Rights-Based Approaches
05 Environmental Policy Instruments 4 topics
1 Command-and-Control Regulation
- Technology Standards
- Performance Standards
- Advantages and Limitations
2 Market-Based Instruments
- Pollution Taxes and Subsidies
- Tradable Permit Systems
- Deposit-Refund Systems
3 Information-Based Approaches
- Eco-labeling
- Public Disclosure Programs
- Voluntary Agreements
4 Policy Instrument Choice
- Efficiency Criteria
- Cost-Effectiveness
- Political Feasibility
- Implementation Challenges
06 Natural Resource Economics 4 topics
1 Renewable Resource Management
- Biological Growth Models
- Maximum Sustainable Yield
- Optimal Harvesting
2 Non-renewable Resource Economics
- Hotelling's Rule
- Resource Scarcity
- Backstop Technologies
3 Land Economics
- Land Rent Theory
- Land Use Changes
- Conservation Easements
4 Water Resource Economics
- Water Markets
- Watershed Management
- Groundwater Economics
07 Energy Economics and Climate Change 4 topics
1 Energy Markets
- Energy Demand and Supply
- Energy Pricing
- Energy Efficiency
2 Economics of Renewable Energy
- Cost Structures
- Innovation and Learning Curves
- Grid Integration
3 Climate Change Economics
- Economic Impacts of Climate Change
- Social Cost of Carbon
- Integrated Assessment Models
4 Climate Policy
- Carbon Taxes
- Cap-and-Trade Systems
- International Climate Agreements
08 Pollution Control Economics 4 topics
1 Cost-Effective Pollution Abatement
- Marginal Abatement Cost Curves
- Equimarginal Principle
- Least-Cost Allocation
2 Air Pollution Economics
- Local Air Pollutants
- Regional Air Pollution
- Economic Instruments for Air Quality
3 Water Pollution Economics
- Point and Non-point Sources
- Watershed-based Trading
- Economic Instruments for Water Quality
4 Waste Management Economics
- Municipal Solid Waste
- Hazardous Waste
- Extended Producer Responsibility
09 Sustainable Development 4 topics
1 Concepts of Sustainability
- Weak versus Strong Sustainability
- Natural Capital
- Sustainable Development Goals
2 Green Accounting
- GDP and Its Limitations
- Genuine Progress Indicator
- System of Environmental-Economic Accounting
3 Sustainable Consumption and Production
- Circular Economy
- Industrial Ecology
- Life Cycle Assessment
4 Green Growth and Degrowth
- Decoupling Resource Use from Growth
- Post-Growth Economics
- Just Transitions
10 Environmental Economics in Developing Countries 4 topics
1 Environment-Development Nexus
- Environmental Kuznets Curve
- Poverty-Environment Linkages
- Resource Curse
2 Property Rights and Governance
- Land Tenure Systems
- Decentralization
- Corruption and Environmental Outcomes
3 International Environmental Issues
- Trade and Environment
- Foreign Direct Investment
- Technology Transfer
4 Development Assistance
- Environmental Aid
- Debt-for-Nature Swaps
- Payment for Ecosystem Services
11 Biodiversity Economics 4 topics
1 Economics of Biodiversity Conservation
- Biodiversity Values
- Opportunity Costs of Conservation
- Conservation Triage
2 Ecosystem Services
- Classification of Ecosystem Services
- Economic Valuation of Ecosystem Services
- Ecosystem Service Markets
3 Protected Areas Economics
- Benefits and Costs of Protected Areas
- Tourism and Recreation Values
- Funding Mechanisms
4 Biodiversity Policy
- Biodiversity Offsets
- Access and Benefit Sharing
- International Biodiversity Agreements
12 Urban Environmental Economics 4 topics
1 Urban Externalities
- Traffic Congestion
- Noise Pollution
- Urban Heat Island
2 Urban Form and Sustainability
- Land Use Planning
- Density and Resource Use
- Transit-Oriented Development
3 Green Infrastructure
- Economic Benefits of Urban Green Spaces
- Green Stormwater Infrastructure
- Urban Agriculture
4 Smart Cities
- Information Technology and Resource Efficiency
- Sharing Economy
- Urban Mobility Economics
13 Behavioral Environmental Economics 4 topics
1 Limits to Rationality
- Bounded Rationality
- Heuristics and Biases
- Prospect Theory
2 Social Preferences
- Altruism and Pro-Environmental Behavior
- Social Norms and Conformity
- Reciprocity and Trust
3 Nudging and Choice Architecture
- Default Options
- Framing Effects
- Social Comparison Feedback
4 Behavioral Policy Design
- Incentive Design
- Information Provision
- Commitment Devices
14 Corporate Environmental Management 4 topics
1 Business Case for Sustainability
- Cost Savings
- Risk Management
- Competitive Advantage
2 Environmental Management Systems
- ISO 14001
- Environmental Auditing
- Environmental Performance Indicators
3 Corporate Environmental Accounting
- Full Cost Accounting
- Environmental Profit and Loss
- Carbon Accounting
4 Environmental Finance
- Green Bonds
- ESG Investing
- Climate Risk Disclosure
15 The Future of Environmental Economics 4 topics
1 Emerging Methodological Approaches
- Big Data and Machine Learning
- Agent-Based Modeling
- Experimental Methods
2 Interdisciplinary Integration
- Ecological-Economic Modeling
- Socio-Ecological Systems
- Planetary Boundaries
3 New Frontiers
- Economics of Geoengineering
- Artificial Intelligence and Resource Use
- Space Resource Economics
4 Research Agenda
- Addressing Inequality
- Transformative Change
- Resilience in Uncertain Times
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