Master the economic principles and tools for a sustainable future.
What you will learn
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Define core economic terms and explain the essential relationship between economic activity and the environment.
Explain the critical concept of “critical limit” in resource exploitation and understand why environmental economics emerged as a vital field.
Identify and classify various types of environmental costs and benefits, and understand different categories of costs
Describe the purpose and methods of environmental accounting in assessing environmental assets and linking environment to economy.
Explain the critical need for environmental valuation, particularly in developing countries, and categorize environmental values using the Total Economic Value
Analyze the economic factors contributing to the depletion of specific natural resources like fisheries, and discuss economic considerations in forestry, water
Differentiate between environmental economics and ecological economics, explaining the core principles and policy guidelines derived from ecological economics.
