Global Environmental Issues and Sustainable Development: Course Syllabus

Detailed Course Syllabus: SEMESTER IV
4.1. Global Environmental Issues and Sustainable Development (MAEE4)
MODULE I (15 hrs)
Trans-national Issues and the Environment
i) Trade and Environment: Trade, Foreign Investment and the Environment. Ecological dumping and standards ii) Trans-national Pollution. Management of the Global Commons iii) Globalization, Economic Reforms and the Environment

MODULE II (10 hrs)
Economics of Global Warming and Climate Change: Nordau‘s Dice Model.
MODULE III (15hrs)
Energy, Environment and Economic Growth: Indian Energy and Environment issues and Climate Change negotiations.
MODULE IV (15 hrs)
Environmental Issues and Policies in India:
Water, Land Transport and Urban development and related issues
Total lecture Hours: 45
Suggested readings for Module I
Sengupta, R.P, High Economic growth, Equity and Sustainable Energy Development in Kanchan Chopra and Vikram Dayal (Ed). Hand book of Environmental Oxford University Press 2009.
Sengupta, R.P, ―Economics in India. Prospects and policies of low carbon Economic growth in India‖, NIPFP Publications 2010. Available on the net.
Kavi Kumar, in Kanchan Chopra and Vikram Dayal (Ed). Hand book of Environmental Economics; Oxford University Press 2009.
Joyashree Roy in Kanchan Chopra (Ed).2009
Module II
Nicholas Stern, The Economics of Climate Change: Stern review, Cambridge University Press, 2007
Module III
1. Mohan Munasinghe and James Gustave Speth, Sustainable Development in Practice Cambridge University Press
2. Sustainable Energy in Developing Countries: Policy Analysis and Case Studies, Peter Meier and Mohan Munasinghe (Cheltenham: Edward Elgar)

Module IV
1. Remaining sections in Kanchan Chopra and Vikram Dayal (Ed). Hand book of Environmental Oxford University Press 2009.
2. The integrated energy Policy of the Planning Commission
4.2 Environmental Impact assessment (MAEE 05)

(Course outline under preparation)
Or
International laws and Environment (MAEE 06)
(Course outline under preparation)
Or
Environmental Sociology (MAEE-07)
(Course outline under preparation)
4.3. Development Issues in Indian Economy-2 (MEA 08-Sectoral Issues)
Unit-1
Structure of Rural Economy: Farm and Non-farm sector
Growth rate of agriculture – main features. Recent deceleration of agricultural growth and public investment in agriculture.
Agricultural prices, Agriculture and non-agriculture terms of trade. Agricultural price policy: Support prices, procurement prices and buffer stocks. Import and export controls on agricultural commodities. Futures commodity trading. Market regulations of agricultural commodities.
Agricultural Policy in India- Its contribution to agricultural development, Food security and poverty reduction
Major subsidies in agriculture: Fertilizer, Power, Irrigation and input subsidies.
Unit-2: Rural livelihood
Livelihoods and Employment: Structure of rural poverty
Food security and the Public Distribution System; Employment Security- NREGA
Unit 3: Industry
Industrial growth and diversification. Policy changes and industrial growth – examples of automobile and telecom sector growth.
Industrial price regulations and subsidies through price controls – examples of oil and petroleum and fertilizer sectors.
Unit-4 miscellaneous Issues
Infrastructure sectors. Investment requirements of roads, power, ports and other infrastructure sectors. Policy initiatives to bridge the gaps e.g allowing foreign investment and private-public partnership mode,
SMEs and Informal sector
Labour market reforms - Exit policy and liberalization of labour markets.
4.4. International Macro-economics, money and finance (MAE 10)
Unit-1
International Macro-economics- Prices and Output in an open economy. Long-run adjustment mechanisms. Automatic adjustment – foreign trade multipliers. Fiscal and monetary policy under flexible exchanges. Interdependence and Multi-lateral co-ordination.
Balance of payments. Current account and fiscal deficit. Capital account. Disequilibrium and adjustment. Elasticity conditions for adjustment in trade account. Currency markets transactions. Currency standards, convertibility and reserve currencies. Exchange Rates.
Unit-3
Purchasing power parity. Interest rate parity. Nominal, real and effective exchange rates. . Fixed and flexible exchange rates. Exchange controls. Short-run and long run capital movements. Hedging, speculation and hot money transfers under capital account convertibility. Implication of capital flows—Mundell-Fleming Model, currency crisis and contagion.
Unit-3
Money and the role of banks. EU and monetary integration. Dollarization. Optimum currency areas, Monetary, banking and foreign exchange regulations.
The International Monetary Fund. Reforming the international institutional architecture. China and reserve currency issues.
4.5 Research Methodology and Data Base of the Indian Economy with a focus on Environment/Other Electives (MAEE6)
4.6 Project Report on an environmental issue /Other Electives (MAEE