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Environmental Economics

by: Dodo Thampapillai, Jack Sinden

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On-line Price: $64.95 (includes GST)

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Retail Price: $75.95

Publisher: OXFORD UNIVERSITY PR,29.04.13

Category: ECONOMICS Level: B/I/A

ISBN: 0195519558
ISBN13: 9780195519556

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This revised and expanded edition shows how principles of thermodynamics and ecology govern the sustainability of environmental capital. Environmental Economics is illustrated as a way of informing policy by recognising the salience of these principles and modifying economics concepts and methods accordingly. Conceptual premises advanced in the text are supported by empirical evidence and illustrations. The discussion of microeconomics illustrates how acknowledging nature as capital that must be sustained would lead to significant revisions to the benchmark of perfect competition and to theories of consumption and production.

Unlike most standard texts in Environmental Economics, this text contains extensive treatment of Environmental Macroeconomics. It demonstrates how standard approaches in macroeconomics and trade, when revised to the reality of nature-capital, would lead to significantly distinct policy outcomes. Fittingly, the valuation of environmental goods and services is dealt with at both microeconomic and macroeconomic levels. The content and organisation of the text is such that different sequences of chapters can be nominated for course delivery at both basic (undergraduate) and advanced (graduate) levels.

New chapters:

- Economics of Non-Renewable Resources with Renewable Services
- Market Organisation and the Environment
- Environmental Macroeconomics: Short-Run Analysis II
- Environmental Macroeconomics: Long-Run Analysis
- International Trade and Globalisation
- Valuation of Environmental Capital: Microeconomics Basis
- Valuation of Environmental Capital: Macroeconomics Basis
- Environmental Policies


Part 1: The Environment and the Economy
1. The Environment and Economics
2. The Economic System Revised

Part 2: Microeconomics and the Environment
3. The Market Model and its Failure
4. Public Goods and Externalities
5. Economics of Non-Renewable and Renewable Resources
6. Economics or Non-Renewable Resources with Renewable Services
7. Consumer Demand and the Environment
8. Production, Costs, Supply and the Environment
9. Market Organisation and the Environment

Part 3: Macroeconomics and the Environment
10. Some Important Concepts in Macroeconomics
11. Environmental Capital: Investment and Depreciation
12. Environmental Macroeconomics: Short-Run Analysis I
13. Environmental Macroeconomics: Short-Run Analysis II
14. Environmental Macroeconomics: Long-Run Analysis
15. International Trade and Globalisation

Part 4: Valuation
16. Valuation of Environmental Capital: Microeconomic Basis
17. Valuation of Environmental Capital: Macroeconomic Basis

Part 5: Policy
18. Environmental Policies