{"id":941,"date":"2025-04-24T05:37:45","date_gmt":"2025-04-24T05:37:45","guid":{"rendered":"https:\/\/eng.pdn.ac.lk\/mgn\/?page_id=941"},"modified":"2026-04-06T03:12:42","modified_gmt":"2026-04-06T03:12:42","slug":"ma5700-environmental-economics","status":"publish","type":"page","link":"https:\/\/eng.pdn.ac.lk\/mgn\/ma5700-environmental-economics\/","title":{"rendered":"MA5700 &#8211; Environmental Economics"},"content":{"rendered":"\n<p>&nbsp;<\/p>\n<p><style>\n        body {\n            font-family: Arial, sans-serif;\n            background-color: #f9f9f9;\n            margin: 0;\n            padding: 0 0px;\n        }\n        .container {\n            max-width: 1000px;\n            margin: 30px 0;\n            background-color: #fff;\n            padding: 20px;\n            box-shadow: 0 0 10px rgba(0,0,0,0.1);\n        }\n        h2 {\n            color: #800000;\n        }\n        h3 {\n            color: #000000\n        }\n        .section-title {\n            background-color: #fff8dc;\n            padding: 10px;\n            margin-top: 30px;\n            border-top: 2px solid #800000;\n            font-weight: bold;\n            font-size: 1.2em;\n            color: #800000;\n        }\n        .content-block {\n            margin-bottom: 20px;\n        }\n        ol {\n            padding-left: 40px;\n        }\n        li {\n            margin-bottom: 10px;\n        }\n        .bold {\n            font-weight: bold;\n        }\n        .grey-box {\n            background-color:#fff;\n            padding: 15px;\n        }\n        .table-section {\n            display: flex;\n            gap: 20px;\n            margin-top: 20px;\n        }\n        table {\n            border-collapse: collapse;\n            width: 60%;\n            background-color: #fff;\n        }\n        th, td {\n            border: 1px solid #ccc;\n            padding: 8px 12px;\n            text-align: left;\n        }\n        th {\n            background-color: #fff8dc;\n            color: #800000;\n        }\n        .half-table {\n            width: 48%;\n        }\n        .text-left {\n\t\ttext-align: left;\n\t}\n\n\t.text-right {\n    \t\ttext-align: right;\n\t}\n    <\/style><\/p>\n\n\n<p><strong>Credits:<\/strong> 3 <\/p>\n\n<p><strong>Pre-requisites:<\/strong> None <\/p>\n\n<p><strong>Core \/ Optional:<\/strong> Optional <\/p>\n\n<p><strong>Aim(s):<\/strong>To provide an overview of integrating environmental management and economic theory within a sustainable development framework.<\/p>\n\n\n<p><strong>Intended Learning Outcomes: <\/p><\/strong>\n\n<ol>\n<li><strong>appreciate<\/strong> the environmental considerations in economic decision-making.<\/li>\n<li><strong>analyse<\/strong> the total economic value of engineering projects and products.<\/li>\n<li><strong>analyse<\/strong> investment and financing decisions of engineering projects and products.<\/li>\n<li><strong>appreciate<\/strong> the climate change mitigation efforts through engineering projects and products.<\/li>\n<li><strong>create<\/strong> a total economic value model for an engineering project.<\/li><\/ol>\n\n\n<p><strong>Course Content (Only main topics &amp; subtopics):<\/p><\/strong>\n<ol>\n<li><strong>Integration of Environmental Management and Economic theory:<\/strong>National income and environmental accounting; Utility and consumer demand; Production, supply, and costs; Externalities and market failure; Policies. Applications in manufacturing, production, transportation, and energy.<\/li>\n<li><strong>Environmental valuation:<\/strong> Total economic value: Direct-use, indirect-use, and non-use values; Valuation methods: market-based, contingent valuation, travel cost, hedonic pricing, restoration and replacement cost, benefits transfer, off-trade. Applications in projects, products, ecosystem services, and conservation.<\/li>\n<li><strong>Investment Decisions:<\/strong> Identifying alternatives; environmental costs and benefits; Lifecycle assessment and costing; tax and tariff; accounting for long-term ecological damage. Applications in infrastructure projects, green technology decision making.<\/li>\n<li><strong>Climate change mitigation:<\/strong> Carbon abatement cost curves, emission taxes, cap and trade schemes, subsidies, carbon offsets and neutrality, feed-in tariff, carbon market and auditing. Applications in engineering projects and product development.<\/li>\n<li><strong>Group Project:<\/strong> Investigate the total economic value of an engineering product or project.<\/li>\n<\/ol>\n\n\n<p><strong> Time Allocation:<\/p><\/strong>\n<table>\n<colgroup>\n        <col style=\"width:60%;\">\n        <col style=\"width:40%;\">\n        \n    <\/colgroup>\n<thead>\n<tr>\n<th>Learning component<\/th>\n<th class=\"text-right\">Hours<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Theory<\/td>\n<td class=\"text-right\">32<\/td>\n<\/tr>\n<tr>\n<td>Small group activities<\/td>\n<td class=\"text-right\">8<\/td>\n<\/tr>\n<tr>\n<td>Assignments<\/td>\n<td class=\"text-right\">10<\/td>\n<\/tr>\n<tr>\n<td>Practical<\/td>\n<td class=\"text-right\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Independent Learning<\/td>\n<td class=\"text-right\">100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<p><strong> Marks Allocation:<\/p><\/strong>\n<table>\n<colgroup>\n        <col style=\"width:60%;\">\n        <col style=\"width:40%;\">\n        \n    <\/colgroup>\n<thead>\n<tbody>\n<tr>\n<th>Assessment<\/th>\n<th class=\"text-right\">Percentage Marks<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Continuous Assessments\n<br>Small group Activities 30%, Group project 20% <\/br><\/td>\n<td class=\"text-right\">50%<\/td>\n<\/tr>\n<tr>\n<td>Final Assessment<\/td>\n<td class=\"text-right\">50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<p><strong>Recommended Reading: <\/p><\/strong>\n<ul>\n<li>Daniel, P., Keen, M., McPherson, C. (2010). The Taxation of Petroleum and Minerals: Principles, Problems and Practice. Series: Routledge explorations in environmental economics. Routledge. ISBN: 0415569214,9780415569217,9780203851081,0203851080,0415781388,9780415781381<\/li>\n<li>M\u00e4ler, K.G., Vincent, J.R. (2003). Handbook of Environmental Economics 1. North-Holland. ISBN: 978-0-444-50063-2M\u00e4ler, K.G., Vincent, J.R. (2003). Handbook of Environmental Economics 1. North-Holland. ISBN: 978-0-444-50063-2<\/li>\n<li>Smith, J.B., Mendelsohn, R. O. (2007). New Horizons in Environmental Economics. Edward Elgar Publishing. ISBN: 9781845427474,1845427475<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Credits: 3 Pre-requisites: None Core \/ Optional: Optional Aim(s):To provide an overview of integrating environmental management and economic theory within a sustainable development framework. Intended Learning Outcomes: appreciate the environmental considerations in economic decision-making. analyse the total economic value of engineering projects and products. analyse investment and financing decisions of engineering projects and products. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-941","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages\/941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/comments?post=941"}],"version-history":[{"count":14,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages\/941\/revisions"}],"predecessor-version":[{"id":2876,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages\/941\/revisions\/2876"}],"wp:attachment":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/media?parent=941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}