Environmental economics

1. • .
ENVIRONMENTAL
ECONOMICS

2. GROUP MEMBERS
• Onkar Bhosale (1902012)
• Abhijit Gaikwad (1902040)
• Durgaprasad Pawar(19020)
• Suraj Gangurde (1902036)

3. DEFINATION :-
• Environmental economics is a sub-discipline of economics that aims
to understand, and influence, the. economic causes of human
impacts on the non-human world, such as atmospheric pollution. It
seeks. to apply the main concepts and methods of economic thought
to environmental goods

4. Who is the father of environmental
economics?
• Herman Edward Daly

5. What are the aims and objectives of
environmental economics
• The main objective of environmental economics is to maintain a
balance between economic development and environmental quality.
In order to achieve it, environmental economists have to explore the
various socio-economic possibilities to reduce pollution and uplift the
standard of living of the people.

6. Howdoeseconomicsrelateto the environment?
• The links between the economy and the environment are manifold:
the environment provides resources to the economy, and acts as a
sink for emissions and waste. ... Poor environmental quality in turn
affects economic growth and wellbeing by lowering the quantity and
quality of resources or due to health impacts, etc.

7. Why is environmental economics
important?
• Environmental economics will help you understand some important
and controversial issues – such as climate change policy, nuclear
power, recycling policy, and traffic congestion charging. ... In very
broad terms, environmental economics looks at how economic
activity and policy affect the environment in which we live.

8. •.

9. .
1.Economic development and
environmental performance
must go hand in hand ..
2.the natural environment is
central to economic activity
and growth.
3.sustainable development
and environmental
accounting
4.The role of environmental
policy in sustaining growth.

10. Environmental Kuznets curve

11. Relation of economic development and
environmental economics
• Technological progress
• Behaviour change
• Lewies growth model
• The scale effect
• The composition effect
• The technical effect

12. What does it mean to have FREE
TRADE?

13. Advantages of FREE TREAD
1.Economic growth
2.Higher employment rate
3.Less child labor
4.Acces to new market
5.Increase production
6.Benifits to consumers
7.Foreign exchange gains

14. Disadvantages of FREE TREAD
1.Non cooperation of countries
2.Economic Dependence
3.Political slavery
4.Harmful products
5.International Monopolies
6.Envormental problem
7.Harmful to less developed countries

15. Which countries have FREE TREAD
1.Africa
2.Europe
3.America

16. Elements of Economic Environment
❑ It has mainly 5 components:
• 1.Economic Condition
• 2. Economic System
• 3. Economic Policy
• 4. International Economic Environment
• 5. Economic Legislations

17. 1. Economic Conditions
• ❑ Economic policies of a business unit are largely affected by the
economic conditions of an economy.
• ❑ Business cycle is another economic condition that is very
important to for a business unit. It has five different stages.
• 1. Prosperity
• 2. Boom
• 3. Decline
• 4. Depression
• 5. Recovery

18. Economic conditions of nation can be of any
one of the following type:
• 1. Capitalism : Business units or factors of production are privately
owned and governed.
• 2. Socialism : Economic activities of the country are controlled and
regulated by the Government in the interest of public. The first
country to adopt this concept was soviet Russia.
• 3. Mixed Economy : Both public and private sector co-exist.

19. 2. Economic System
• ❑ Economic system of a nation may be defined as a framework of
rules, goals and incentives that controls economic relations among
people in a society

20. 3. Economic Policies
• ❑ Government frames economic policies.
• ❑ Economic policies affects the different business unit in different
ways.
• ❑ Important Economic policies of a country are as follows:
• A. Monetary Policy
• B. Fiscal Policy
• C. Foreign Investment policy

21. 4. International Economic Environment
• If any business enterprise is involved in foreign trade, then it is
influenced by not only its own country economic environment but
also the economic environment of the country from which it is
importing or exporting goods.

22. 5. Economic Legislations
• Legislations which regulates and control the business.

24. GLOBALIZATION :-
• Globalization is the process of interaction and
integration among people,companies,and governments
worldwide.
• The increased role of globally organized management
institutions, knowledge systems and monitoring, and
coordinated strategies aimed at resource, energy, and
conservation issues.

25. VARIOUS TYPES OF GLOBALIZATION
• Economic globalization
• Cultural globalization
• Political globalization

26. Economic globalization
• "economic globalization" as the opening and deregulation of
commodity, capital, and labor markets that led toward present
neoliberal globalization

27. Cultural globalization
• Cultural globalization refers to the transmission of ideas,meanings
and values around the world in such a way that as to extend the
intensify social relations.

28. Political globalization
• Political globalization refers to the growth of the world wide political
system.
• It includes national governments,their inter governmental
organization and social movement organization.

29. • Globalization is associated with a more efficient system of food
production.

30. Thank You