I.T.S-MANAGEMENT & I.T.

INSTITUTE MOHAN NAGAR, GHAZIABAD Learning Objective & Lesson Plan

Course: PGDM (2012-14) Subject: Environment Management Trimester: VI Name of Faculty: Dr. Pankaj Kumar

PART 1: LEARNING OBJECTIVES The objective of this course is to familiarize the students with the fundamental concepts of Environmental Variables and relationship with business organization & management. Emphasis would be on the understanding of the role & responsibility of business for positive externalities of environment.. Attention will be more on some of the recent developments in Indian and global context. Outcomes: After completion of the course the student will be able to understand the role and responsibility in management of environment as a responsible corporate citizen for achievement of positive externalities. CONTENTS: Unit I Meaning of natural environment (NE) and its management. Types of environmental & ecological variable. Relationship of natural environmental with economics, policies, law, resource management and business organization. Role of business organization in management of natural environment. Unit II - Quality of environment, Environmental Regulation & Management - EU Approach, Russian Approach and US Approach of environment regulation & management. International Agreements & Indian Regulations. Cost of Environmental Protection vs. benefits to economy & benefits to industry. Demand of natural environment and demand of development. Equilibrium between components of environment and business & economic indicators. Trade-off between Cost of Capital vs cost of Environment. Unit III - Climate Changes (CC), Factors of CC, Injection of Green House Gas (GHG), CO2, Fossils Fuel in NE. IPCC & Kyoto-Protocol - classification of Group-A Countries, Group-B Countries and Group-C Countries. Production and Consumption Conflict on GHG, CO2 & Fossils Fuel between GA-GB and GG. Unit IV- Management of Environment - Environmental Protection, Individual Preference, market preference, CBA & Environment Management, NPV & Environmental Degradation, Incidence of Taxation & Environment Management. Demand-Supply and Management of Environmental Goods. WTP & WTA. Revealed Preference Pollution (AP, WP, SP, NP and Toxic Chemicals) and Profit. Pollution Quantity & Changes of Pollution on Land, Wages and Profit. Hedonic Price Theory. Pricing of Emission, Management of Environmental risk and uncertainty.

PART 2: LESSON PLAN Subject Matter Unit I Introduction - Meaning of natural environment (NE) and its management. Types of environmental variable. Relationship of NE with economics, policies, law, resource management and business organization. Role of business organization in management of natural environment. Unit II - Quality of environment - Environmental Regulation & Management EU Approach, Russian Approach and US Approach of environment regulation & management. International Agreements & Indian Regulations. Cost of Environmental Protection vs benefits to economy & benefits to industry. Demand of environment and demand of development. Equilibrium between components of environment and business-economic indicators. Trade-off between Cost of Capital vs cost of Environment. Unit III - Climate Changes & Management - Factors of CC, Injection of Green House Gas (GHG), CO2, Fossils Fuel in NE. IPCC & Kyoto-Protocol classification of Group-A Countries, Group-B Countries and Group-C Countries. Production & Consumption of GHG, CO2 & Fossils Fuel in GA-GB and GG. Unit IV- Management of Environment - Environmental Protection, Individual Preference, market preference, CBA & Environment Management, NPV & Environmental Degradation, Incidence of Taxation & Environment Management. Demand-Supply and Management of Environmental Goods. WTP & WTA. Revealed Preference Pollution (AP, WP, SP, NP and Toxic Chemicals) and Profit. Pollution Quantity & Changes of Pollution on Land, Wages and Profit. Hedonic Price Theory. Pricing of Emission, Management of Environmental risk and uncertainty. Population, Environment & Eco.Growth.

Hours 1-4

Resources Ch. -1, 2, 3, 4 of Dave & Katwa

5-8

Chapter 6,7 of Dave & Katwa

9-12

Chapter 5 of Dave & Katwa

13-16

Chapter 5 of Dave & Katwa

Suggested Readings
Text Book of Environmental Studies, 2nd Edition, Dave & Katewa, Cengage Learning, 2013. Text Book of Environmental Studies, 2nd Edition, Rajagopalan, Oxford University Press, 2011. Intermediate Environmental Economics, 2nd Edition, Rajagopalan, Oxford University Press, 2012. Report of IPCC & Kyto-Protocol Magazines and Newspaper: Business Line, ToI, Economist, Business India. Annual Report of Ministry Environment, Economic Survey, WB Development Report. Scholarly Articles. Listed in www.search.ebscohost.com PEDAGOGY : Pedagogy of Environment Management course comprises discussion of basic, core and application types concepts useful in management of environment and control of pollution. Uses of live information, case analysis, article review and quizzes related to Environment Management. EVALUATION CRITERIA: Component Marks Article Analysis 10 Class Test 10 Case 10 Quiz 10 End Term Exam 60 Total 100 Marks Curriculum Developed & Designed for PGDM Programme by Pankaj Kumar, Ph.D. Economics, Associate Professor Economics, ITS-Mohan Nagar, Ghaziabad, India.