Basics of Environmental Economics

Environmental Economics studies prove how economic activity and policy may affect the environment in which we live. It focuses on the incentives rational humans have when deciding to use our natural environment’s scarce resources. This book provides an introduction to the meaning and scope of environmental economics. The subject explains why the discipline is important; the linkages between the economy and the environment; the origins and development of environmental economics; the scope of the discipline and to explain why markets fail and the resulting impact on the environment and to explain basic economic concepts and principles