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CHANCELLOR Sir George Alleyne OCC, MD, FRCP, FACP (Hon), Hon. DSC (UWI) - page 66 / 136

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The

FA C U L T Y Faculty

BOOKLET 2004 – 2005 of Science & Agriculture

AGBU (AM39A) ENVIRONMENTAL ECONOMICS (4 credits)

Prerequisites: AGRI 1004 (AG15B) or AGBU/AGEC 1002(AM17B) Syllabus: Human beings now face the challenge of sustainable develop- ment, where the needs are for cooperative alliances, and re- cycled waste flows. Environmental economics seeks to meet this challenge, and explores questions such as: “Can we effec- tively develop policies to deal with the tricky issues of wealth distribution, population growth, international trade and en- ergy in the world where “more growth” is no longer a simple solution?” This course reviews underlying ecological economic theory, and shows how it can be applied to try to solve existing

and emerging environmental problems. Assessment: In-course assessment One 2-hour theory examination

40% 60%

AGBU/AGEC 1000 (AM13A) INTRODUCTION TO MICROECONOMICS (2 credits)

Syllabus: Nature and Scope of Economics: General overview: Functions performed by economic systems; Resources/Factors of Pro- duction and Characteristics.Demand and Supply: Concepts; definitions and introduction to theory of consumer/household behaviour and factors affecting demand and supply; elastici- ties. Market Price Determination: Quantity/price relationships; interpretation and applications; Price movement through time e.g. Cobweb Theory.Theory of Production, Supply and Cost: Production functions forms; profit maximising behaviour and rationality in production. Concept of cost including opportu- nity cost. Market Structures and Forms: Market types and characteristics; profit maximising behaviour in various mar-

AGBU/AGEC 1002 (AM17B) INTRODUCTION TO AGRO-ENVIRONMENTAL MANAGEMENT (4 credits)

Co-requisites: AGBU/AGEC 1000 (AM13A) Introduction to Microeconomics

Syllabus: The role and importance of the environment for social development and as a life support system. The nexus between agriculture and the environment. Agro-ecosystems structure and dynamics.Economics of environmental resources: market failure and environmental degradation, externalities and public goods; optimal resource use/ extraction and approaches for management of renewable resources.Concept of the watershed as a management unit: hydrology, soils, natural forest, biodiversity and land use. The impact of agricultural practices on the environment viewed from an ecosystem perspective: deforestation, soil erosion/degradation, flooding, irrigation, loss of biodiversity and climate change.Case studies of impacts related to various agricultural systems: crop and livestock, subsistence and plantation farming, hillside and erodable soils, pesticide and chemical application, irrigated agriculture.Integration of the concepts and issues discussed in designing sustainable agro-environmental systems for the tropics; focus on small

island states. Case studies. Assessment: Coursework Final Examination

25% 75%

kets. Assessment: Course Work Final Examination

25% 75%

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