MID TERM TEST Malaysia University of Science and Technology (MUST) Bachelor of Business Administration BBA1274 Principle of Economics April 2024 Semester Mid Term Test This assignment contributes 20 % of the total mark for the course. Tepic: Envirenmental Economics and Sustainable Development Environmental economics is a discipline of economics that studies the economic effects of environmental policies around the world. Its focus is on the efficient allocation of environmental and natural resources and how alternative environmental policies deal with environmental damage, such as air pollution, water quality, toxic substances, solid waste, and global warming. environmental economics, subdiscipline of economics that applies the values and tools of mainstream macroeconomics and microeconomics to allocate environmental resources more efficiently. On the political stage, environmental issues are usually placed at odds with economic issues; environmental goods, such as clean air and clean water, are commonly viewed as priceless and not subject to economic consideration. There is, however, a substantial overlap between economics and the environment. In its purest form, economics is the study of human choice. Because of that, econamics sheds light on the choices that individual consumers and producers make with respect to numerous goods, services, and activities, including those made with respect to environmental quality. Page |1 Prepare a written report, which include the following topics/ discussion (not limited): 1. Explain main principles of environmental economics. 2. Explain Economic Growth and Environmental Sustainability. 3. The Role of International Cooperation in Promoting Sustainable Development. 4. Economic Impacts of Climate Change on Agriculture and Food Security. Formats and guidelines for individual assignment: * Cover page and grading criteria. Include a Table of Contents, Introduction, Conclusion, Reference (Bibliography). Main bedy, which should be organized into numbered sections under appropriate headings. * Reference list/Bibliography (APA Referencing). * Assignment length: 2000-2500 words. (You may exceed the word limit if your discussion related to the topic. * lLate Submission: One-week late submission after the deadline: 50 marks deduction. After one-week submission zero mark awarded. Page |2