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Synopsis The book in hand intends to provide the readers as well as graduate/post-graduate students of economics, environmental economics some insights into the application of economic theory in designing and implementing the public policies related to the management of the environment and social sectors. This finds roots in welfare economics, national income accounting, macro-economic policies, trade and development.  The subject matter of the book, which is related to the issues of environmental economics, environmental and social services and their valuation, and designing of instruments and institutions for the management of environment, the models of optimal use of natural resources; macroeconomic issues, sustainable development; environmental resource problems in India, the economics of health and education, is widely discussed in eighteen chapters incorporated in seven modules. Environmental Demand Theory (covering both revealed preference and stated preference); Household Production Model, Contingent Valuation Method; Pigovian fees; Coase's Theorem of property rights; monitoring and enforcement of regulation and related acts, etc. are various captions which may draw special attention of the readers. In this way the book fills a particular niche in the market for post-graduate tex.