Introduction to water economics: water availability and water use, sectoral demand for water, physical vs. economic scarcity of water; Rights to access to water: types of water rights, customs and traditions in water rights; Water pricing: concepts of average and marginal cost pricing, flat rate, uniform rate, increasing block tariff and seasonal rate models; Formal and informal water markets: urban, rural and peri urban linkages; Water and the environment: use and non-use value of water, non-revenue waters (NRW), unaccounted for water (UFW), market failure and externality; Water governance: water policies and water acts, water regulatory authorities, water disputes management, and global water diplomacy
Text:
Griffin, R.C, Water resource economics. The analysis of scarcity, policies and projects. Cambridge, MA, MIT Press, 2nd edition (2016) ^$^Ariel Dinar and Kurt Schwabe (editors) Handbook of Water Economics Publisher - Edward Elgar (2015) ^$^R. Quentin Grafton, Water: Security, Economics and Governance, (2013)
