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
