Genesis of Ecological Economics and Natural Resources; Current dilemma, Brundtland commission's report (WCED 1987), Historical development and contributions. Fundamentals of Ecology; Natural Resources and Sustainability; Natural and manmade capital, national capital, valuation of eco-systems, Open access resource, Uncertainty science and environmental policy. Emerging Economic Perspectives; Concept Of GNP, Defensive Expenditures, Depreciation of Natural Capital, Hicksian Income, Discounting For Depleting Natural Capital, Measure Of Economic Wellbeing. Environmental and ecological economics, Environmental pollution, problems and policy solution. Environmental Protection & Its Extent; Utility function, Social choice mechanism, Pareto criterion and potential Pareto improvement, Hicks-Kaldor compensation principle, Benefit-cost analysis; Free trade & its impact, Green national accounting, Carbon trading. Natural Resource Management; Identification, Classification, Functions and benefits, Sustainable extraction of benefits.