Master of Science / Department of Physics / Bharat Ratra / In this report, we discuss the four standard energy conditions of General Relativity (null, weak, dominant, and strong) and investigate their cosmological consequences. We note that these energy conditions can be compatible with cosmic acceleration provided that a repulsive cosmological constant exists and the acceleration stays within certain bounds. Scalar fields and dark energy, and their relationships to the energy conditions, are also discussed. Special attention is paid to the 1988 Ratra-Peebles scalar field model, which is notable in that it provides a physical self-consistent framework for the phenomenology of dark energy. Appendix B, which is part of joint-research with Anatoly Pavlov, Khaled Saaidi, and Bharat Ratra, reports on the existence of the Ratra-Peebles scalar field tracker solution in a curvature-dominated universe, and discusses the problem of investigating the evolution of long-wavelength inhomogeneities in this solution while taking into account the gravitational back-reaction (in the linear perturbative approximation).