Economics of environmental and natural resource all previous/ past question papers
Economics of environmental and natural resource Final paper in 2017
Q No. 1 For the increasing marginal extraction cost model of the allocation of a depletable resource, how would the ultimate cumulative amount taken out of the ground be affected when a) Government imposes tax on extraction of resources in order to conserve a resource and b) Govt provide a per unit subsidy for each unit of the resource not to be extracted? Use the graph if you think so. (5+5)
- NO. 2 We have discussed in the section on load management of electricity (utility), peaking plants are typically cheap to build (compared to base-load plants) but they have relatively higher operating costs. Explain the measures to conserve electricity. Also enlist factors affecting cartelization in oil production and supply in the world. (6+4)
No. 3 A) What are potential problems for inefficient water use? Explain the measures briefly. (10)
No. 4 A) Enlist sources of inefficiency existing in forest resources. Explain briefly debt nature swap and establishing conservation easements being the implementing strategies for the developing countries in order to sustain forest resources. (2+4)
B) What do you know about efficient management of fisheries using biological model? Do you think the solution given by biological dimension of efficient allocation in fisheries resources is viable? (10)
Q No. 5 A) What are the reasons we say that Coase Theorem cannot be applied widely in managing externality? Explain those reasons briefly. (4)