Description
BECE-143: ENVIRONMENTAL ECONOMICS
Course Code: BECE-143
Assignment Code: BECE143/TMA /2023-24
Maximum Marks: 100
Answer all the questions
A. Long Answer Questions (word limit-500 words). Each question carries 20 marks.
2 × 20 = 40
1) What are Public Goods? Explain their features with the help of examples. Is the efficient provision of
a public good different than the efficient provision of a private good? Explain your response with the
help of appropriate diagrams.
2) Discuss the Coase Theorem. How does it work? Explain with examples. Are there any limitations of
Coasian bargaining? Support your answer with examples.
B. Medium Answer Questions (word limit-250 words). Each question carries 10 marks.
3 × 10 = 30
3) Distinguish between Willingness to Pay and Willingness to Accept. Give examples.
4) What do you understand by the term ‘sustainable development’? Explain any two perspectives on
sustainable development.
5) How does Command and Control Approach (CAC) approach work? Discuss its advantages.
C. Short Answer Questions (word limit 100 words). Each question carries 15 marks.
2 × 3 × 5 = 30
6) Differentiate between:
(a) Efficiency in production and efficiency in consumption
(b) stated preference and revealed preference methods of evaluating environmental resources
(c) Use value and non-use value of environmental services
7) Write short notes on the following:
(a) Pigouvian Tax
(b) Stocks and flows of economic assets
(c) Travel cost method
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