Description
BECE-143:ENVIRONMENTAL ECONOMICS
CourseCode:BECE-143
AssignmentCode:BECE143/TMA/2024-25
MaximumMarks:100
Answer all the questions
A. Long Answer Questions (wordlimit-500words).Each question carries 20marks.
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(wordlimit-250words).Each question carries 10marks.
3) Distinguish between Willingness to Pay and Willingness to Accept. Give examples.
3×10=30
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 limit100words).Each question carries 15marks.
6) Differentiate between:
(a) Efficiency in production and efficiency in consumption
2×3×5=30
(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) PigouvianTax
(b) Stocks and flows of economic assets
(c) Travel cost method
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