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Environmental Economics And Community Development Question Paper

Environmental Economics And Community Development

Course:Bachelor Of Environmental Studies

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
SECOND SEMESTER EXAMINATIONS FOR THE DEGREE OF BACHELOR
OF ENVIRONMENTAL STUDIES AND COMMUNITY DEVELOPMENT

ECD 402:
ENVIRONMENTAL ECONOMICS AND COMMUNITY
DEVELOPMENT

DATE: THURSDAY 20TH AUGUST 2009 TIME: 11.00 A.M. – 1.00 P.M.

INSTRUCTIONS
• Answer Three Questions and any other TWO questions

1.
Briefly discuss the following concepts as used in environmental economics. (30 marks)
i)
The law of demand
ii)
Perfect competition market structure
iii)
Renewable material resource
iv)
Shadow prices
v)
National income accounting
vi)
Social costs.
2.
Briefly discuss any Five methods of valuation of environmental assets. (20 marks)
3.
a)
The Kenya government, like most governments in the world faces a taunting task of ensuring sustainable development in the country. Briefly explain the four macroeconomic goals that the government has to achieve. (8 marks)
b)
Explain how the four macro-economic goals above impact environmental resources in Kenya. (12 marks)
4.
a)
supposed that a producer of milk faces a cost function given by C=rK+wL and a production function given by Q = (f(K,L). Mathematically derive the producer’s equilibrium and indicate the conditions under which such equilibrium exists? (2 marks)
b)
Briefly explain the economic value of environmental resources. (8 marks)
5.
a)
Briefly explain the environmental implications of monopoly power. (8 marks)
b)
Briefly discuss how economic instruments are being used to promote sustainable environmental management in Kenya. (12 marks)

Environmental Economics And Community Development Question Paper

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