Environmental Economics Question Paper

Environmental Economics

Course:Bachelor Of Environmental Studies

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
SECOND SEMESTER EXAMINATION FOR THE DEGREE OF
BACHELOR OF ENVIRONMENTAL SCIENCE

ENS 406: ENVIRONMENTAL ECONOMICS

DATE:
Friday 3rd April 2009
TIME:
8.00am-10.00am
------------------------------------------------------------------------------------------------------------
INSTRUCTIONS:
Answer question ONE and any other THREE questions: Illustrate your answers where
possible.
Question 1: Compulsory (25marks)
a)
With the use of a well labeled diagram, explain clearly the Human Environment

relationship.

[9marks]
b)
Briefly discuss five main categories of environmental problems that you are
familiar
with.
[10marks]
c)
Discuss the various types of ‘values’ in environmental economics. [6marks]

Question 2: (15marks)
a) Distinguish
clearly
between static and dynamic efficiency. In what way, if any do

these two differ from Pareto optimality?

[10marks]
b)
Discuss two economic indicators of resource scarcity, highlighting problems

associated with each where applicable.

[5marks]

Page 1 of 2
Question 3: (15marks)
Explain clearly the concept of the ‘Environmental Kuznets Curve’ and discuss its
relationship with economic growth and technological progress.

[10marks]

With the use of relevant examples and illustrations, distinguish clearly between a social
welfare
function
and
indifference
curves.
[5marks]

Question 4: (15marks)
a)
Explain clearly what you understand by the term externality of environmental
economics.
[3marks]
b)
With the use of appropriate examples, briefly discuss the types of externalities

that you are familiar, and explain what the implication of each on market

operations.

[8marks]
c)
Explain clearly what you understand by the term ‘public goods’ in environmental
economics.
[4marks]

Question 5 (15marks)
a)
Discuss the different classifications of environmental valuation methods.

[9marks]
b)
Explain clearly how you would distinguish between efficient and inefficient
properly right structures, highlighting the importance of efficient property
right structure for the environment.

[6marks]

Page 2 of 2

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