Get premium membership and access revision papers, questions with answers as well as video lessons.

Eco 319: Environmental Economics Question Paper

Eco 319: Environmental Economics

Course:Bachelor Of Arts In Economics

Institution: University Of Kabianga question papers

Exam Year:2017

SCHOOL OF BUSINESS AND ECONOMICS

Department of Accounting, Finance and Economics

2016/2017 Academic Year

THIRD YEAR SECOND SEMESTER EXAMINATION

FOR THE DEGREE OF BACHELOR OF ARTS (ECONOMICS)

ECO 319: ENVIRONMENTAL ECONOMICS

Instructions: Answer Question ONE and any other THREE

Question One [25 Marks]

[a] Explain the following terms as used in Environmental and Natural resources. [20 Marks]

(i) Natural Resources

(ii) Man-made Resources

(iii) Renewable Resources

(iv) Non-Renewable Resources

(v) Property Rights

(vi) Common Access Resources

(vii) Sustainable Development

(viii) Externality

(ix) Public good

(x) Private good

[b] Discuss the various sources of Market Failures in Environmental Economics. [5 Marks]

Question Two [15 Marks]

[a] Kenya's Natural Resources are facing threats. Discuss any FIVE threats and possible policy remedies. [9 Marks]

[b] Agriculture and Environment are interlinked. Discuss. [6 Marks]

Question Three [15 Marks]

[a] Discuss the various forms of environmental degradation. [9 Marks]

[b] Explain the following two approaches of valuing environment:

(i) Hedonic method [3 Marks]

(ii) Contingent valuation, what policy options exists. Discuss the convergence. [3 Marks]

Question Four [15 Marks]

[a] Explain the major areas of concern handled by an Environmental Economist. [6 Marks]

[b] Economic activity has a material basis and it draws resources from the environment and provides flows back into the environment. In the light of this, state the two laws of thermodynamics. [9 Marks]

Question Five [15 Marks]

[a] State and explain some of the major world environmental problems today. [9 Marks]

[b] Both urban and rural areas face environmental issues. Discuss these pertinent issues. [6 Marks]

Eco 319: Environmental Economics Question Paper

More Question Papers

Popular Exams