Total No. of Printed Pages : 4] M/Sem IIV/156 Roll No... M. A. Semester Ill Examination, 2013-14 ECONOMICS Paper: ECM-304C (Fundamental of Environmental Economics) Time : Three hours | (Full Marks : 70 IWrite your Roll No. at the top immediately on the receipt of this question paper.) Note: This paper comprises three sections: All questions are compulsory. gow waa dws 2 wen ala we oiftared "Band 'C. SECTION-A WE -3 Note: Angier cach question in about 50 words. Each question casries2 marks. 2x5=10 Praia wed & wee so mat de) nels eT 2 oat or EL 4, (a) Functions of environment. gatas & anh) P.T.O.‘MW Sem III/156 (b) Indirect use value. we anaenfter Fea) (c) Coase theorem. ant Regt | (d) Weak sustainability. ager (Pay ech | (o) Environmental Kuznets curve enfarty Gute THI SECTION -8 we -4 Note: Answer each of the following questions in about 250 words. Lach question carries 10 marks. 3 +10 =30 na A a wee wer sr Tay AMT 250 weal A Ae wets wea 10 oH 21 2. Is environmental degradation —a_necessary consequence of economic growth ? aa qataofy orery ante offtgig mr orarues uo & 7 OR wer Give a bef description of historical evolution of environmental economics. cates ahrea & eterfie sqra at ety A Rau aE 1 (2)M/ Sem 1/156 3. Discuss the relevance and application of the concept of externalities in environmental economics, vataecha aekerea # areran a sraureon } wet Ve sift a area aay | oR area Explain how environmental goods as public goods results in market failure ? Support your answer with suitable illustration. aman afte fr fre vor wo uduita ag b wo i catacha veq ara fewer wr BRT ier e ? SEY TAR BH TTYAT TeeTT B WASNT 4, What is environmental value ? Justify the need for valuing environmental goods. afta yea war gin & Y URas Tear BT areerpar A sagan @Y Re aAftry | oR aera Distinguish between the strong and weak sustainability theories of sustainable development. wits Row ¢ Rar o wr 4 waa wi Ga eiohoren & ofa af | SECTION-C ws 8 Note: Answer all questions, Fach question carries 15 marks. 2x15 =30 wh weit & were Fst eT 15 sat wT BI a) P.1.0.M/ Sem 11/156 5. Discuss the interaction between the economic system and environmental system with the help of suitable diagrams. Sayed fea) a) arene @ oikararen ed ata aren & santerr &) fawn Hfeary oR aera Compare command and control and economic incentives as methods of pollution control. Which one you consider superiors and why ? Seve Peiay HA ees A mye Rare eer ain tenet é) qoren wep FA a sry (BA Ars atasl Bog gat? 6. Discuss the strengths and weaknesses of contingent valuation method in the context of developing counties. ve Rare eg 8 ret a sais mand & as ste quh a) Ramer ARTY + oR sear Discuss the significance and limitations of the Coase ‘Theorem in the context of environment - economy: relations cata — selarren veer 6 ued A ate frerd Reva qa that Ht amen zig | 400 (4)