THE UNIVERSITY OF THE WEST INDIES

FIVE ISLANDS CAMPUS, ANTIGUA AND BARBUDA

SCHOOL OF MANAGEMENT, SCIENCE AND TECHNOLOGY

ECON 3034 – Resource and Environmental Economics – SEMESTER I

TUTORIAL SHEET 9
(TO BE DISCUSSED ON MONDAY 22nd NOVEMBER)

1. ‘If the market puts a lower value on trees as preserved resources than as sources of
timber for construction, then those trees should be felled for timber.’ Discuss.

2. What policy instruments are available to address the problems related to the inefficient
use of land?

3. What are the problems of undervaluing environmental amenities?

November 14, 2021