Basic Environmental Economics — DU B.A. (Hons.) Economics Previous Year Question Papers

(a) What are the key environmental initiatives taken by India across biodiversity, wildlife, and e-waste management in recent years? (3+3+3) (b) Describe the emergence of the trade and environment debate under the framework of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organisation (WTO). 2. (a) A government must decide the optimal level of a public good, such as national hold for the provision of each to be efficient? defence and a public bad, such as carbon emissions. What conditions must environmental regulation concerning emissions. a suitable diagram. (b) According to the Coase theorem, "if there are no barriers to reaching an • agreement, an efficient outcome is achieved regardless of the initial assignment (9) of property rights". Illustrate using suitable examples and diagrams. (a) Explain the conditions under which market allocation of resources is (9) (b) Suppose an individual's preference over environmental quality (g) and income to purchase market goods (M) can be represented by the utility function (i) At the income of Rs. 20, what is the individual's willingness to pay (WTP) for an increase in q from q = 3 to q = 6? (I) What happens to WTP if income doubles? (iii) Calculate Willingness to Accept (WTA) for a deterioration from q = 6 (3+3+3) 5. (a) Distinguish between technical and allocative efficiency. State the conditions (9) necessary for achieving both. (b) Examine the role of trade measures in the Convention on International Trade in Endangered Species (CITES). Evaluate the differences between ecological economics and environmental economics. Explain the graphical representation of unobserved effort in environmental regulation. How do marginal cost and marginal damage curves change under low and optimal effort levels? 7. Write short notes on any three of the following : (a) Normative vs Positive Perspectives (b) Aggregate Marginal Damage (c) Bargaining problems (d) Provisions of Basel Convention (6x3=18) (9) a ş (Market allocation) 6. (El economic (Envinmental {{9 y (Normative vs Positive Perspectives) (AgraMarginal Damage) () de a te (Bargaining problems) a (Basel Convention) i2