Ques 1.

What are Public Goods? Explain their features with the help of examples. Is the efficient provision of a public good different than the efficient provision of a private good? Explain your response with the help of appropriate diagrams

Ques 2.

Discuss the Coase Theorem. How does it work? Explain with examples. Are there any limitations of Coasian bargaining? Support your answer with examples.

Ques 3.

Distinguish between Willingness to Pay and Willingness to Accept. Give examples.

Ques 4.

What do you understand by the term ‘sustainable development’? Explain any two perspectives on sustainable development.

Ques 5.

How does Command and Control Approach (CAC) approach work? Discuss its advantages.

Ques 6.

Efficiency in production and efficiency in consumption

Ques 7.

stated preference and revealed preference methods of evaluating environmental resources

Ques 8.

Use value and non-use value of environmental services

Ques 9.

Pigouvian Tax

Ques 10.

Stocks and flows of economic assets

Ques 11.

Travel cost method