WOLLEGA UNIVERSITY GIMBI CAMPUS
FACULTY OF NATURAL AND ENVIRONMENTAL ECONOMICS
DEPARTMENT OF SOIL RESOURCE AND WATER SHADE MGT
YEAR: II SEMESTER: II
COURSE TITLE: NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS
Group Assignment (20%)
_________________________________________________________________
General Instructions:
Write your name, ID No and section.
Answer all of the following questions.
Neat and good steps will have credit
Any kind of cheating or attempt to cheat or allowing others to cheat has no excuse.
I. MULTIPLE CHOICE-2%
1. Developed countries and developing countries face similar environmental problem. But the
degree of the problem may vary from country to country depending on geographical location
and economic status. Regarding their anxiety which one of the following is ODD???
A) Over fishing B) Soil depletion C) Indoor smoke D) Global warming E) None F) All
II. ESSAY-18%
1. Discuss the relevance and application of the concept of externalities in environmental economics.
2. Differentiate both sustainable development and sustainable environment.
3. Summarize the impact of externality on the market system
4. Discuss briefly Concepts of Economic value
5. Discuss Economic valuation technique and Environmental valuation techniques
6. Briefly describe environment, natural resource and economic development and their relation.
7. Explain the concept of the ‘efficient level of pollution’. What information is required in
order to identify such an efficient quantity?
8. Explain efficiency, property rights and economic market
9. Why environmental valuation and analysis?
10. Under which circumstances will the economically optimal level of pollution be zero? Under
which circumstances will it be optimal to undertake zero pollution abatement.
NB: EACH GROUP CONTAINS ONLY TEN (10) MEMBERS
MAXIMUM PAGE: 8 PAGES
SUBMITION DATE: 23-02-2021 G.C
PREPARED BY: YEROSAN SH. (MSc.)
GOOD LUCK!!!!