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Ecd402: Environmental Economics And Valuation Question Paper

Ecd402: Environmental Economics And Valuation

Course:Bachelor Of Environmental Studies

Institution: Kenyatta University question papers

Exam Year:2012

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2011/2012
SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
ENVIRONMENTAL STUDIES AND COMMUNITY DEVELOPMENT

ECD 402: ENVIRONMENTAL ECONOMICS AND VALUATION

DATE: Tuesday 27th March 2012

TIME: 4.30 – 6.30 p.m.

INSTRUCTIONS
Answer Question ONE and any other TWO Questions.

Q.1) (a)
Write short notes on the following concepts:

(i)
Microeconomics

(5 marks)

(ii)
Macroeconomics

(5 marks)

(b)
Using a diagram, show and explain the difference between marginal willingness

to pay and total willingness to pay for an environmental good. (10 marks)

(c)
Briefly explain the composition of total economic value of an environmental

resource.

(10 marks)

Q.2) ‘In monetary valuation methods for environmental resources, a demand curve exists for

both Expressed Preference Methods and Revealed preference Methods’. Using graphs

sketch the application of any Revealed Preference Method and explain its
significance.

(20 marks)

1 of 2
Q.3) (a)
Define the term Externality.

(4 marks)

(b)
Using economic models show and explain the externalities associated with water

pollution and a standing forest.

(16 marks)

Q.4) (a)
Discuss the reasons for the community failure in the management of natural

resources.

(10 marks)

(b)
In your own opinion, how could the community failure be addressed? (10 marks)

Q.5) (a)
Explain ‘resource scarcity’

(4 marks)

(b)
Using the Cost-Benefit-analysis procedure, show why solar energy source
would be preferred over hydroelectric energy source in Pokot country
in Kenya.

(16 marks)

2 of 2

Ecd402: Environmental Economics And Valuation Question Paper

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