ECS2606 Environmental Economics (ECS2606)

Latest exam pack questions and answers and summarized notes for exam preparation.

Latest exam pack questions and answers and summarized notes for exam preparation.

ECS2606 EXAM PACK 2022 INCLUDES OCTOBER NOVEMBER EXAM 1 1. Explain the difference between neoclassical environmental economics, resource economics and ecological economics. [10] Environmental economics tends to look at market-based natural resource use, management, and the impacts of environmental policy on the market with a notion that economic growth can continue beyond the confines of the physical environment. In other words, environmental economics operates within a neo-classical...

ECS2606 EXAM PACK 2022 ECS2606 EXAM PACK 2022

Answer: Question 1 Technological advances since the Industrial Revolution have paved the way for rapid economic growth which has come at the expense of environmental quality. Problems associated with economic growth Pollution Industrial production processes are characterised by the possibility to mitigate emissions, using physical and human capital which allows for an increase in output with the same amount of emissions. Environmental degration is caused by the stock of pollutants which ...