Natural resources and environmental economics UE Past Papers Questions.

1. All resources are products of natural cycles. They are all renewable but in relatively different rates and their classification should consider this together with other specific preconditions. What are these preconditions?
2. Discuss the categories of natural resources presented in the class.

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Imbalance between the availability of essential resources and future demand was a common belief in the 1960`s and 1970`s and it led to a quite polarized debate. On the one hand, there are scholars who take an optimistics view and on the other hand there are those who view the stock resource scarcity at best as a major barrier to continued economic development (the pessimistic view). Is the portrait of the fate of the world economy painted by the latter view or the” limits to growth” model an accurate one?

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The property right concept specifies both the property right relationships among people with respect to the use of things and the penalts for violating these property relationships. Associated with this is the concept of “non-attenuated property right”. Explain this concept as applied to property regimes. Discuss the significance of non-attenuated property rights to economic efficiency.

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To what extent can the Boserupian perspective be trusted to resolve the problem of population growth in developing countries, i.e the view which maintains that productivity enhancing intensification spontaneously induced by populationpressure will offset the diminishing returns from fixed area of land?

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Two important equilibriums are normally observed in utilisation of renewable resources. These are “bilogical” and “bionomic” equilibriums. Using a combination of graphical and algebraic illustrations explain the differences between the two.

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