Natural resources and environmental economics UE Past Papers Questions.

Natural resources and environmental economics primarily deals with resource allocation. Using two consumers and utility functions show mathematically how the rate of substitution of the consumers can be equated under optimal conditions. Explain optimal conditions for consumptions, production and product transformation under perfectly competitive markets.

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What are the preconditions for classifying resources? Discuss the natural resources categories presented in the class.

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Is the portrait of the fate of the world economy painted by the “Limits to Growth “ model an accurate one ?

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Explain the concept of “non-attenuated property rights” and discuss its significance for economic efficiency.

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The population of Sub-Saharan Africa in 2004 was 559 million and the average annual growth rate is 2.9%.

1. Predict the Sub-Saharan population in the year 2011
2. Calculate the population doubling time
3. Calculate the population tripling time
4. Discuss the factors that influence population growth in the region.

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