MEC 108 ECONOMICS OF SOCIAL
SECTOR AND ENVIRONMENT
December 2019 Question
Paper
Time : 3
Hours] [Maximum Marks : 100
Note :
Answer questions from both sections as per instructions.
SECTION-A
Note :
Answer any two questions from this section in about 500 words each
1. Discuss
the essence of the 'economy environment' interaction as captured by the
Material Balance Model.
2. Examine
the tenability of education production function.
3. Derive
the average revenue productivity of physicians under the Party-Redisch model.
4. Discuss
the method of 'Environmental Cost Benefit Anaylsis' (ECBA).
SECTION-B
Note :
Answer any five questions from this section in about 250 words each :
5. State the
principal characteristics of a well defined 'property rights system'.
6. State the
alternative approach to 'human capital' theory by way of Spence's theory of
signalling.
7. Indicate
the difference between private and public supply of health services.
8.
Distinguish between the use value and non-use value of environment.
9.
Differentiate between the concepts of HicksianSustainability and
thel4artwick-Solow Sustainability.
10. State
the major findings of the field studies on CPRs management.
11. 'Outline
Sen's perspective of capabilities.
12. Critique
the issues behind the debate on the Land Acquisition Policy in India.
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