MEC-108: ECONOMICS OF SOCIAL SECTOR AND ENVIRONMENT
SECTION A
Answer the following questions in about 700 words each. Each question carries 20 marks. 2X20=40
1) Discuss the various situations of ‘market failure’ leading to environmental degradation.
2) Discuss the significance of ‘efficiency wage’ in contributing to health and productivity of workers.
SECTION B
Answer the following questions in about 400 words each. Each question carries 12marks. 5X12=60
3) Explain how ‘poverty’ is not the sole determinant of malnutrition.
4) Specify the fundamental challenges of using the non-renewable resources optimally.
5) Derive the results for the optimal use of renewable resources under the discrete and continuous time frames.
6) Describe the concept of ‘quasi markets’ in the provisioning of public services.
7) Derive the conditions of optimality for buying health insurance in cases of absence/presence of free riders.
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