Ouestion1. Explain how environment economists use the concept of ‘Consumer Surplus’ and ‘Total Economic Value’ to estimate harm to environmental resources.
Question2. Explain how the Coarsian principle is anticipated to provide a solution to the problem of environment degradation. Support your answer with practical evidences.
Question3. Make a distinction between market-based instruments and command and control instruments to reach the optimum level of pollution.
Question4. Describe fully the difference between the maximum sustainable yield and the economically efficient sustained yield.
Question5. Explain the various approaches to fisheries management.
Question6. Surveys of artisanal fishers in Mauritius reveal that most of them aren’t willing to fish in the off-lagoon areas and this leading to over-exploitation of fisheries in Mauritian lagoons. What would you suggest as a fisheries management strategy to prevent the over-exploitation of lagoons? Explain your answer.