,ECS2606 Assignment 2 (COMPLETE ANSWERS)
Semester 1 2025 (157760) - DUE 22 April 2025;
100% TRUSTED Complete, trusted solutions and
explanations.
MULTIPLE CHOICE,ASSURED EXCELLENCE
1. Analyse the static perspectives of the relationship between
the economic growth and the environment in developing
countries. Use a graph to illustrate your answer. [10]
ECS2605 2. Explain how multiple sources of emissions can be
controlled by using the equimarginal principle. [10] ECS2604
3. Use a graph to explain whether one standard of emissions
can be simultaneously efficient in both a rural and an urban
area. [10] Read the excerpt below and answer Question 4.1
and 4.2 Efficiency of Market Based Instruments ECS2603
Empirical studies in the United States (US) show that the
efficiency gains associated with using economic instruments
rather than command-and- control have been substantial.
Tietenberg suggests that approaches to regulate air pollution
were as much as 22 times as expensive as the least-cost
market-oriented alternative. For the eleven applications
studied command-and-control applications were on average
six times as expensive. Anderson et al. estimated that as of
1992, economic instruments for air, water, and land pollution
within the US had saved more than US$11 billion relative to
a command-and-control baseline.
https://www.environmentalauditing. org/media/5370/wgea-
, instrument-protection-and-management_isbn-ok.pd 4.1
Discuss the three types of environmental standards which
form the commandand- control strategies. [10] ECS2601 4.2
Explain why incentive-based policies such as market-based
instruments would tend to produce more efficiency gains
than command-and-control policies? [5] ECS2602 5. Explain
how property rights can steer the economy to social
efficiency. [5]
1. Static Perspectives on Economic Growth and the
Environment in Developing Countries (ECS2605)
Static perspectives suggest that economic growth initially
leads to environmental degradation, but after a certain
income level, societies demand better environmental
quality (Environmental Kuznets Curve - EKC).
Developing countries often prioritize growth over
environmental concerns, leading to resource depletion and
pollution.
The graph should illustrate the EKC: X-axis: Income per
capita, Y-axis: Environmental degradation. The curve
initially rises (worsening environment) and then falls
(improving environment) after a certain threshold.
2. Controlling Multiple Sources of Emissions Using the
Equimarginal Principle (ECS2604)
Semester 1 2025 (157760) - DUE 22 April 2025;
100% TRUSTED Complete, trusted solutions and
explanations.
MULTIPLE CHOICE,ASSURED EXCELLENCE
1. Analyse the static perspectives of the relationship between
the economic growth and the environment in developing
countries. Use a graph to illustrate your answer. [10]
ECS2605 2. Explain how multiple sources of emissions can be
controlled by using the equimarginal principle. [10] ECS2604
3. Use a graph to explain whether one standard of emissions
can be simultaneously efficient in both a rural and an urban
area. [10] Read the excerpt below and answer Question 4.1
and 4.2 Efficiency of Market Based Instruments ECS2603
Empirical studies in the United States (US) show that the
efficiency gains associated with using economic instruments
rather than command-and- control have been substantial.
Tietenberg suggests that approaches to regulate air pollution
were as much as 22 times as expensive as the least-cost
market-oriented alternative. For the eleven applications
studied command-and-control applications were on average
six times as expensive. Anderson et al. estimated that as of
1992, economic instruments for air, water, and land pollution
within the US had saved more than US$11 billion relative to
a command-and-control baseline.
https://www.environmentalauditing. org/media/5370/wgea-
, instrument-protection-and-management_isbn-ok.pd 4.1
Discuss the three types of environmental standards which
form the commandand- control strategies. [10] ECS2601 4.2
Explain why incentive-based policies such as market-based
instruments would tend to produce more efficiency gains
than command-and-control policies? [5] ECS2602 5. Explain
how property rights can steer the economy to social
efficiency. [5]
1. Static Perspectives on Economic Growth and the
Environment in Developing Countries (ECS2605)
Static perspectives suggest that economic growth initially
leads to environmental degradation, but after a certain
income level, societies demand better environmental
quality (Environmental Kuznets Curve - EKC).
Developing countries often prioritize growth over
environmental concerns, leading to resource depletion and
pollution.
The graph should illustrate the EKC: X-axis: Income per
capita, Y-axis: Environmental degradation. The curve
initially rises (worsening environment) and then falls
(improving environment) after a certain threshold.
2. Controlling Multiple Sources of Emissions Using the
Equimarginal Principle (ECS2604)
