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Note: Answer all the questions.
Answer the following questions in about 700 words each. The word limits do not apply in case of numerical questions. Each question carries 20 marks.
1) In the context of ‘Future Time Preference’, discuss the importance of ‘Discounting of Costs and Benefits Flows’.
2) In instituting regulations in the healthcare insurance sector, in what way the issue of ‘government failure’ assumes importance. Discuss.
Answer the following questions in about 400 words each. Each question carries 12 marks.
3) Outline the Multi Factor Extension approach in the context of ‘rate of return’ to education.
4) Discuss the argument behind the Efficiency Wage Hypothesis in Health Sector.
5) Explain the Portfolio Balance Equation in the context of Non Renewable Resources.
6) Distinguish between the concepts of ‘weak sustainability’ and ‘strong sustainability’.
7) Write a note on IPAT and KAYA identities.
MEC108, MEC 108 ENGLISH MEDIUM