Distinguish between the concepts of ‘weak sustainability’ and ‘strong sustainability’

Explain the Portfolio Balance Equation in the context of Non Renewable Resources.

Discuss the argument behind the Efficiency Wage Hypothesis in Health Sector.

Outline the Multi Factor Extension approach in the context of ‘rate of return’ to education.

In instituting regulations in the healthcare insurance sector, in what way the issue of ‘government failure’ assumes importance. Discuss.

In the context of ‘Future Time Preference’, discuss the importance of ‘Discounting of Costs and Benefits Flows’.

Outline the consumption versus investment debate in education.

Why is there for a need for regulation in an economy? Explain.

Illustrate the difference between the ‘direct use value’ and the ‘indirect use value’ of environment with an example.

Bring out the modifications suggested in SNA to account for the use of environmental resources

Explain the concept of Pareto optimality. Why is it an important criterion?

Discuss the concept of ‘health insurance’ analysing its interacting effect on healthcare market.

Explain the role of ‘natural resources’ in development.

Critically examine the relative merits and demerits of the fixed and flexible exchange rates.

Discuss the various instruments of trade protection. Differentiate between quotas and tariffs.

Describe the evolution of international monetary system. Examine the trends in the international monetary and financial systems.

What are the various forms of economic integration? How is trade diversion different from trade creation? Elucidate.

Explain multilateral framework of international trade. Explain its main features.

Explain the various concepts of terms of trade. Critically examine the behavior of terms of trade as explained by Prebisch.

Critically discuss the Ricardian theory of Comparative Advantage. How is it different from Adam Smith’s theory of Absolute Advantage?