The course has 6 ECTS (credit points).
Suggested reading:
Perman, R.; Ma, Y; McGilvray, J; Common, M: Natural Resource and Environmental Economics (Pearson education, third edition): Chapters 2, 3, 4, 6, 10, 11, 14, 16
Klausur in English (Written exam), 6 LP, Duration: 90 min
This course introduces key concepts and tools to analyze climate change and climate policy. What are the economic drivers of human-made climate change and how should we respond to it? What are the projections of climate change and its impacts? What would it take to stop climate change and achieve long-term climate targets? What technologies and policy instruments are at our disposal to reduce greenhouse gas emissions? How do normative considerations affect the actions we should take? What is the status of international climate policy and how can we address the challenges of global cooperation? All of these questions are essential to understand and cope with the phenomenon of human-made climate change. The course connects concepts from environmental economics, welfare economics, and optimal policy analysis with the dynamics of natural systems, using basic mathematical concepts from environment-economy modelling such as stock-pollutant models and optimal control. The aim is to provide students with a sound economic and policy perspective on climate change and how it can be tackled.
