Exam (90 Min.)
The course has 6 credit points (ECTS)
The aim of this lecture is to provide basic economic knowledge and key tools for analyzing climate policy. The lecture will first give an overview on research methods and findings regarding climate impacts and mitigation options as well as key concepts for integrating climate change in economic welfare and policy analysis. Students apply these concepts and develop stylized climate-economy models to analyse future warming and climate damages. Finaly, implications for policy design (e.g. carbon pricing) for incentivizing emission reductions are discussed.
Qualification goals:
Knowing and understanding basic concepts and methods for quantifying and valuing economic climate impacts Understand and apply methods of static and (simple dynamic) optimization for welfare analyses Understand key normative aspects for welfare analysis and apply them in research (discounting, inequality aversion, risk aversion) Understand and applying the Social Cost of Carbon approach for policy analysis and cost-benefit analysisUnderstand and apply economic concepts for analyzing uncertainty with respect to climate change.
