As an Undergraduate Economics teacher, you can use this set of computer-based tools to help you in teaching about implementation of environmental policies by measuring the value of abatement. This lesson plan will enable you to teach your students about assessing the benefits of abatement by analyzing a survey to measure the willingness of people to pay for climate change mitigation.
Economists often face the problem of placing a value on the abatement of environmental damage, to set against the cost of implementing abatement policies. Amongst the various methods used to estimate the value of abatement are contingent valuation and hedonic pricing. In this lesson plan, students will be able to learn about the challenges of placing a value on abatement through a classroom exercise in contingent valuation of the willingness to pay (WTP) to reduce carbon emissions to mitigate climate change.
Thus, the use of this lesson plan allows you to integrate the teaching of a climate science topic with a core topic in Economics.
As an Undergraduate Economics teacher, you can use this set of computer-based tools to help you in teaching about implementation of environmental policies by measuring the value of abatement. This lesson plan will enable you to teach your students about assessing the benefits of abatement by analyzing a survey to measure the willingness of people to pay for climate change mitigation.
Economists often face the problem of placing a value on the abatement of environmental damage, to set against the cost of implementing abatement policies. Amongst the various methods used to estimate the value of abatement are contingent valuation and hedonic pricing. In this lesson plan, students will be able to learn about the challenges of placing a value on abatement through a classroom exercise in contingent valuation of the willingness to pay (WTP) to reduce carbon emissions to mitigate climate change.
Thus, the use of this lesson plan allows you to integrate the teaching of a climate science topic with a core topic in Economics.
The tools in this lesson plan will enable students to:
Grade Level | Undergraduate |
Discipline | Economics |
Topic(s) in Discipline | Climate Change Economics, Economic Externalities, Value of Abatement, Contingent Valuation, Hedonic Pricing, Willingness to Pay (WTP), Cronbach’s Alpha |
Climate Topic | Climate Mitigation and Adaptation; Climate Economics; Policies, Politics and Environmental Governance |
Location | Global, Germany |
Language(s) | English |
Access | Online / Offline |
Approximate Time Required | 90-120 mins |
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Here is a step-by-step guide to using this lesson plan in the classroom/laboratory. We have suggested these steps as a possible plan of action. You may customize the lesson plan according to your preferences and requirements.
Teaching Module (30-45 min)
Use the teaching module, ‘20.6: The measurement challenges of environmental policy’ by CORE to explain the need to measure the value of abatement in the implementation of environmental policy.
Classroom/Laboratory activity (60-75 min)
Use the project, ‘Measuring willingness to pay for climate change mitigation’ by CORE to conduct a classroom activity using data from an internet survey by the German government.
Reading (20 mins)
Ask your students to read the research article, ‘Cooperation in the climate commons’ by Stefano Carattini et al., published by the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the Environment.
Use this lesson plan to help your students find answers to:
1 | Reading; ‘Willingness to pay for climate policy: a review of estimates’ | A working paper by Evan Johnson and Gregory Nemet, Robert M. La Follete School of Public Affairs at the University of Wisconsin-Madison. |
2 | Reading; ‘An Experimental Investigation of the Impacts of Persuasion and Information Acquisition on Non-Use Values for Climate Change Adaptation’ | A working paper by Tanya O’Garra and Susanna Mourato, published by the Centre for Climate Change Economics and Policy and the Grantham
Research Institute on Climate Change and the Environment.
This can be accessed here . |
1 | Teaching Module; ‘20.6: The measurement challenges of environmental policy’ | By CORE-Economics for a changing world. |
2 | Classroom Activity; ‘Measuring willingness to pay for climate change mitigation’ | By CORE-Economics for a changing world. |
3 | Additional Resources | Robert M. La Follete School of Public Affairs at the University of Wisconsin-Madison. Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the Environment. |
Grade Level | Undergraduate |
Discipline | Economics |
Topic(s) in Discipline | Value of Abatement, Contingent Valuation, Hedonic Pricing, Willingness to Pay (WTP), Cronbach’s Alpha |
Climate Topic | Climate Mitigation and Adaptation; Energy, Economics and Climate Change; Policies, Politics and Environmental Governance |
Location | Global, Germany |
Language(s) | English |
Access | Online / Offline |
Approximate Time Required | 90-120 mins |
Share | |
Resource Download |
Here is a step-by-step guide to using this lesson plan in the classroom/laboratory. We have suggested these steps as a possible plan of action. You may customize the lesson plan according to your preferences and requirements.
Teaching Module (30-45 min)
Use the teaching module, ‘20.6: The measurement challenges of environmental policy’ by CORE to explain the need to measure the value of abatement in the implementation of environmental policy.
Classroom/Laboratory activity (60-75 min)
Use the project, ‘Measuring willingness to pay for climate change mitigation’ by CORE to conduct a classroom activity using data from an internet survey by the German government.
Reading (20 mins)
Ask your students to read the research article, ‘Cooperation in the climate commons’ by Stefano Carattini et al., published by the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the Environment.
Use the tools and the concepts learned so far to discuss and determine answers to the following questions:
Use this lesson plan to help your students find answers to:
1 | Reading; ‘Willingness to pay for climate policy: a review of estimates’ | A working paper by Evan Johnson and Gregory Nemet, Robert M. La Follete School of Public Affairs at the University of Wisconsin-Madison.
This can be accessed here. |
2 | Reading; ‘An Experimental Investigation of the Impacts of Persuasion and Information Acquisition on Non-Use Values for Climate Change Adaptation’ | A working paper by Tanya O’Garra and Susanna Mourato, published by the Centre for Climate Change Economics and Policy and the Grantham
Research Institute on Climate Change and the Environment.
This can be accessed here . |
1 | Teaching Module; ‘20.6: The measurement challenges of environmental policy’ | By CORE-Economics for a changing world. |
2 | Classroom Activity; ‘Measuring willingness to pay for climate change mitigation’ | By CORE-Economics for a changing world. |
3 | Additional Resources | Robert M. La Follete School of Public Affairs at the University of Wisconsin-Madison. |
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