Economic Externalities
Economic Externalities Reset
Economic Externalities
Economic Externalities Reading A reading titled ‘Global Warming and Economic Externalities’ by Armon Rezai, Duncan K. Foley and Lance Taylor, that discusses greenhouse gases (GHG) as a negative externality in global markets. The reading discusses the effect of mitigation investments on the economic well being of current and future generations. It also demonstrates how equilibrium […]
Economics of Climate Change with William Nordhaus, Nobel Laureate (2018)
Economics of Climate Change with William Nordhaus, Nobel Laureate (2018) Video This video lecture by William Nordhaus on the economics of climate change. This is a comprehensive video on the impacts of climate change and its effect on the economy, along with a focus on economic policy for climate mitigation and adaptation. Students will be […]
Environmental Economics: Climate Change as Market Failure
Impact of Climate Change on Environmental Economics: Climate Change as Market Failure Overview Overview As a High School or Undergraduate Economics teacher, you can use this set of computer-based tools to teach about national/international environmental protection, negative externalities such as global warming, and market failure associated with climate change. This lesson plan allows you to […]
Economics
Search by Resource Type Lesson Plan Teaching Tool Search by Key Topics in Economics Climate Change Economics Microeconomics Invisible Hand Tragedy of the Commons Marxism Capitalism Cost Benefit Analysis Market Failure Opportunity Costs Economic Growth Energy Economics Economic Externalities Social Cost of Carbon Willingness to Cooperate Willingness to Pay Gender Economics Economic Policy Hubbert’s Peak […]
Stern Review: The Economics of Climate Change Part 1
Stern Review: The Economics of Climate Change Part 1 Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which contains a compilation of the scientific evidence of human caused climate change, its analysis through economic theory, and discussion on possible alternatives […]
Global Warming- A Negative Externality
Global Warming- A Negative Externality Video A short video by Hoesung Lee, Korea University and vice-chair of the Intergovernmental Panel on Climate Change (IPCC) on carbon pricing and climate change. The video discusses the importance of putting a price on carbon emissions and related activities since climate change is an example of a global externality. […]
Measuring Value of Abatement for Climate Policy
Impact of Climate Change on Measuring Value of Abatement for Climate Policy Overview Overview 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 […]
Climate Change- A Market Failure
Climate Change- A Market Failure Reading A reading titled ‘Why do economists describe climate change as a market failure?’ by Alex Bowen, Simon Dietz and Naomi Hicks, that discusses how since climate change does not maximise societal welfare, it is a market failure. The reading focuses on the ‘greenhouse-gas externality’ that describes the indirect impact […]
Carbon Pricing: Shadow and Market Prices
Impact of Climate Change on Carbon Pricing: Shadow and Market Prices Overview As an undergraduate Economics teacher, you can use this set of computer-based tools to teach the concept of Carbon Pricing and the instruments to implement it- Carbon Tax and Cap-and-Trade/Emissions Trading System (ETS). This lesson plan includes a resource to help students understand […]