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 […]
Environmental Economics
Environmental Economics Reading A reading to learn about the economics of Earth’s environment and climate. Students will read and discuss topics on the economics of the environment. These topics include the different approaches used by economists to analyse environmental issues, various applications of economic theory to environmental issues, techniques for economic analysis of the environment, […]
Stern Review: The Economics of Climate Change Part 5
Stern Review: The Economics of Climate Change Part 5 Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which analyses adaptation as a response to reducing vulnerability to climate change. The reading is subdivided into three chapters, as follows: Understanding the […]
Climate Mitigation and Willingness to Pay
Climate Mitigation and Willingness to Pay Classroom/Laboratory Activity A classroom/laboratory activity based on data on citizens’ willingness to pay to reduce carbon emissions as a method of mitigating climate change. This data is collected through an online survey by the German government and is available for download in Excel, R, and Google Sheet formats. Students […]
Stern Review: The Economics of Climate Change Part 4
Stern Review: The Economics of Climate Change Part 4 Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which looks at policy response to climate change. Some of the main policies discussed in this reading are carbon pricing, technology advancement, and […]
Overview of Carbon Pricing
Overview of Carbon Pricing Audio An audio conversation with Christopher Knittel, MIT, about carbon pricing and its impact on individual lifestyle. This audio podcast looks at the complexities of carbon pricing, its type, approximate individual cost and public policy around it. Students will learn about the basics of carbon pricing and be introduced to carbon […]
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 […]
Karl Marx and Climate Change
Karl Marx and Climate Change Video A short video titled ‘Marxist theory: Relevant to climate change today?’ by Graham Murdock, Loughborough University, that discusses the impact of capitalism on climate change. Murdock discusses Marx’s commentary on the breakdown of the relationship of humans with nature due the industrialization of agricultural practices. Students will learn the […]
Economic solutions for Climate Change
Economic solutions for Climate Change Audio As a teacher of Economics, this podcast can teach your students about Environmental Resources and Energy Economics, and use of carbon tax policy as a possible economic solution to climate change. This audio will help students understand the relationship between economics and climate change. Additionally, they will learn about […]
Naomi Klein discusses ‘This Changes Everything’
Naomi Klein discusses ‘This Changes Everything’ Video A video by award-winning journalist, author and filmmaker, Naomi Klein, at the Cambridge Forum about her book titled, ‘This Changes Everything’. In this video, Naomi Klein summarizes her book and explains why she thinks that capitalism is the real cause for climate change. Students will learn how capitalism, […]