Shadow Price and Social Cost of Carbon
Shadow Price and Social Cost of Carbon Reading A reading titled ‘The Social Cost of Carbon and the Shadow Price of Carbon’ by Richard Price, Simeon Thornton and Stephen Nelson Department for Environment, Food and Rural Affairs (Defra), London, that discusses the topics of social cost of carbon (SCC) and shadow pricing of carbon (SPC) […]
Capitalism and Global Warming
Capitalism and Global Warming Reading A reading by Jonathan T. Park, University of Utah, that discusses the link between climate change and capitalism. This reading discusses how consumer ideology in a capitalist society results in the overproduction and overconsumption of goods. It includes discussions on exploitation of natural resources, high energy expenditure, excess waste production […]
The Global Climate Change Game
The Global Climate Change Game Classroom/Laboratory Activity An interactive classroom activity ‘The Global Climate Change Game’ by James Copestake and Tom Ellum, University of Bath, that applies theoretical economic concepts in the context of climate change. The game involves role-play by students to understand.international climate change negotiations between countries influenced by ethics and morals. The […]
Pollution Permits and Opportunity Costs
Pollution Permits and Opportunity Costs Reading A reading by Holt et al. in the International Review of Economics Education, provided by The Economics Network, UK, that can be used for a classroom/laboratory activity to teach your students to identify and account for opportunity costs in production decisions. Students will learn about opportunity costs and tradable […]
Stern Review: The Economics of Climate Change Part 6
Stern Review: The Economics of Climate Change Part 6 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 various dimensions of action that will be needed to reduce the risk of climate change for mitigation and adaptation. The reading […]
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 […]