Logo Trop1 (1)

Economic Trade-offs

Teaching Module

A teaching module titled ‘Choices’ from a course on climate change by the Fraser Institute. This teaching
module will help students understand the importance of trade-offs and evaluate the costs and benefits of
climate change proposals.

Students will learn about carbon emissions, trade-offs, opportunity costs, and resource use. They will be
exposed to two types of trade-offs: resource trade-offs and policy trade-offs. Through the ‘Birthday
Money’ activity, students will learn how cost can be managed given a fixed income and how increase in
costs can impact overall resource use and distribution.

Use this tool to help your students find answers to:

  1. Given the annual income of your household, how will housing costs change with a 10% rise in costs due to climate change?
  2. What are the trade-offs made by policy makers in order to meet the demands of stakeholders?
About Tool
Tool NameChapter 6: Choices from Understanding Climate Change: Lesson Plans for the Classroom 
Topic(s) in DisciplineClimate Change Economics, Trade-offs, Cost-Benefit Analysis, Opportunity Costs, Emission Costs, Carbon Trade-offs, Economic Policy
Climate TopicClimate Economics
Type of toolTeaching Module
Grade LevelUndergraduate, Graduate
Translation     –
Developed byFraser Institute

Hosted atFraser Institute Website
Computer SkillsBasic


To Subscribe to our newsletter please enter