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Economics of Climate Change with William Nordhaus, Nobel Laureate (2018)


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 introduced to the economics of climate change. They will learn about carbon pricing and its alternatives, use of subsidies, cap & trade, and taxation as potential climate solutions. Students will also be able to establish a link between economics and public policies and learn to integrate human economy and climate change.

Use this tool to help your students find answers to:

  1. What is the economics of climate change?
  2. What is carbon pricing?
  3. How can economic policies help mitigate climate change?
  4. What is the cost of policy uncertainty on climate change?
About Tool
Tool Name William Nordhaus: The Economics of Climate Change 
Discipline Economics 
Topic(s) in Discipline Climate Change Economics, Economic Growth, Economic Policy, Economic Externalities, Microeconomics, Demand and Supply, Carbon Pricing, Carbon Tax, Cap and Trade, Cost Benefit Analysis 
Climate Topic Climate Economics, Policy, Politics and Environmental Governance
Type of tool Video (64 mins) 
Grade Level Undergraduate
Location Global
Language English
Translation      –
Developed by Becker Friedman Institute, University of Chicago  
Hosted at YouTube 
Access Online
Computer Skills Basic


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