As an undergraduate Economics teacher, you can use this set of computer-based tools to help you in teaching cost-benefit analysis.
This lesson plan will help students to understand the principles of cost-benefit analysis. The activities will allow students to apply cost-benefit analysis to global climate change, in general, and to carbon abatement (an action to mitigate climate change).
Thus, the use of this lesson plan allows you to integrate the teaching of a climate science topic with a core topic in Economics.
Use this lesson plan to help your students find answers to:
- 1. Explain the principles of cost-benefit analysis
- 2. What are the possible limitations of measuring the costs of climate change in terms of the GDP?
- 3. How can cost-benefit analysis be applied to carbon emissions abatement?
About Lesson Plan
|Topic(s) in Discipline||
|Approximate Time Required||150 – 180 min|
|Reading (20 – 30 min)||A reading that introduces the principles of cost-benefit analysis.|
|Reading (~45 – 60 min)||A reading to discuss the economic analysis of climate change and specifically, cost-benefit studies of global climate change.
Ch. 2 (Economic Analysis of Climate Change), pg. 15-25 (Cost-Benefit Studies of Global Climate Change) http://www.ase.tufts.edu/gdae/education_materials/modules/The_Economics_of_Global_Climate_Change.pdf
|Classroom/ Laboratory activity
|A classroom/laboratory activity to perform cost-benefit analysis of carbon emissions abatement.|
|1.Introduce the topic by using a reading||
|2.Discuss the topic in more detail by using another reading||
|3. Conduct a classroom/laboratory activity||