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:
- Given the annual income of your household, how will housing costs change with a 10% rise in costs due to climate change?
- What are the trade-offs made by policy makers in order to meet the demands of stakeholders?
About the Tool
|Tool Name||Chapter 6: Choices from Understanding Climate Change: Lesson Plans for the Classroom|
|Topic(s) in Discipline||Trade-offs, Cost-Benefit Analysis, Opportunity Costs, Emission Costs, Carbon Trade-offs, Economic Policy|
|Climate Topic||Energy, Economics and Climate Change|
|Type of tool||Teaching Module|
|Grade Level||Undergraduate, Graduate|
|Developed by||Fraser Institute|
|Hosted at||Fraser Institute Website|