Teaching Module: Economic Trade-offs

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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 the Tool

Tool NameChapter 6: Choices from Understanding Climate Change: Lesson Plans for the Classroom
Topic(s) in DisciplineTrade-offs, Cost-Benefit Analysis, Opportunity Costs, Emission Costs, Carbon Trade-offs, Economic Policy
Climate TopicEnergy, Economics and Climate Change
Type of toolTeaching Module
Grade LevelUndergraduate, Graduate
Developed byFraser Institute
Hosted atFraser Institute Website
AccessOnline/ Offline
Computer SkillsBasic
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