Capitalism and Global Warming
Capitalism and Global Warming Reading A reading by Jonathan T. Park, University of Utah, that discusses the link between climate change and capitalism. This reading discusses how consumer ideology in a capitalist society results in the overproduction and overconsumption of goods. It includes discussions on exploitation of natural resources, high energy expenditure, excess waste production […]
Pollution Permits and Opportunity Costs
Pollution Permits and Opportunity Costs Reading A reading by Holt et al. in the International Review of Economics Education, provided by The Economics Network, UK, that can be used for a classroom/laboratory activity to teach your students to identify and account for opportunity costs in production decisions. Students will learn about opportunity costs and tradable […]
Stern Review: The Economics of Climate Change Part 6
Stern Review: The Economics of Climate Change Part 6 Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which contains various dimensions of action that will be needed to reduce the risk of climate change for mitigation and adaptation. The reading […]
Economic Externalities
Economic Externalities Reading A reading titled ‘Global Warming and Economic Externalities’ by Armon Rezai, Duncan K. Foley and Lance Taylor, that discusses greenhouse gases (GHG) as a negative externality in global markets. The reading discusses the effect of mitigation investments on the economic well being of current and future generations. It also demonstrates how equilibrium […]
Environmental Economics
Environmental Economics Reading A reading to learn about the economics of Earth’s environment and climate. Students will read and discuss topics on the economics of the environment. These topics include the different approaches used by economists to analyse environmental issues, various applications of economic theory to environmental issues, techniques for economic analysis of the environment, […]
Stern Review: The Economics of Climate Change Part 5
Stern Review: The Economics of Climate Change Part 5 Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which analyses adaptation as a response to reducing vulnerability to climate change. The reading is subdivided into three chapters, as follows: Understanding the […]
Stern Review: The Economics of Climate Change Part 4
Stern Review: The Economics of Climate Change Part 4 Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which looks at policy response to climate change. Some of the main policies discussed in this reading are carbon pricing, technology advancement, and […]
Climate Change- A Market Failure
Climate Change- A Market Failure Reading A reading titled ‘Why do economists describe climate change as a market failure?’ by Alex Bowen, Simon Dietz and Naomi Hicks, that discusses how since climate change does not maximise societal welfare, it is a market failure. The reading focuses on the ‘greenhouse-gas externality’ that describes the indirect impact […]
Stern Review: The Economics of Climate Change Part 3
Stern Review: The Economics of Climate Change Part 3 Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which contains discussions on the need to stabilise greenhouse gas (GHG) concentrations and the subsequents cost of doing the same. The reading is […]
The COVID-19 Pandemic, Recession and Economic Policies
The COVID-19 Pandemic, Recession and Economic Policies Reading A reading by Carbon Brief explaining how countries around the world design economic policies for a ‘green recovery’ from the recession due to the COVID-19 pandemic, by reducing carbon emissions while boosting their economies. Students will be introduced to terms such as green recovery, green stimulus, and […]