The Economics of Climate Change

Description:
The Economics of Climate Policy is an introductory course into the economics of climate change mitigation and adaptation policies. Essentially, the mitigation of climate change is a global public good, posing policy challenges both at the national level (within countries) as well as at the international level (between countries). In the course, concepts such as market failures, externalities, and Pigouvian taxes are developed and applied to climate change. Game theory will be introduced to understand the challenges in international climate negotiations. The history and status quo of international negotiations will be reviewed, as well as implementation policies such as the EU ETS and Germany’s Energiewende. Since these concepts can be applied to many public policy problems, the course is also an introduction into allocation theory, environmental economics, public finance and game theory. The Economics of Climate Policy is taught in the winter semester. In the summer semester, there is a complementary course on The Economics of Climate Change. That course takes a social planner perspective, focusing on cost-benefit analysis, welfare and growth theory, and mitigation options.

Literature:
TBA

Time & venue:
Lectures: Fridays, 14:00-16:00; TU Berlin, Venue TBA
Tutotial: Mondays, 10:00-12:00; TU Berlin, Venue TBA

Exam:
Usually around 6 assignment per semester and one midterm