Stud.IP Uni Oldenburg
University of Oldenburg
18.08.2022 00:09:02
wir890 - Climate Economics (Complete module description)
Original version English Download as PDF
Module label Climate Economics
Module code wir890
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Economics)
Applicability of the module
  • Master Applied Economics and Data Science (Master) > Economics
  • Master's Programme Environmental Modelling (Master) > Mastermodule
  • Master's Programme Sustainability Economics and Management (Master) > Additional Modules
Responsible persons
Böhringer, Christoph (Module responsibility)
Lehrenden, Die im Modul (Authorized examiners)
Riesenbeck, Lukas (Module counselling)
Skills to be acquired in this module
This course aims at giving students an understanding of reasons, objectives and economic instruments for climate policy. Students first get acquainted with the natural science of the climate where anthropogenic greenhouse gas emissions constitute the source of man-made climate change. The latter is then explained from an economic perspective as a global environmental externality calling for environmental regulation to avoid substantial market failures. Game theoretic analysis of international negotiations and agreements provides key insights about the fundamental problems of free-riding and efficient climate policy design. Beyond theoretical propositions, 15 the lecture will critically discuss past and contemporary climate policies such as the Kyoto Protocol, the Paris Agreement, or the EU Emissions Trading System
Module contents
atural science of climate change; environmental externalities and market failures; environmental regulation (emission taxes, standards, tradable permits, etc.); international environmental agreements; critical appraisal of climate policy implementation.
Reader's advisory
Roger Perman, Yue Ma, Michael Common, David Maddison and James McGilvray. Natural Resource and Environmental Economics. Addison Wesley. 2011 (4th edition).

Daniel J. Phaneuf and Till Requate. A Course in Environmental Economics: Theory, Policy, and Practice. Cambridge University Press, 2016.
Language of instruction English
Duration (semesters) 1 Semester
Module frequency Annual
Module capacity 30
Modullevel / module level MM (Mastermodul / Master module)
Modulart / typ of module Wahlpflicht / Elective
Lehr-/Lernform / Teaching/Learning method
Vorkenntnisse / Previous knowledge Microeconomics
Course type Comment SWS Frequency Workload of compulsory attendance
2 SuSe or WiSe 28
2 SuSe or WiSe 28
Total time of attendance for the module 56 h
Examination Time of examination Type of examination
Final exam of module
At the end of the lecture period
Written exam (max. 120min)