wir890 - Climate Economics (Complete module description)
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 |
|
Responsible persons |
|
Prerequisites | |
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. |
Recommended reading | 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. |
Links | |
Language of instruction | English |
Duration (semesters) | 1 Semester |
Module frequency | Annual |
Module capacity | 30 |
Previous knowledge | Microeconomics |
Type of course | Comment | SWS | Frequency | Workload of compulsory attendance |
---|---|---|---|---|
Lecture | 2 | SuSe or WiSe | 28 | |
Seminar | 2 | SuSe or WiSe | 28 | |
Total module attendance time | 56 h |
Examination | Prüfungszeiten | Type of examination |
---|---|---|
Final exam of module | At the end of the lecture period |
Written exam (max. 120min) |