NIFK13006U The Economics of Climate Change
The aim of the course is to give a good understanding of the
economic aspects of climate change and the economics of policy
measures to control climate change. After completing the course the
student should be able to:
- Describe the basic concepts of market failure, (global) externalities and the rationale for public intervention to control externalities.
- Describe the relevant instruments to control the emission of GHG.
- Describe the economic principles and problems associated with global climate change agreements.
- Summarise the magnitudes of global costs and benefits associate with the control of climate change.
- Summarise the existing international climate change agreements and the instruments applied.
- Reflect on the ethical aspects of environmental justice and burden sharing in international climate policy.
- Identify relevant approaches to economic analysis of GHG emissions and climate change.
- Select relevant instruments to control GHG emissions.
- Identify economic obstacles to global climate change agreements.
- Identify economic approaches to remove obstacles to global climate agreement.
- Incorporate economic considerations in scientific and political analyses of climate change issues.
- Evaluate the different policy instruments available to control GHG emissions.
- Explain the relevance and limitations of economic approaches to the control of climate change.Assess the economic aspects of (current) climate policy negotiations and the relevance of the policy instruments suggested to realise the targets.
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- 7,5 ECTS
- Type of assessment
- Written examination under invigilationWritten exam, 4 hours with external censorship.
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
- If 10 or fewer register for the reexamination the examination form will be oral.