Testbereich

++++ Taught ONLINE ++++

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.

Lecture and tutorial: The course consists of a lecture and a tutorial. The lecture provides reasoning, theory, and the narrative. The tutorial provides analytical concepts, formal models, and mathematical techniques. Lecture and tutorial are complementary, and most students prefer to take both. However, for students that are not interested in formal approaches, there is also the option to attend only the lecture. Hence we offer two modules:

• “The Economics of Climate Policy”: lecture and tutorial, 6 ECTS, module number 60773.
• “The Economics of Climate Policy – lecture only”: 3 ECTS, module number 60774.

Time and date: The lecture takes place Fridays 14 – 16; the tutorial Mondays 10 – 12. Due to time constraints, lecture and tutorials might switch. Please find the latest schedule on ISIS.