SS21

The Economics of Climate Change is an introductory course into the economic assessment of climate change impacts and optimal mitigation and adaptation response. Welfare-economic concepts such as cost-benefit analysis, (inter-generational) discounting, non-market valuation, and different concepts of social welfare are applied to understand the impact of climate change and climate change mitigation on long-term welfare and growth. Since these concepts can be applied to many public policy problems, the course is also an introduction into intertemporal welfare theory and public economics. 

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.

Grading: Based on weekly problem sets (homework assignments) and a mid-term exam (date tba); no final exam. Make sure you attend the course from the beginning on, as we start with assignments immediately. Ph.D. students will be asked to take an oral exam in addition to the assignments and the mid-term exam.

Time and date: The lecture takes place Fridays 15 – 17 (details here); the tutorial Mondays 10 – 12 (details here). Due to time constraints, lecture and tutorials might switch. Please find the latest schedule on ISIS.

Registration: Please submit your contact details here to receive relevant information: Registration. We also welcome students from HU, FU, Potsdam, and Gasthörer. There is no restriction on Wahlfach- or Zusatzmodul-students.  

If you have questions, please contact Tobias Bergmann: teaching@mcc-berlin.net