The Economics of Climate Change

Guest Instructor: 
Gregor Schwerhoff
Time I: 
02:00pm to 04:00pm
Time II: 
10:00am to 12:00pm

the tutorial is Monday from 10-12 and the lecture from 14-16

Content:The Economics of Climate Change is an introductory course into economic assessment of climate change impacts and optimal mitigation and adaptation response. Welfare-economic concepts such as cost-benefit analysis, discounting, intergenerational equity, non-market valuation are applied to understand the impact of climate change and mitigation on long-term welfare and growth.
·         Topics: Along the lines of the Stern Review and the IPCC fifth assessment report, we provide a systematic overview of the relevant issues in climate change economics.
This includes, inter alia:
·         physics of climate change: global warming, radiative forcing, greenhouse gases, feedbacks, carbon cycle, uncertainties and projections
·         climate change impacts on biological and human systems, vulnerability, adaptive capacity, tipping points
·         social cost-benefit analysis, market and non-market valuation of impacts, discounting, and its ethical implications for inter-generational equity
·         stock pollutants: the atmosphere as a limited disposal space for greenhouse gases
·         macroeconomic modeling approaches to assess the costs of climate stabilization
·         concepts of social welfare
·         the interrelation between climate change and economic development and growth
·         theories of economic growth, such as the Solow and Ramsey growth models
·         Hotellig’s rule for optimal resource extraction
·         mitigation options in different sectors, including land and bioenergy, cities and transport, power generation and variable renewables

Spring 2017
Technische Universität Berlin
End date of the whole course: 
Monday, July 17, 2017 - 4:00pm