101172-FS2023-0-Climate Economics: Scientific and Economic Foundations





Root number 101172
Semester FS2023
Type of course Lecture
Allocation to subject Economics
Type of exam not defined
Title Climate Economics: Scientific and Economic Foundations
Description In this course we first learn the fundamental scientific principles which drive the long-run consequences of climate change. Then we explore how to trade off the long-run costs of these consequences against the immediate costs of greenhouse gas abatement, in order to derive optimal global mitigation policies. To this end, we briefly review Nordhaus’ DICE model, the most prominent Integrated Assessment Model of climate change mitigation, and its connections to the neoclassical growth model. We then explore several shortcomings of the DICE model, namely the absence of non-market damages, its negligence of the intergenerational nature of climate change mitigation and its disregard for the high uncertainty of the damages of climate change, and discuss how incorporating these aspects impact on the optimal mitigation policy.

Relevance to "Sustainable Development":

The course stresses the intertemporal and long-run nature of climate change and climate change mitigation. Problems of intra- and intergenerational equity related to climate change are discussed.

Language: English
Credits: 3 SWS / 4.5 ECTS

Evaluation:

Take home exam will be published on ILIAS
submission deadline: Friday, 14.07.2023


This course can also be attended by master and PhD students of the Graduate School of Climate Sciences.

Lecture: Tuesday, 12.15 - 14.00h, 114, H4
exercises: with assistant Anna Schmid (anna.schmid@unibe.ch)
Tuesday, 10.15-12-00h, 114, H4
ILIAS-Link (Learning resource for course) No registration/deregistration in CTS (Admission in ILIAS possible). ILIAS
Link to another web site
Lecturers Prof. Dr. Ralph WinklerDepartment of Economics 
ECTS 4.5
Recognition as optional course possible Yes
Grading 1 to 6
 
Dates Tuesday 12:15-14:00 Weekly
Tuesday 10:15-12:00 Fortnightly
Tuesday 25/4/2023 10:15-12:00
Tuesday 9/5/2023 10:15-12:00
Tuesday 23/5/2023 10:15-12:00
Friday 14/7/2023 00:15-23:55
 
Rooms Hörraum 114, Hauptgebäude H4
 
Students please consult the detailed view for complete information on dates, rooms and planned podcasts.