101172-HS2026-0-Climate Economics: Scientific and Economic Foundations





Root number 101172
Semester HS2026
Type of course Lecture
Allocation to subject Economics
Type of exam Written exam
Title Climate Economics: Scientific and Economic Foundations
Description *** IMPORTANT ***
For the most updated administrative course information (date changes, room changes etc) please always refer to the KSL page only and not to the Info page in ILIAS – the ILIAS infopage will not be updated!



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: written exam (closed book) in English

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

Lecture: Tuesday, 12.15-14.00hrs, tba
Exercises: Wednesdays, 08.15.-10.00hrs, bi-weekly. tba
Assistant: Nicolas Häne (nicolas.haene@unibe.ch)

1st exam: Tuesday, December 15, 2026, 12.15 - 13.45 h, tba
2nd exam: Tuesday, February 16, 2027, 12.15- 13.45 h, tba
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
Wednesday 08:15-10:00 Fortnightly
Wednesday 2/12/2026 08:15-10:00
Tuesday 16/2/2027 12:15-13:45
 
Rooms
 
Students please consult the detailed view for complete information on dates, rooms and planned podcasts.