Welcome to the course Economic Instruments of Climate Policy. The key question we would like to look into this module is "How to tackle climate change?"
This module aims to give students a possibilitiy to evaluate climate policy instruments from an economic perspective, including aspects of the political economy.
The module covers core topics of climate economics with a focus on economic policy instruments. Key topics include:
• Foundations of welfare economics and economic evaluation of public policies
• Market failures, externalities and climate policy interventions
• Economic instruments for climate policy, in particular carbon taxes and emissions trading
• Comparison of market-based instruments and regulatory approaches
• Political economy aspects of climate policy
• Distributional effects, public acceptance and implementation challenges
• International Climate Policy Architecture
• Fundamentals of Game Theory
• Models of the science policy interface
The module will be blocked between March 19 and March 24.
The module examination consists of a written exam (90 minutes). It will take place April 17 (9am - 10.30am, room H.001). In the exam, students demonstrate that they can apply basic economic approaches to the evaluation of climate policy instruments and explain their mode of operation in a comprehensible manner. They show that they can identify political decision-making processes and key interests and assess key challenges such as distributional effects or implementation problems in a well-founded manner. In addition, the exam assesses whether students can take fundamental strategic considerations and international framework conditions into account and evaluate political measures in the context of real climate policy in a reflective manner.
• Foundations of welfare economics and economic evaluation of public policies
• Market failures, externalities and climate policy interventions
• Economic instruments for climate policy, in particular carbon taxes and emissions trading
• Comparison of market-based instruments and regulatory approaches
• Political economy aspects of climate policy
• Distributional effects, public acceptance and implementation challenges
• International Climate Policy Architecture
• Fundamentals of Game Theory
• Models of the science policy interface
The module will be blocked between March 19 and March 24.
The module examination consists of a written exam (90 minutes). It will take place April 17 (9am - 10.30am, room H.001). In the exam, students demonstrate that they can apply basic economic approaches to the evaluation of climate policy instruments and explain their mode of operation in a comprehensible manner. They show that they can identify political decision-making processes and key interests and assess key challenges such as distributional effects or implementation problems in a well-founded manner. In addition, the exam assesses whether students can take fundamental strategic considerations and international framework conditions into account and evaluate political measures in the context of real climate policy in a reflective manner.
- Dozent: Jan Steckel