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| Semester | fall semester 2022 |
| Course frequency | Every fall sem. |
| Lecturers | Rebecca Lordan-Perret (rebecca.lordan-perret@unibas.ch, Assessor) |
| Content | In this course, we focus on economic approaches to assessing climate change from a social welfare perspective. We begin with an overview of the scientific basis of climate change and its fundamental connection to economics. We then investigate the current methods used to price the externalities caused by greenhouse gas emissions, including methods to estimate the value of non-market goods (e.g., biodiversity and health) toward the estimation of the social cost of carbon. We discuss the intrinsic ethical meanings and implications of economic modeling choices; the sensitivity of economic results to functional form, underlying assumptions, and uncertainty; and the importance of economic results in informing climate policies globally. |
| Learning objectives | In this course, we focus on economic approaches to assessing climate change from a cost-benefit perspective. We begin with an overview of the scientific basis of climate change and its fundamental connection to economics. We then investigate the current methods used to price the externalities caused by greenhouse gas emissions, including methods to estimate the value of non-market goods (e.g., biodiversity and health) toward the estimation of the social cost of carbon. We discuss the intrinsic ethical meanings and implications of economic modeling choices; the sensitivity of economic results to functional form, underlying assumptions, and uncertainty; and the importance of economic results in informing climate policies globally. |
| Bibliography | To be distributed in class. |
| Comments | Use of electronic devices not permitted during course time (this includes taking notes on tablets, laptops, etc). This course is designed to be interactive and discussion-based; electronic devices in this setting have little use and, in fact, typically hinder participation and attention. Please understand that no exceptions can be made for the sake of fairness. |
| Weblink | Weblink to ADAM |
| Admission requirements | Basic course in microeconomics assumed. Familiarity with econometric methods is beneficial. The number of participants will be limited to 24. The course will be taught in class without a livestream or recordings. Students of the Master in Business and Economics and Master in Business and Technology will be given priority for the enrollment. Students will be informed by September 19, 2022 if they are definitely admitted to the course or not. |
| Course application | The number of participants will be limited to 24. Students of the Master in Business and Economics and Master in Business and Technology will be given priority for the enrollment. Registration: Please enrol in your Online Services until Sept 18, 2022. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) before Sept 18, 2022. Enrolment = Registration for the exam! Students will be informed by September 19, 2022 if they are definitely admitted to the course or not. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Tuesday | 12.15-14.00 | Juristische Fakultät, Seminarraum S10 HG.45 |
| Modules |
Module: Core Competences in Economics (Master's Studies: Sustainable Development) Module: Electives (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) Module: Field Electives in Economics and Public Policy (Master's Studies: Economics and Public Policy) Module: Policy Field: Environment and Energy (Master's Studies: Economics and Public Policy) Module: Specific Electives in International Business, Trade and the Environment (Master's Studies: Business and Economics) Vertiefungsmodul Global Europe: Umwelt und Nachhaltigkeit (Master's Studies: European Global Studies) |
| Assessment format | record of achievement |
| Assessment details | The colloquium is composed of weekly readings to motivate our roundtable discussions/lectures of 1.5 hours, short reading reflections, and a group presentation. There is no exam. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |