| Timing |
First or second year of Master studies
Period IV. Even years.
|
| Learning outcomes |
Once completing the course, students understand how climate change is linked to human decisions and the incentives provided by the market. They are able to analyze roles of energy production, land-use, land change and forestry. They know how to assess and use economic instruments to mitigate climate change. They know how to apply economic principles to promote adaptation to the inevitable increase in the mean global temperature. |
| Completion methods |
- The course be offered in the form of contact teaching
- Methods of completion: Essays based on articles presented during lectures. Attendance at lectures is not compulsory, but recommended. |
| Prerequisites |
AGERE-001 Introduction to the Master program in Agricultural, Environmental and resource economics
AGERE-E01 Environmental Economics I: Theory
AGERE-E01 Environmental Economics I: Mechanisms
|
| Recommended optional studies |
AGERE-E03 Climate and Energy, AGERE-E04 Advanced Natural Resource Economics
|
| Contents |
The course provides a comprehensive economic approach to climate change: its origins, links to climate science, tasks of mitigation and adaptation, and economic instruments needed for both goals. The course places much emphasis on international climate agreement and international instruments to implement it. European union emissions trading scheme, separate policy towards land-use and effort sharing sectors are analyzed separately. Discussion on instrumented targeting emissions is complemented by an analysis of instruments promoting production of clean energy. The rest of the course is devoted to adaptation policies. Economic principles concerning tasks left to private agents and the society, respectively, are examined and so are the instruments promoting adaptation. |
| Study materials and literature |
- The Economics of Climate Change. Stern review
- Nordaus W. 2013. The climate casino: Risk, uncertainty, and economics for a warming world. Yale University Press, New Haven, CT. |
| Activities and teaching methods in support of learning |
Student activities: group works and presentations and final exam. |
| Assessment practices and criteria |
Performance of group work and quality of presentation is taken in account when the grade is given primarily based on the final exam. |
| Completion |
|
| Relations to other study units |
Replaces the former course 863072 YLE22.2 Ilmastonmuutos, energia ja ympäristö 5 cr. |
| Responsible person |
Professor Markku Ollikainen |
