Climate Change Economics



Here are all the slidesets for the entire course, revised up to today:

Slide set 9

Slide set 8

Slide set 7

Slide set 6

Slide set 5

Slide set 4

Slide set 3

Slide set 2

Slide set 1


The next set of readings from Climate Casino are Chapters 20, 21.


For 4% extra credit. Go to the World Bank Carbon Pricing Dashboard

Pick a country that has either a tax or ETS system. Write down: (a) the country; (b) when the system was implemented; (c) how much GHG is covered; (d) what is the amount of the tax or number of permits; (e) what is the expected reduction in GHG. Hand in your written answer before December 12 for extra credit.


Here is a sample final exam. Try to answer the questions. I will post the answers in a few weeks. We will go through the answers in the last week of class.


The midterms are over. Your score is the best of the two midterms.

Class participation is over.

There are two extra credits: drawdown (see below) and policy option (information next week). 

Next up is the final exam. There are two dates for the final exam: Dec. 13 at 11am and Dec. 17 at 11am. You can choose which one to attend.  Details on the final exam will follow soon.

Final scores. All scores for all assignments are posted on blackboard.


Relevant readings from Climate Casino are Chapter 16 (discounting), Chapter 18 (economic metric), and chapters 13-15 (solutions). 


For 4% extra credit, pick a climate change solution from

Pick the ranked solution that matches the last two digits of student id. So, if your student id ends 21, pick the solution ranked number 21. 

For that solution, you should: describe it; tell us how much it costs; is it feasible or scaleable; and how much carbon will it reduce.

From classes starting on Thursday November 7, we will do about 4 solutions per class.


If you are in class and answering the questions, you are collecting class participation credits. 

Here is a chance to earn extra credit: if you take the second midterm exam and score more than 30%, you will get 4% extra credit. 


There is a sample midterm test on blackboard. Try it; it will help you prepare for the actual midterm.


We are going to have another midterm! This new midterm will be Tuesday November 5. 

This midterm will be the same format as the first midterm. 50 questions posted on blackboard (so no class that day). The topics will be from slide sets 3-5. Sample questions will be posted soon.  

Your best score from the two midterms will count as your midterm score.


We are still going through slide set 3: the economic consequences of climate change.

We should finish that on 10/15 and 10/17. We will be working through the slides - especially the economic-dose-response-GDP box diagram. You should also read through chapters 9, 10, 11 and 12 in Climate Casino (there is not much economics in those chapters).



The midterm is over! The answers to each question should now be available on blackboard.

The average score was 75%. Scores above 75% are in B+ and higher territory. Scores below 75% are in B and below territory. There is a curve at the end of the course. And there are plenty of ways to improve your grade -- class participation and the final exam (we might even have another midterm).


Let's move on.

Here is the reading for when we return... on October 10! It is not easy, so we will go through it together.

Collected here are all the slides for the course so far. We are still on slide set 3; this is the biggest part of the course.

By now, you should have read through Chapters 1-8 of Climate Casino.


Here is the example for Harberger triangles.


As a QC student, you can get a free digital subscription to the New York Times here.


Here is the syllabus.