Introduction to Climate Change Economics

Understand climate change through an economic lens

This course is designed as an elective for graduate students to introduce the science and economics of climate change. It aims to develop economic thinking and intuition applied to policy challenges associated with climate change. The course will examine the role of economics and policy to mitigate greenhouse gas emissions and adapt to climate change, assess the national and international policy design and issues with current implementation, and survey the economic tools needed to evaluate current and future climate change policies. Through the course, students will learn to evaluate the effectiveness of market-based policy solutions to reduce Greenhouse Gas emissions. The course also includes mitigation and adaptation policy applications in contemporary settings, with many examples embedded within the Indian context. They will also use the open-source statistical software R and globally gridded weather data to quantify the impacts of climate change on relevant economic outcomes and evaluate adaptation strategies to mitigate these impacts.