GECO
6050

Economics of Climate Change

New School for Social Research: Economics

Liberal Arts
Undergraduate Course
Graduate Course
Degree Students (with Restrictions)
Econ of Climate Change
Spring 2025
Taught By: Willi Semmler
Section: A

CRN: 15714

Credits: 3

The economics of climate change has recently become an important topic both in academia and in public policy debates. The Intergovernmental Panel on Climate change (IPPC) and multilateral institutions (IMF, WB, and ILO) have undertaken extensive work on the causes and effects of climate change. The economics of climate change is related to environmental, resource economics and macroeconomic policies. We start with the theory of externalities in economics and focus on the causes of climate change, the latest research on climate change, and the mitigation and adaptation policies proposed to combat climate change, such as cap & trade, carbon tax, and green bonds, as well as on the distributional impacts of those policies. We also will study new technologies that may help to mitigate climate change. In this context, an important topic will be the transition to renewable energy. We will study the transition from fossil fuel to an economy based on renewable energy. Further important issues are the financing of climate policies, the frequency and severity of climate disasters, and the current proposal of the Green New Deal. International climate negotiation and treaties will also be discussed as well as the impact of climate change policies on employment and green jobs. Prerequisites: Basics of micro and macroeconomics. Some part of the class can be offered/ taught online, at the beginning of the term, and then the other part of the term, the teaching will be in-person, on campus.

College: New School for Social Research (GF)

Department: Economics (ECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Modality: In-Person

Max Enrollment: 15

Repeat Limit: 2

Add/Drop Deadline: February 3, 2025 (Monday)

Online Withdrawal Deadline: April 15, 2025 (Tuesday)

Seats Available: Yes

Status: Open*

* Status information is updated every few minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 6:44am EST 11/18/2024

Meeting Info:
Days: Thursday
Times: 4:00pm - 5:50pm
Building: 6 East 16th Street
Room: 1106
Date Range: 1/20/2025 - 5/14/2025