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Lehrende: Prof. Dr. Hermann Held
Veranstaltungsart:
Interaktive Lehrveranstaltung
Anzeige im Stundenplan:
Semesterwochenstunden:
3
Credits:
6,0
Unterrichtssprache:
Englisch
Min. | Max. Teilnehmerzahl:
- | 45
Kommentare/ Inhalte:
The lecture delivers an introduction to the coupled energy-climate problem. It focusses on the economics of transforming our energy system, given climate targets. Hereby the lecture is designed for Master of Economics students who would not have some university training on natural science at their disposal. Hence the lecture will also introduce climate dynamics in a condensed way such that it can be utilized for integrated assessment, together with energy economics.
Lernziel:
At the conclusion of the course the students will have the knowledge and the analytical skills to closer examine specialized future climate economical problems. In particular the students will have acquainted the fundamental concepts of modelling for climate dynamics as well as (constrained) welfare optimization for climate economics. In order to achieve this, the students will need to work through the slides in the aftermath of each lecture and also to deepen their insights with the literature indicated in the beginning of the course. Finally, students are given the chance to further test their level of understanding by giving a short presentation on a specialised subject.
Vorgehen:
This course will start by a webinar which summarizes the previous lecture. It will then be followed by an interactive Zoom lecture.
The first set of slides will define the assessment scheme in detail. It complies an open-book written exam or e-substitute thereof, options for grade upgrades, and 4 iterations of homework to be admitted for the exam.
Outline
Overview on climate economics: cost benefit vs. cost effectiveness analysis; further dimensions of complexity of the climate problem
Climate Dynamics:
foundations from classical mechanics; definition of climate; qualitative discussion of atmospheric circulation patterns; ocean, biosphere, cryosphere, Keeling curve; Greenhouse gas effect; Taylor-expansion climate model; budget approach
Energy economics:
Ramsey model & economic growth
Overview on integrated assessment modelling of the climate problem with an emphasize on climate economics
Macro-economics of carbon capture & storage
Literatur:
• IPCC-AR5-WGIII (2014). Available for free under http://www.ipcc.ch/report/ar5/wg3/
• R. Perman, Y. Ma, J. McGilvray and M. Common (2003), Natural Resource and Environmental Economics.
• Global Sustainability – A Nobel Cause, Schellnhuber, H. J., M. Molina, N. Stern, V. Huber and S. Kadner (eds.), Cambridge University Press, Cambridge, United Kingdom and New York, USA, ISBN-13:780521769341, 189-204 (2010). Available for free under http://www.nobel-cause.de/book/global-sustainability .
Zusätzliche Hinweise zu Prüfungen:
Assessment
The assessment of this course consists of
Assignment problems in terms of voluntary oral presentations through which the mark for the final exam can be upgraded.
Home exercises on average every second or third week
A final exam with all non-electronic media allowed in the last week of the lecture term in the lecture room. An option for a 2nd exam is foreseen for September/October.
TAKE-HOME EXAM:
Time to process the exam: 90 min
Time frame in which the exam can be completed: 105 min
First exam: 16 July 2021, 10:15 am-12:00 am
Second exam: 24 September 2021, 3:45 pm-5:30 pm
The examiner of your course will provide information about the hand out of examination tasks / assignments and their submission.
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