Climate and Resource Economics (Bachelor)

Climate and Resource Economics (Bachelor)

1            Module Name Climate and Resource Economics ECTS
2            Lectures and Tutorials Lecture & Exercise: Climate and Resource Economics (2 + 1 SWS) 5 ECTS
3            Lecturers Prof. Dr. Liebensteiner  
4            Module Coordinator Prof. Dr. Liebensteiner
5            Content This module provides an introduction to the key aspects of climate and resource economics, often with a strong focus on energy markets. The course builds on microeconomic foundations to address central topics regarding climate policy, greenhouse gas emissions, as well as renewable and fossil resources. The course is largely structured around a normative theoretical approach (what would be optimal?), but also offers a positive empirical overview (what is the status quo?). An understanding of the key aspects of climate and resource economics is crucial, for instance, for the analysis and further development of climate policy measures.
6            Learning Objectives and Competencies Students will be able to:
  • identify and analyze the key issues of climate and resource economics.
  • understand the advantages and disadvantages of various climate policy measures. understand the specific characteristics of emission abatement (costs, benefits, individual cost curves, etc.) and their influence on policy decisions.
  • understand how resource prices and extraction paths can be represented in energy markets and the implications these have for environmental policy.
  • recognize problems that are not immediately obvious (e.g., the Green Paradox; adverse effects of direct government market interventions, such as guaranteed feed-in tariffs for renewable energies).
7            Recommended Prerequisites for Participation Basic knowledge of Microeconomics
8            Integration into the Model Study Plan 4. Semester
9            Applicability of the Module

  • Module in the study area “Sustainability Management”

  • Module in the study area “Economic Theory”

  • Module in the study area “Economic Policy”

  • Module in the specialization area
10          Study and Examination Achievements Written examination (90 Min.)
11          Calculation of Module Grade Written examination (100%)
12          Frequency of Offer Every summer semester
13          Workload Contact hours: 45 h Self-Study: 105 h
14          Duration of the Module 1 Semester
15          Language of Instruction and Examination German
16          (Preparatory) Literature  Perman, Ma, McGilvray, Common. Natural Resource and Environmental Economics. 3. Ed. Pearson Education, Cambridge. (any edition is acceptable).

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