Course Modules

Course Introduction

Course Introduction Course Introduction

Context Module Sub Header

Session 1: (Th) Jan. 16 - Course Introduction 1

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Context Module Sub Header

No advance reading 2

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Attachment

Course Attendance Policy Course Attendance Policy 10

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Assignment

"Key Takeaways" Class Session Review Assignment "Key Takeaways" Class Session Review Assignment 100 11

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1. Saving the Great Barrier Reef

1. Saving the Great Barrier Reef 1. Saving the Great Barrier Reef

Context Module Sub Header

Ongoing Assignment 1

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Assignment

"Key Takeaways" Class Session Review Assignment "Key Takeaways" Class Session Review Assignment 100 2

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Context Module Sub Header

Centerpiece text & videos 3

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Attachment

Deloitte Access Economics (2017): Valuing the Great Barrier Reef Deloitte Access Economics (2017): Valuing the Great Barrier Reef 4

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External Tool

Video (Deloitte Access Economics, 2017): Intro to the Deloitte GBR report Video (Deloitte Access Economics, 2017): Intro to the Deloitte GBR report 5

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External Url

Video (VOX, 2017): How dead is the Great Barrier Reef? Video (VOX, 2017): How dead is the Great Barrier Reef? 6

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External Url

Video (France 24, 2019): Australia's Great Barrier Reef disappearing due to climate change Video (France 24, 2019): Australia's Great Barrier Reef disappearing due to climate change 7

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Page

Video (The Project, 2022): Australia's Great Barrier Reef Given $1 Billion But Can It Actually Be Saved? Video (The Project, 2022): Australia's Great Barrier Reef Given $1 Billion But Can It Actually Be Saved? 8

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Context Module Sub Header

Session 2: (M) Jan. 20 - Externalities 9

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Context Module Sub Header

OPTIONAL prep/review material on supply and demand theory 10

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Page

My video review of basic supply and demand theory (22 minutes) My video review of basic supply and demand theory (22 minutes) 11

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Attachment

Brief review of supply and demand theory in Harris (10 pages) Brief review of supply and demand theory in Harris (10 pages) 12

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Context Module Sub Header

Advance reading 13

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Attachment

Harris's introduction to externalities Harris's introduction to externalities 14

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Context Module Sub Header

In-class resources 15

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Attachment

Today's slides Today's slides 16

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New Quiz

Exercise 1 (in-class): External costs in car manufacturing Exercise 1 (in-class): External costs in car manufacturing 100 17

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Context Module Sub Header

Session 3: (W) Jan. 22 - Field Study to Ørestad with architect-engineer Regitze Hess 18

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Context Module Sub Header

Meet in front of McDonald's by Nørreport St. at 8:45 AM 19

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Context Module Sub Header

Advance reading (OK to skim) 20

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Attachment

Katz & Noring on the Copenhagen City & Port Development Corporation Katz & Noring on the Copenhagen City & Port Development Corporation 21

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Context Module Sub Header

Session 4: (Th) Jan. 23 - Environmental Valuation 23

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Attachment

Today's slides (available in advance!) Today's slides (available in advance!) 24

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Context Module Sub Header

Session 4: (M) Jan. 27 - Climate Risk Mitigation 25

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Context Module Sub Header

Advance reading 26

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Attachment

The 4 Mercer scenarios (please look at these closely) The 4 Mercer scenarios (please look at these closely) 27

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Attachment

2015 Mercer report on climate risk mitigation (please skim pp. 34-78) 2015 Mercer report on climate risk mitigation (please skim pp. 34-78) 28

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Context Module Sub Header

In-class resources and OPTIONAL additional readings 29

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Attachment

OPTIONAL additional reading: Andersson et al., "Hedging Climate Risk" OPTIONAL additional reading: Andersson et al., "Hedging Climate Risk" 30

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Attachment

OPTIONAL additional reading: Mercer's "Climate Change - The Sequel" (2019) OPTIONAL additional reading: Mercer's "Climate Change - The Sequel" (2019) 31

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Attachment

The World Economic Forum's 2021 Global Risks Report The World Economic Forum's 2021 Global Risks Report 32

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Attachment

Today's slides Today's slides 33

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Context Module Sub Header

No advance reading 35

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Context Module Sub Header

Session 6: (W) Jan 29 - OPTIONAL lecture on the EU's Critical Raw Materials Act 36

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Context Module Sub Header

Homework assignment due at 4 PM on (Th) Jan. 30 37

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Discussion Topic

Exercise 2 (homework): Dry cleaning, perc pollution, and cancer Exercise 2 (homework): Dry cleaning, perc pollution, and cancer 38

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Context Module Sub Header

Session 7: (Th) Jan. 30 - GBR Debate 39

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Context Module Sub Header

No advance reading 40

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Attachment

GBR Debate Prep Slides GBR Debate Prep Slides 41

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2. Evaluating the Acid Rain Program

2. Evaluating the Acid Rain Program 2. Evaluating the Acid Rain Program

Context Module Sub Header

Centerpiece Text 1

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Attachment

The Acid Rain Program: A Retrospective Look The Acid Rain Program: A Retrospective Look 2

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Context Module Sub Header

Session 8: (M) Feb. 10 - Cost-Benefit Analysis 3

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Context Module Sub Header

Advance reading and prerecorded lecture 4

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Attachment

Tietenberg and Lewis, Chapter 3, "Evaluating Trade-Offs" Tietenberg and Lewis, Chapter 3, "Evaluating Trade-Offs" 5

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Page

Prerecorded lecture on cost-benefit analysis Prerecorded lecture on cost-benefit analysis 6

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Attachment

Slides from my prerecorded lecture on cost-benefit analysis Slides from my prerecorded lecture on cost-benefit analysis 7

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Context Module Sub Header

In-class resources 8

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External Url

Video (Discovery): "Acid Rain Eating Washington, D.C." Video (Discovery): "Acid Rain Eating Washington, D.C." 9

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Discussion Topic

Exercise 3 (in-class): Fighting Dengue Fever in Yogyakarta, Indonesia Exercise 3 (in-class): Fighting Dengue Fever in Yogyakarta, Indonesia 10

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Context Module Sub Header

Session 9: (Th) Feb. 13 - MAC and MD Curves 12

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Context Module Sub Header

Advance reading and prerecorded lecture 13

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Attachment

Field, most of "The Economics of Environmental Quality" Field, most of "The Economics of Environmental Quality" 14

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Page

Prerecorded lecture on MAC & MD curves Prerecorded lecture on MAC & MD curves 15

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Attachment

Slides from my prerecorded lecture on MAC & MD curves Slides from my prerecorded lecture on MAC & MD curves 16

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In-class exercises 17

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New Quiz

Exercise 4 (in-class): Working with a Single-Firm MAC Curve Exercise 4 (in-class): Working with a Single-Firm MAC Curve 100 18

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Context Module Sub Header

Homework assignment due at 4 PM on (M) Feb. 17 19

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New Quiz

Exercise 5 (homework): Working with MD Curves Exercise 5 (homework): Working with MD Curves 100 20

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Context Module Sub Header

Session 10: (M) Feb. 17 - Command-and-Control Policies 21

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Context Module Sub Header

Advance reading 22

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Attachment

Field, "Command-and-Control Strategies" Field, "Command-and-Control Strategies" 23

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Attachment

Today's slides Today's slides 24

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Context Module Sub Header

In-class resources 25

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Discussion Topic

Exercise 6 (in-class): Aggregating MAC curves Exercise 6 (in-class): Aggregating MAC curves 26

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Attachment

Additional in-class exercise on command-and-control standards (we might not use this one) Additional in-class exercise on command-and-control standards (we might not use this one) 27

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Session 11: (Th) Feb. 20 - The Equimarginal Principle 28

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Advance reading 29

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Attachment

Field, end of "The Economics of Env. Quality" Field, end of "The Economics of Env. Quality" 30

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Context Module Sub Header

In addition, please look at pp. 5-8 and 23-25 of ARP Report (centerpiece text above) 31

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Context Module Sub Header

In-class resources 32

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Discussion Topic

Exercise 7 (in-class): Policy Choices with MAC & MD Curves Exercise 7 (in-class): Policy Choices with MAC & MD Curves 33

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Attachment

Today's slides Today's slides 34

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Context Module Sub Header

Session 12: (M) Feb. 24 - The Acid Rain Prevention Game 35

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No advance reading 36

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In-class resources 37

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Acid Rain Prevention Game - instructions Acid Rain Prevention Game - instructions 38

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Session 13: (Th) Feb. 27 - Lecture on Environmental Valuation Methods 40

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Session 14: (M) March 10 - ONLINE Midterm Prep Workshop 41

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Context Module Sub Header

No advance reading 42

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Context Module Sub Header

In-class resources 43

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Attachment

The Acid Rain Program: A Retrospective Look The Acid Rain Program: A Retrospective Look 44

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Session 15: (W) March 12 - Field Study to Helsingør 45

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Session 16: (Th) March 13 - ONLINE In-Class Midterm 47

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Context Module Sub Header

No advance reading 48

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New Quiz

Environmental Economics Midterm Environmental Economics Midterm 81 50

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Your Review Slides Your Review Slides 51

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3. Green Taxes in Europe: Do They Work?

3. Green Taxes in Europe: Do They Work? 3. Green Taxes in Europe: Do They Work?

Context Module Sub Header

Centerpiece text and homework assignment (due on (F) April 12) 1

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Attachment

EEA report on green taxes in the EU EEA report on green taxes in the EU 2

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Assignment

EU-27 Green Tax Wiki assignment EU-27 Green Tax Wiki assignment 100 3

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Context Module Sub Header

Session 17: (M) March 17 - Voluntary Agreements 4

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Advance reading 5

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Attachment

Croci, "The Economics of Environmental Voluntary Agreements" Croci, "The Economics of Environmental Voluntary Agreements" 6

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In-class resources 7

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Attachment

Today's slides Today's slides 8

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External Url

Steve Howard's IKEA sustainability TED talk Steve Howard's IKEA sustainability TED talk 9

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Session 18: (Th) March 20 - The Double-Dividend Hypothesis 10

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Prerecorded lecture and advance reading 11

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Prerecorded lecture on Pigovian Taxation and the Double-Dividend Hypothesis Prerecorded lecture on Pigovian Taxation and the Double-Dividend Hypothesis 12

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Harris's overview of Coase vs. Pigou Harris's overview of Coase vs. Pigou 13

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Field, "Incentive-Based Strategies: Emission Charges and Subsidies" Field, "Incentive-Based Strategies: Emission Charges and Subsidies" 14

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In-class exercise 15

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Discussion Topic

Exercise 8 (in-class): Using Pigovian Taxation to Internalize Externalities Exercise 8 (in-class): Using Pigovian Taxation to Internalize Externalities 0 16

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Session 19: (M) March 24 - The Coase Theorem 20

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Advance reading 21

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Attachment

Coase, "The Problem of Social Cost," secs. I to VII Coase, "The Problem of Social Cost," secs. I to VII 22

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In-class resources 23

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Handout: Coase on Coase Handout: Coase on Coase 24

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External Url

IEEP: 40 new case studies on environmental fiscal reform IEEP: 40 new case studies on environmental fiscal reform 25

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Page

Our EU-27 Green Tax Wiki Our EU-27 Green Tax Wiki 26

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OPTIONAL advance readings 27

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Attachment

Coase, "The Problem of Social Cost," secs. VIII to X Coase, "The Problem of Social Cost," secs. VIII to X 28

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External Url

Cassidy, "Coase and the Misuse of Economics" Cassidy, "Coase and the Misuse of Economics" 29

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External Url

Surowiecki, "Climate Trades" Surowiecki, "Climate Trades" 30

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Context Module Sub Header

In-class exercise 31

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New Quiz

Exercise 9 (in-class): The Coase Theorem Exercise 9 (in-class): The Coase Theorem 100 32

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Reminder: Green Tax Wiki assignment due (W) April 16 34

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Session 20: (Th) April 3 - Guest Lecture on Environmental Taxation 35

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Assignment

EU-27 Green Tax Wiki assignment EU-27 Green Tax Wiki assignment 100 36

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4. Global Climate Policy: Is Paris Enough?

4. Global Climate Policy: Is Paris Enough? 4. Global Climate Policy: Is Paris Enough?

Context Module Sub Header

Centerpiece texts 1

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External Url

David Leonhardt, "The Problem with Putting A Price on the End of the World" (NYT, April 9, 2019) David Leonhardt, "The Problem with Putting A Price on the End of the World" (NYT, April 9, 2019) 2

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Attachment

IPCC 1.5° Report - Summary for Policymakers IPCC 1.5° Report - Summary for Policymakers 3

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External Url

Bill McKibben, "Recalculating the Climate Math" Bill McKibben, "Recalculating the Climate Math" 4

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External Url

David Wallace-Wells, "The Uninhabitable Earth" David Wallace-Wells, "The Uninhabitable Earth" 5

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Session 19: (M) April 8 - Introduction to the Paris Agreement and to our final homework assignment 6

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Context Module Sub Header

Advance readings 7

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Attachment

Jackson's introduction to game theory Jackson's introduction to game theory 8

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Climate Action Tracker (December 2020), "Paris Agreement Turning Point" Climate Action Tracker (December 2020), "Paris Agreement Turning Point" 9

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Context Module Sub Header

In-class resources 10

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Attachment

Today's slides Today's slides 11

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External Url

Link to the AR6 Synthesis Report Link to the AR6 Synthesis Report 14

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External Url

The UNFCCC's NDC Registry The UNFCCC's NDC Registry 15

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IPCC 1.5° Report - Summary for Policymakers IPCC 1.5° Report - Summary for Policymakers 16

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UNEP 2021 Emissions Gap Report UNEP 2021 Emissions Gap Report 17

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External Url

CAT's Climate Target Update Tracker CAT's Climate Target Update Tracker 18

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Session 22: (Th) April 10 - Managing Shared Resources 20

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Advance readings and prerecorded lecture 21

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Attachment

Harris, "Common-Property Resources and Public Goods" Harris, "Common-Property Resources and Public Goods" 22

attachment 308997 0

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Attachment

Harris, "Policies for Sustainable Fisheries Management" Harris, "Policies for Sustainable Fisheries Management" 23

attachment 308998 0

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Context Module Sub Header

In-class resources 25

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Discussion Topic

Exercise 10 (in-class): Managing a Common Aquifer Exercise 10 (in-class): Managing a Common Aquifer 0 26

discussion_topic 309001 1

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Attachment

Lena Kitzing's analysis of Harris' fishery example Lena Kitzing's analysis of Harris' fishery example 27

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Context Module Sub Header

Individual Policy Assignment 39

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External Url

Link to the AR6 Synthesis Report Link to the AR6 Synthesis Report 41

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5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2050 - 2100

5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2050 - 2100 5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2050 - 2100

Context Module Sub Header

Centerpiece Text 1

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Attachment

2011 Copenhagen Adaptation Plan 2011 Copenhagen Adaptation Plan 2

attachment 309018 0

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Context Module Sub Header

Session 23: (Th) April 24 - Sustainability Strategy: Roundup Lecture with Dr. Glenn Frommer 3

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Context Module Sub Header

Today's slides 4

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Attachment

Glenn's slides Glenn's slides 5

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Context Module Sub Header

Session 24: (M) April 28 - Sustainability Strategy Simulation: Workshop 6

context_module_sub_header 309019 0

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Context Module Sub Header

Today's slides 7

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Attachment

Today's slides Today's slides 8

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Context Module Sub Header

Session 24: (Th) May 1 - Sustainability Strategy Simulation: Copenhagen 2053-2100 9

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Course Modules

Course Introduction

Session 1: (Th) Jan. 16 - Course Introduction 1

No advance reading 2

1. Saving the Great Barrier Reef

Ongoing Assignment 1

Centerpiece text & videos 3

Session 2: (M) Jan. 20 - Externalities 9

OPTIONAL prep/review material on supply and demand theory 10

Advance reading 13

In-class resources 15

Session 3: (W) Jan. 22 - Field Study to Ørestad with architect-engineer Regitze Hess 18

Meet in front of McDonald's by Nørreport St. at 8:45 AM 19

Advance reading (OK to skim) 20

Session 4: (Th) Jan. 23 - Environmental Valuation 23

Session 4: (M) Jan. 27 - Climate Risk Mitigation 25

Advance reading 26

In-class resources and OPTIONAL additional readings 29

No advance reading 35

Session 6: (W) Jan 29 - OPTIONAL lecture on the EU's Critical Raw Materials Act 36

Homework assignment due at 4 PM on (Th) Jan. 30 37

Session 7: (Th) Jan. 30 - GBR Debate 39

No advance reading 40

2. Evaluating the Acid Rain Program

Centerpiece Text 1

Session 8: (M) Feb. 10 - Cost-Benefit Analysis 3

Advance reading and prerecorded lecture 4

In-class resources 8

Session 9: (Th) Feb. 13 - MAC and MD Curves 12

Advance reading and prerecorded lecture 13

In-class exercises 17

Homework assignment due at 4 PM on (M) Feb. 17 19

Session 10: (M) Feb. 17 - Command-and-Control Policies 21

Advance reading 22

In-class resources 25

Session 11: (Th) Feb. 20 - The Equimarginal Principle 28

Advance reading 29

In addition, please look at pp. 5-8 and 23-25 of ARP Report (centerpiece text above) 31

In-class resources 32

Session 12: (M) Feb. 24 - The Acid Rain Prevention Game 35

No advance reading 36

In-class resources 37

Session 13: (Th) Feb. 27 - Lecture on Environmental Valuation Methods 40

Session 14: (M) March 10 - ONLINE Midterm Prep Workshop 41

No advance reading 42

In-class resources 43

Session 15: (W) March 12 - Field Study to Helsingør 45

Session 16: (Th) March 13 - ONLINE In-Class Midterm 47

No advance reading 48

3. Green Taxes in Europe: Do They Work?

Centerpiece text and homework assignment (due on (F) April 12) 1

Session 17: (M) March 17 - Voluntary Agreements 4

Advance reading 5

In-class resources 7

Session 18: (Th) March 20 - The Double-Dividend Hypothesis 10

Prerecorded lecture and advance reading 11

In-class exercise 15

Session 19: (M) March 24 - The Coase Theorem 20

Advance reading 21

In-class resources 23

OPTIONAL advance readings 27

In-class exercise 31

Reminder: Green Tax Wiki assignment due (W) April 16 34

Session 20: (Th) April 3 - Guest Lecture on Environmental Taxation 35

4. Global Climate Policy: Is Paris Enough?

Centerpiece texts 1

Session 19: (M) April 8 - Introduction to the Paris Agreement and to our final homework assignment 6

Advance readings 7

In-class resources 10

Session 22: (Th) April 10 - Managing Shared Resources 20

Advance readings and prerecorded lecture 21

In-class resources 25

Individual Policy Assignment 39

5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2050 - 2100

Centerpiece Text 1

Session 23: (Th) April 24 - Sustainability Strategy: Roundup Lecture with Dr. Glenn Frommer 3

Today's slides 4

Session 24: (M) April 28 - Sustainability Strategy Simulation: Workshop 6

Today's slides 7

Session 24: (Th) May 1 - Sustainability Strategy Simulation: Copenhagen 2053-2100 9