Course Modules

Course Introduction

Course Introduction Course Introduction

Context Module Sub Header

Session 1: (Th) Aug. 22 - Course Introduction 1

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Context Module Sub Header

No advance reading 2

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Context Module Sub Header

In-class resources 3

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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) Aug. 26 - 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

lti-quiz 291973 1

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Context Module Sub Header

Session 3: (W) Aug. 28 - 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

context_module_sub_header 291975 0

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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) Aug. 29 - Climate Risk Mitigation 22

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Context Module Sub Header

Advance reading 23

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Attachment

The 4 Mercer scenarios (please look at these closely) The 4 Mercer scenarios (please look at these closely) 24

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Attachment

Mercer report on climate risk mitigation (please skim pp. 34-78) Mercer report on climate risk mitigation (please skim pp. 34-78) 25

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Attachment

OPTIONAL additional reading: Andersson et al., "Hedging Climate Risk" OPTIONAL additional reading: Andersson et al., "Hedging Climate Risk" 26

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Context Module Sub Header

In-class resources 27

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Attachment

The World Economic Forum's 2021 Global Risks Report The World Economic Forum's 2021 Global Risks Report 28

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Attachment

Today's slides Today's slides 29

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Context Module Sub Header

Session 5: (M) Sept. 2 - Environmental Valuation 30

context_module_sub_header 291978 0

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Context Module Sub Header

Guest Lecture by environmental valuation expert Dr. Ole Bonnichsen 31

context_module_sub_header 291979 0

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Context Module Sub Header

No advance reading 32

context_module_sub_header 291980 0

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Context Module Sub Header

Homework assignment due at 4:15 PM on (Th) Sept. 5 34

context_module_sub_header 291990 0

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Discussion Topic

Exercise 2 (in-class): Dry cleaning, perc pollution, and cancer Exercise 2 (in-class): Dry cleaning, perc pollution, and cancer 0 35

discussion_topic 291991 1

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Context Module Sub Header

Session 6: (Th) Sept. 5 - GBR Debate 36

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Context Module Sub Header

No advance reading 37

context_module_sub_header 291993 0

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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

context_module_sub_header 291995 0

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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 7: (M) Sept. 16 - Cost-Benefit Analysis 3

context_module_sub_header 291997 0

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Context Module Sub Header

Advance reading and prerecorded lecture 4

context_module_sub_header 291998 0

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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

external_url 292003 0

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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 0 10

discussion_topic 292004 1

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Context Module Sub Header

Session 8: (Th) Sept. 19 - MAC and MD Curves 12

context_module_sub_header 292006 0

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Context Module Sub Header

Advance reading and prerecorded lecture 13

context_module_sub_header 292007 0

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Attachment

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

attachment 292008 0

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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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Context Module Sub Header

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

lti-quiz 292012 1

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Context Module Sub Header

Homework assignment due at 4:15 PM on (M) Sept. 23 19

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New Quiz

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

lti-quiz 292014 1

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Context Module Sub Header

Session 9: (M) Sept. 23 - 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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Context Module Sub Header

In-class resources 24

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Attachment

Today's slides Today's slides 25

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Discussion Topic

Exercise 6 (in-class): Aggregating MAC curves Exercise 6 (in-class): Aggregating MAC curves 0 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 10: (Th) Sept. 26 - The Equimarginal Principle 28

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Context Module Sub Header

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 0 33

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Attachment

Today's slides Today's slides 34

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Context Module Sub Header

Session 11: (M) Sept. 30 - The Acid Rain Prevention Game 35

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Context Module Sub Header

No advance reading 36

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Context Module Sub Header

In-class resources 37

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Attachment

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

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Context Module Sub Header

Session 12: (M) Oct. 14 - ONLINE Midterm Prep Workshop 40

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Context Module Sub Header

No advance reading 41

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Context Module Sub Header

In-class resources 42

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Attachment

The Acid Rain Program: A Retrospective Look The Acid Rain Program: A Retrospective Look 43

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Context Module Sub Header

Session 13: (W) Oct. 16 - 1 to 5 PM: Field Study (TBC) 44

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Context Module Sub Header

Meet at 1:15 PM on the platform for Tracks 11 and 12 (near the escalators) at Copenhagen Central Station 45

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Context Module Sub Header

Session 14: (Th) Oct. 17 - HYBRID In-Class Midterm 46

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Context Module Sub Header

No advance reading 47

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Attachment

Your Midterm Review Slides Your Midterm Review Slides 48

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New Quiz

Environmental Economics Midterm Environmental Economics Midterm 100 49

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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 (W) April 13) 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 15: (M) Oct. 21 - Voluntary Agreements and CSR 7

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Context Module Sub Header

Advance reading 8

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Attachment

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

Steve Howard's IKEA sustainability TED talk Steve Howard's IKEA sustainability TED talk 12

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Attachment

Handout: Coase on Coase Handout: Coase on Coase 13

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Page

Our EU-27 Green Tax Wiki Our EU-27 Green Tax Wiki 14

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External Url

IEEP: 40 new case studies on environmental fiscal reform IEEP: 40 new case studies on environmental fiscal reform 15

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Context Module Sub Header

NB: Sequence of class sessions resumes under Module 4 16

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Context Module Sub Header

Session 18: (M) Nov. 11 - Coase vs. Pigou 17

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Context Module Sub Header

Advance readings and prerecorded lecture 18

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Attachment

Harris's overview of Coase vs. Pigou Harris's overview of Coase vs. Pigou 19

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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 20

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Page

Prerecorded lecture on Pigovian Taxation and the Double-Dividend Hypothesis Prerecorded lecture on Pigovian Taxation and the Double-Dividend Hypothesis 21

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Context Module Sub Header

In-class exercise 22

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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 23

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Context Module Sub Header

Session 19: (Th) Nov. 14 - The Coase Theorem 24

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Context Module Sub Header

Advance readings 25

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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 26

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External Url

Cassidy, "Coase and the Misuse of Economics" Cassidy, "Coase and the Misuse of Economics" 27

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External Url

Surowiecki, "Climate Trades" Surowiecki, "Climate Trades" 28

external_url 292071 0

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Context Module Sub Header

In-class exercise 30

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New Quiz

Exercise 9 (in-class): The Coase Theorem Exercise 9 (in-class): The Coase Theorem 100 31

lti-quiz 292074 1

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Context Module Sub Header

Reminder: Green Tax Wiki assignment due (F) Nov. 3 32

context_module_sub_header 292075 0

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Assignment

EU-27 Green Tax Wiki assignment EU-27 Green Tax Wiki assignment 100 33

assignment 292076 1

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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

external_url 292078 0

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Attachment

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

attachment 292079 0

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External Url

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

external_url 292080 0

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External Url

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

external_url 292081 0

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Context Module Sub Header

Session 16: (M) Oct. 28 - History of the Paris Agreement 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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Attachment

Carbon Action Tracker's COP28 briefing Carbon Action Tracker's COP28 briefing 9

attachment 292085 0

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Context Module Sub Header

In-class resources 10

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External Url

The UNFCCC's NDC Registry The UNFCCC's NDC Registry 12

external_url 292091 0

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Attachment

IPCC 1.5° Report - Summary for Policymakers IPCC 1.5° Report - Summary for Policymakers 13

attachment 292092 0

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Context Module Sub Header

Session 17: (Th) Oct. 31 - Preview of COP29 in Baku, the Enhanced Transparency Framework ... and the US Election 14

context_module_sub_header 292088 0

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Context Module Sub Header

NB: Sequence of class sessions resumes under Module 3 20

context_module_sub_header 292417 0

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Context Module Sub Header

Session 20: (M) Nov. 18 - Managing Shared Resources 21

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Context Module Sub Header

Advance readings and prerecorded lecture 22

context_module_sub_header 292097 0

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Attachment

Harris, "Common-Property Resources and Public Goods" Harris, "Common-Property Resources and Public Goods" 23

attachment 292098 0

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Attachment

Harris, "Policies for Sustainable Fisheries Management" Harris, "Policies for Sustainable Fisheries Management" 24

attachment 292099 0

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Page

Prerecorded lecture on the Tragedy of the Commons Prerecorded lecture on the Tragedy of the Commons 25

wiki_page 292100 0

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Context Module Sub Header

In-class resources 26

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Attachment

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

attachment 292102 0

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Context Module Sub Header

Session 21: (Th) Nov. 21 - BTR Workshop; Facing and Discounting the Future 28

context_module_sub_header 292103 0

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Context Module Sub Header

Advance readings 29

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Attachment

Sunstein and Weisbach on discounting the future Sunstein and Weisbach on discounting the future 30

attachment 292105 0

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Attachment

Singer vs. Lomborg: WSJ debate on present vs. future needs Singer vs. Lomborg: WSJ debate on present vs. future needs 31

attachment 292106 0

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Attachment

OPTIONAL additional reading: Heal and Millner, "Agreeing to Disagree about Climate Policy" OPTIONAL additional reading: Heal and Millner, "Agreeing to Disagree about Climate Policy" 32

attachment 292107 0

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Context Module Sub Header

In-class resources 33

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External Tool

Ray Pierrehumbert, "How CO2 warms the climate" Ray Pierrehumbert, "How CO2 warms the climate" 34

context_external_tool 292109 0

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External Tool

Ray Pierrehumbert, "Humanity's Final Exam" Ray Pierrehumbert, "Humanity's Final Exam" 35

context_external_tool 292110 0

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External Tool

Lomborg's reply to Raymond Pierrehumbert Lomborg's reply to Raymond Pierrehumbert 36

context_external_tool 292111 0

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Context Module Sub Header

(M) Nov. 25: Session 22 - COP29 Roundup 37

context_module_sub_header 292112 0

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Context Module Sub Header

Individual Policy Assignment 38

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Assignment

Individual Policy Paper: The New UN-administered Global Carbon Market Individual Policy Paper: The New UN-administered Global Carbon Market 100 39

assignment 292114 1

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5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2054 - 2100

5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2054 - 2100 5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2054 - 2100

Context Module Sub Header

Centerpiece Text 1

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Attachment

2011 Copenhagen Adaptation Plan 2011 Copenhagen Adaptation Plan 2

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Context Module Sub Header

Session 23: (M) Dec. 2 - Sustainability Strategy: Theory and Practice 3

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Context Module Sub Header

Session 24: (Th) Dec. 5 - Preparatory Lecture: Sustainability Strategy and the Challenge of Climate-Proofing Copenhagen 20

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Context Module Sub Header

Today's slides 21

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Context Module Sub Header

Session 25: (M) Dec. 9 - Sustainability Strategy Workshop: Copenhagen 2050-2100 30

context_module_sub_header 292144 0

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Course Modules

Course Introduction

Session 1: (Th) Aug. 22 - Course Introduction 1

No advance reading 2

In-class resources 3

1. Saving the Great Barrier Reef

Ongoing Assignment 1

Centerpiece text & videos 3

Session 2: (M) Aug. 26 - Externalities 9

OPTIONAL prep/review material on supply and demand theory 10

Advance reading 13

In-class resources 15

Session 3: (W) Aug. 28 - 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) Aug. 29 - Climate Risk Mitigation 22

Advance reading 23

In-class resources 27

Session 5: (M) Sept. 2 - Environmental Valuation 30

Guest Lecture by environmental valuation expert Dr. Ole Bonnichsen 31

No advance reading 32

Homework assignment due at 4:15 PM on (Th) Sept. 5 34

Session 6: (Th) Sept. 5 - GBR Debate 36

No advance reading 37

2. Evaluating the Acid Rain Program

Centerpiece Text 1

Session 7: (M) Sept. 16 - Cost-Benefit Analysis 3

Advance reading and prerecorded lecture 4

In-class resources 8

Session 8: (Th) Sept. 19 - MAC and MD Curves 12

Advance reading and prerecorded lecture 13

In-class exercises 17

Homework assignment due at 4:15 PM on (M) Sept. 23 19

Session 9: (M) Sept. 23 - Command-and-Control Policies 21

Advance reading 22

In-class resources 24

Session 10: (Th) Sept. 26 - 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 11: (M) Sept. 30 - The Acid Rain Prevention Game 35

No advance reading 36

In-class resources 37

Session 12: (M) Oct. 14 - ONLINE Midterm Prep Workshop 40

No advance reading 41

In-class resources 42

Session 13: (W) Oct. 16 - 1 to 5 PM: Field Study (TBC) 44

Meet at 1:15 PM on the platform for Tracks 11 and 12 (near the escalators) at Copenhagen Central Station 45

Session 14: (Th) Oct. 17 - HYBRID In-Class Midterm 46

No advance reading 47

3. Green Taxes in Europe: Do They Work?

Centerpiece text and homework assignment (due on (W) April 13) 1

Session 15: (M) Oct. 21 - Voluntary Agreements and CSR 7

Advance reading 8

In-class resources 10

NB: Sequence of class sessions resumes under Module 4 16

Session 18: (M) Nov. 11 - Coase vs. Pigou 17

Advance readings and prerecorded lecture 18

In-class exercise 22

Session 19: (Th) Nov. 14 - The Coase Theorem 24

Advance readings 25

In-class exercise 30

Reminder: Green Tax Wiki assignment due (F) Nov. 3 32

4. Global Climate Policy: Is Paris Enough?

Centerpiece texts 1

Session 16: (M) Oct. 28 - History of the Paris Agreement 6

Advance readings 7

In-class resources 10

Session 17: (Th) Oct. 31 - Preview of COP29 in Baku, the Enhanced Transparency Framework ... and the US Election 14

NB: Sequence of class sessions resumes under Module 3 20

Session 20: (M) Nov. 18 - Managing Shared Resources 21

Advance readings and prerecorded lecture 22

In-class resources 26

Session 21: (Th) Nov. 21 - BTR Workshop; Facing and Discounting the Future 28

Advance readings 29

In-class resources 33

(M) Nov. 25: Session 22 - COP29 Roundup 37

Individual Policy Assignment 38

5. Using Environmental Economics for Sustainability Strategy: Copenhagen 2054 - 2100

Centerpiece Text 1