EGMP028 - Economics of Climate Change





Credit value


Module Co-ordinator




Contact hours

15 lectures + 5 tutorials (20 contact hours)


40% essay

40% class test

20% class presentation


  • To introduce the main economic arguments that help explain why human-induced climate change has arisen.
  • To understand the estimation of damage costs from climate change.
  • To introduce the evaluation of climate change mitigation options.
  • To present problems of international cooperation on climate change policy.
  • To introduce distributional implications of climate change and climate change policy.

Learning outcomes

Knowledge and understanding of:

  • Mitigation methods in greenhouse gas policy.
  • Policy instruments.
  • Damage cost estimation of greenhouse gas emissions.
  • International agreements.
  • Public preferences towards climate policy.
  • How to critically read scientific papers.

Introductory reading

Owen, A, & Hanley, N (2004), The Economics of Climate Change, Routledge.

Helm, D, & Hepburn, C (2009), The Economics and Politics of Climate Change, Oxford University Press.

This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.

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