3438E. Climate Economics

Analysis of the interactive relationship between the economy and climate change. Use of principles and tools of economics to focus on the costs of changes in the severity and frequency of weather events, how these costs are influenced by markets and policies, and how costs and benefits are distributed across populations within the U.S and across the globe in the short and long terms. Examination of household, firm-level, national and international decision-making as influenced by climate change, taking into account uncertainty, diverging interests, external costs, and evaluation of models used to alternative scenarios.

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