Economics 40534 – Spring 2023
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Some Useful and Interesting Climate Websites
US Environmental Protectation Agency
NASA
NOAA (National Oceanic and Atmospheric Administration)
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Course Schedule
Week 1. The Science of Climate Change and Emission Scenerios
January 17-19
Read: Tol, chapters 1 and 2
WW chapter 1, 5 and 6
Pope Francis encyclical (optional) (full text here)
Slides: Slide Deck 01
Week 2. Empirical Evidence on Economic Damages
January 24 (quiz 1)
January 26 (problem set 1).
Read: Tol chapter 5.1
Tol chapter 6
Heal and Park. “Temperature Stress and Direct impact of Climate Change”.
Slides: Slide Deck 03
Problem set 1: Excel File for PS01 and Problem Set 1
Week 3. Empirical evidence (continued)
January 31 (quiz 2)
Read (look over introduction, data, main results):
Cook, Nikolai and Anthony Heyes, “Brain freeze: outdoor cold and indoor cognitive performance”.
Somanathan, et al. (2021) “The Impact of Temperature on Productivity and Labor Supply: Evidence from Indian Manufacturing”
Cachon, Gerald P., Santiago Gallino, and Marcelo Olivares, “Severe Weather and Automobile Assembly Productivity”
New York Times article on Climate Start-Ups
Slides: Slide Deck 04
For Thursday:
Read: Carleton and Hsiang. “Social and Economic Impacts of Climate”.
Hsiang and many coauthors. “Estimating Economic Damage from Climate Change in the United States.”
Slides: Slide Deck 05
Week 4: Indirect Evidence on Economic Damages
February 7 (quiz 3) on Dell, Jones and Olken
Read: Dell, Jones, and Olken, “Temperature Shocks and Economic Growth.”
Slides: Slide Deck 06
February 9
Read: Berg, Curtis, and Mark, “GDP and Temperature”.
Problem set 2: Hard copy here
Week 5: Policy Instruments
February 14 (quiz 4).
Read: Tol chapter 4.1-4.4 for Tuesday. Quiz will cover this part. Read for basic ideas, not details. Also pay attention to the Boxes.
Slides: Slide Deck 07
Week 6: Policy Instruments (continued)
February 21 NO QUIZ
Read Tol chapter 4.7-4.10
February 23
Read Tol Chapter 9.1-9.3 and Chapter 10.2
Problem Set 3. Due Tuesday 2/28/2023 in class.
Week 7: Uncertainty in Climate Change Economics
February 28: Slide Deck 09
Week 8: Review for midterm and midterm.
Week 9: Thursday March 23. Uncertainty (continued) Notes on uncertainty
Week 10: Tuesday March 28 Uncertainty (continued).
Thursday March 30: Uncertainty: The Dismal Theorem
Week 11: Tuesday April 4: Overview of Tol’s Integrated Assessment Model (MLIAM)
Thursday April 6: We start building the model. Bring your laptop to class.
Excel worksheet: MLIAM01_Class.xlsx
Week 12: Tuesday April 11: Excel worksheet: MLIAM02_Class.xlsx
Week 13: Tuesday April 18: Excel worksheets: MLIAM03_Class.xlsx, MLIAM04_Class.xlsx and some notes: Notes MLIAM02-04
Thursday April 20: Use this Excel worksheet: MLIAM05.xlsx to do Problem Set 6