{"id":21,"date":"2023-04-25T06:32:52","date_gmt":"2023-04-25T10:32:52","guid":{"rendered":"https:\/\/sites.nd.edu\/nmark\/?page_id=21"},"modified":"2023-04-25T07:11:05","modified_gmt":"2023-04-25T11:11:05","slug":"economics-of-climate-change","status":"publish","type":"page","link":"https:\/\/sites.nd.edu\/nmark\/courses\/economics-of-climate-change\/","title":{"rendered":"Economics of Climate Change"},"content":{"rendered":"\n<p>Economics 40534 &#8211; Spring 2023<\/p>\n\n\n\n<p>__________________________________________________________<\/p>\n\n\n\n<p><a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Syllabus_Undergrad_Spring_2023.docx\">Syllabus<\/a><\/p>\n\n\n\n<p>__________________________________________________________<\/p>\n\n\n\n<p><strong>Some Useful and Interesting Climate Websites<\/strong><\/p>\n\n\n\n<p><a href=\"http:\/\/berkeleyearth.org\/2018-temperatures\/\">Berkeley Earth<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.epa.gov\/ghgemissions\">US Environmental&nbsp;Protectation&nbsp;Agency<\/a><\/p>\n\n\n\n<p>NASA<\/p>\n\n\n\n<p><a href=\"https:\/\/www.noaa.gov\/\">NOAA (National Oceanic and Atmospheric Administration)<\/a><\/p>\n\n\n\n<p>__________________________________________________________<\/p>\n\n\n\n<p><strong>Course Schedule<\/strong><\/p>\n\n\n\n<p><strong>Week 1.<\/strong>&nbsp;The Science of Climate Change and Emission&nbsp;Scenerios<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;January 17-19<\/p>\n\n\n\n<p>Read:&nbsp;&nbsp;&nbsp;&nbsp;Tol, chapters 1 and 2<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WW chapter 1, 5 and 6<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pope Francis encyclical (optional)&nbsp;<a href=\"https:\/\/www.vatican.va\/content\/francesco\/en\/encyclicals\/documents\/papa-francesco_20150524_enciclica-laudato-si.html\">(full text here)<\/a><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Slides:&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_01.pdf\">Slide Deck 01<\/a><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_02.pdf\">Slide Deck 02<\/a><\/p>\n\n\n\n<p><strong>Week 2.<\/strong>&nbsp;Empirical Evidence on Economic Damages<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;January 24 (<strong>quiz 1<\/strong>)<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;January 26 (<strong>problem set 1<\/strong>).<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Read:&nbsp;&nbsp;&nbsp;&nbsp;Tol chapter 5.1<\/p>\n\n\n\n<p>Tol chapter 6<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/HealPark2016.pdf\">Heal and Park<\/a>. \u201cTemperature Stress and Direct impact of Climate Change\u201d.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Slides:&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_03.pdf\">Slide Deck 03<\/a><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Problem set 1:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/PS01.xlsx\">Excel File for PS01<\/a>&nbsp;and&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/PS01.pdf\">Problem Set 1<\/a><\/p>\n\n\n\n<p><strong>Week 3.&nbsp;<\/strong>Empirical evidence (continued)<\/p>\n\n\n\n<p>January 31 (<strong>quiz 2<\/strong>)<\/p>\n\n\n\n<p>Read (look over introduction, data, main results):<\/p>\n\n\n\n<p><a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Cook_Heys_BrainFreeze.pdf\">Cook, Nikolai and Anthony&nbsp;Heyes<\/a>, \u201cBrain freeze: outdoor cold and indoor cognitive performance\u201d.<\/p>\n\n\n\n<p><a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Temp_Indian_LaborSupply_JPE.pdf\">Somanathan, et al. (2021)<\/a>&nbsp;\u201cThe Impact of Temperature on Productivity and Labor Supply: Evidence from Indian Manufacturing\u201d<\/p>\n\n\n\n<p><a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/SSRN-id2099798.pdf\">Cachon, Gerald P., Santiago&nbsp;Gallino, and Marcelo Olivares<\/a>, \u201cSevere Weather and Automobile Assembly Productivity\u201d<\/p>\n\n\n\n<p>New York Times article on&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/%E2%80%98Recession%20Resilient%E2%80%99%20Climate%20Start-Ups%20Shine%20in%20Tech%20Downturn%20-%20The%20New%20York%20Times.pdf\">&nbsp;Climate Start-Ups<\/a><\/p>\n\n\n\n<p>Slides:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_04.pdf\">Slide Deck 04<\/a><\/p>\n\n\n\n<p>For Thursday:<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Read:&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Carleton_Hsiang.pdf\">Carleton and Hsiang<\/a>. \u201cSocial and Economic Impacts of Climate\u201d.<\/p>\n\n\n\n<p><a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/HsiangEtAlEstimatingDamage.pdf\">Hsiang and many coauthors<\/a>. \u201cEstimating Economic Damage from Climate Change in the United States.\u201d<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Slides:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_05.pdf\">Slide Deck 05<\/a><\/p>\n\n\n\n<p><strong>Week 4:&nbsp;<\/strong>Indirect Evidence on Economic Damages<\/p>\n\n\n\n<p>February 7 (<strong>quiz 3<\/strong>) on Dell, Jones and&nbsp;Olken<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Read:&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/DellJonesOiken.pdf\">Dell, Jones, and&nbsp;Olken<\/a>, \u201cTemperature Shocks and Economic Growth.\u201d<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Slides:&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_06.pdf\">Slide Deck 06<\/a><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 9<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Read:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/wrkpaper\/BCM_GDP_Temp_Draft03_01.pdf\">Berg, Curtis, and Mark<\/a>, \u201cGDP and Temperature\u201d.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Problem set 2:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/PS02.pdf\">Hard copy here<\/a><\/p>\n\n\n\n<p><strong>Week 5:&nbsp;<\/strong>Policy Instruments<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 14 (quiz 4).<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Slides:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_07.pdf\">Slide Deck 07<\/a><\/p>\n\n\n\n<p><strong>Week 6:&nbsp;<\/strong>Policy Instruments (continued)<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 21&nbsp;<strong>NO QUIZ<\/strong><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Read Tol chapter 4.7-4.10<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 23<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Read Tol Chapter 9.1-9.3 and Chapter 10.2<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck08.pdf\">Slide Deck 08<\/a><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/PS03.pdf\">Problem Set 3.<\/a>&nbsp;Due Tuesday 2\/28\/2023 in class.<\/p>\n\n\n\n<p><strong>Week 7:&nbsp;<\/strong>Uncertainty in Climate Change Economics<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 28:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Slide_Deck_09.pdf\">Slide Deck 09<\/a><\/p>\n\n\n\n<p><strong>Week 8:&nbsp;<\/strong>Review for midterm and midterm.<\/p>\n\n\n\n<p><strong>Week 9:<\/strong>&nbsp;Thursday March 23. Uncertainty (continued)&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Note_Uncertainty.pdf\">Notes on uncertainty<\/a><\/p>\n\n\n\n<p><strong>Week 10:<\/strong>&nbsp;Tuesday March 28 Uncertainty (continued).<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thursday March 30: Uncertainty: The Dismal Theorem<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/PS04.pdf\">Problem Set 4<\/a><\/p>\n\n\n\n<p><strong>Week 11:&nbsp;<\/strong>Tuesday April 4: Overview of Tol\u2019s Integrated Assessment Model (MLIAM)<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thursday April 6: We start building the model. Bring your laptop to class.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excel worksheet:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/MLIAM01_Class.xlsx\">MLIAM01_Class.xlsx<\/a><\/p>\n\n\n\n<p><a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Notes_MLIAM01.pdf\">MLIAM02 Notes<\/a><\/p>\n\n\n\n<p><strong>Week 12:&nbsp;<\/strong>Tuesday April 11:&nbsp;&nbsp;Excel worksheet:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/MLIAM02_Class.xlsx\">MLIAM02_Class.xlsx<\/a><\/p>\n\n\n\n<p><strong>Week 13:&nbsp;<\/strong>Tuesday April 18:&nbsp;&nbsp;Excel worksheets:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/MLIAM03_Class.xlsx\">MLIAM03_Class.xlsx<\/a>,&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/MLIAM04_Class.xlsx\">MLIAM04_Class.xlsx<\/a>&nbsp;and some notes:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/Notes%20MLIAM02-04.pdf\">Notes MLIAM02-04<\/a><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thursday April 20: Use this Excel worksheet:&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/MLIAM05.xlsx\">MLIAM05.xlsx<\/a>&nbsp;to do&nbsp;<a href=\"http:\/\/sites.nd.edu\/nmark\/files\/2023\/04\/Climate\/PS06.pdf\">Problem Set 6<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economics 40534 &#8211; Spring 2023 __________________________________________________________ Syllabus __________________________________________________________ Some Useful and Interesting Climate Websites Berkeley Earth US Environmental&nbsp;Protectation&nbsp;Agency NASA NOAA (National Oceanic and Atmospheric Administration) __________________________________________________________ Course Schedule Week 1.&nbsp;The Science of Climate Change and Emission&nbsp;Scenerios &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;January 17-19 Read:&nbsp;&nbsp;&nbsp;&nbsp;Tol, chapters 1 and 2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WW chapter 1, 5 and 6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pope Francis encyclical (optional)&nbsp;(full text here) [&hellip;]<\/p>\n","protected":false},"author":4499,"featured_media":0,"parent":15,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-21","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/pages\/21","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/users\/4499"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":4,"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/pages\/21\/revisions"}],"predecessor-version":[{"id":86,"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/pages\/21\/revisions\/86"}],"up":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/pages\/15"}],"wp:attachment":[{"href":"https:\/\/sites.nd.edu\/nmark\/wp-json\/wp\/v2\/media?parent=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}