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Teaching Environmental Macroeconomics to Undergraduate Students

Since environmental economics is typically under the umbrella of microeconomics, there is less emphasis on macroeconomic issues in undergraduate-level environmental economics textbooks. This presents a significant content deficiency because it limits the discussion of global environmental policy and...

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Detalles Bibliográficos
Autor principal: Milani, Sahar
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Palgrave Macmillan UK 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9985435/
https://www.ncbi.nlm.nih.gov/pubmed/37274303
http://dx.doi.org/10.1057/s41302-023-00239-0
Descripción
Sumario:Since environmental economics is typically under the umbrella of microeconomics, there is less emphasis on macroeconomic issues in undergraduate-level environmental economics textbooks. This presents a significant content deficiency because it limits the discussion of global environmental policy and growth. In this paper, I propose a simplified version of Brock and Taylor (J Econ Growth 15(2):127–153, 2010)’s “green” Solow model that is accessible for undergraduates. I assume that the growth rate of emissions is equal to the growth rate of capital per effective worker in addition to several omissions. The result is a restatement of the model that requires no calculus or differential equations to understand. I also discuss how this stand-alone content can be taught to students of different skill levels and in various class formats as a complement to empirical applications.