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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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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
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author Milani, Sahar
author_facet Milani, Sahar
author_sort Milani, Sahar
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description 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.
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spelling pubmed-99854352023-03-06 Teaching Environmental Macroeconomics to Undergraduate Students Milani, Sahar East Econ J Original Article 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. Palgrave Macmillan UK 2023-03-04 2023 /pmc/articles/PMC9985435/ /pubmed/37274303 http://dx.doi.org/10.1057/s41302-023-00239-0 Text en © EEA 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Article
Milani, Sahar
Teaching Environmental Macroeconomics to Undergraduate Students
title Teaching Environmental Macroeconomics to Undergraduate Students
title_full Teaching Environmental Macroeconomics to Undergraduate Students
title_fullStr Teaching Environmental Macroeconomics to Undergraduate Students
title_full_unstemmed Teaching Environmental Macroeconomics to Undergraduate Students
title_short Teaching Environmental Macroeconomics to Undergraduate Students
title_sort teaching environmental macroeconomics to undergraduate students
topic Original Article
url 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
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