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Cursus: NS-MO450M
NS-MO450M
Understanding Complexity: Economy and the Planet
Cursus informatie
CursuscodeNS-MO450M
Studiepunten (EC)7,5
Cursusdoelen
  • understanding of the physics behind climate change (causes, predictability, consequences)
  • understanding of basic economic principles (e.g. growth models, discounting)
  • understanding, assessing and discussing possible solutions for climate policy
  • broad overview over current scientific literature on climate policy (reading and presentations)
  • hands-on experience: building, exploring and possibly criticising the well-known DICE model for climate policy optimisation
Inhoud
The course Understanding Complexity: Economy and the Planet (7.5 EC) will be taught by a group of researchers from climate and economic sciences - including Rick van der Ploeg, professor of Economics at Oxford University and former secretary of state.  You might have seen him on television as he is a regular guest in De Wereld Draait Door or read one of his columns in De Financiële Telegraaf.
 
The course centres around a politically highly relevant topic: economics of climate change. 
First, an overview of climate change is given: What are the driving mechanisms, how well can we predict it, and what are the consequences for the environment and the economy? Next, the economic principles needed for climate policy are tackled, including complex questions like intergenerational equality. Finally, these concepts will be combined in an attempt to define an “optimal” climate policy. 
In the course, you will learn to critically read state-of-the-art scientific publications on climate economics and, step by step, build and explore a well-known model for climate policy assessment, the Nobel-prize winning DICE model. 
 
The course can also be taken as part of the master’s profile Complex Systems.
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