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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Bibliographic Details
Published in:Eastern economic journal 2023-06, Vol.49 (3), p.391-407
Main Author: Milani, Sahar
Format: Article
Language:English
Subjects:
Climate change
College students
Curricula
Economic growth
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Emissions
Environmental economics
Environmental policy
Growth models
Macroeconomics
Microeconomics
Nobel prizes
Original
Original Article
Teaching
Textbooks
Citations: Items that this one cites
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Summary: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.
ISSN:0094-5056
1939-4632
DOI:10.1057/s41302-023-00239-0