Paper
The required paper should be from 4 to 5
pages (double-spaced) and present the student’s understanding of how economics
can help mitigate the most important environmental issue of our time, i.e., global warming (a.k.a. climate
change.) A suggested outline for this
paper is posted on Blackboard. The paper
might begin with a short description of
the student’s understanding of the importance of global warming/climate change
as a global environmental threat and the scientific basis for its connection to
economic activity. A second section
might describe the policies that could mitigate global warming, i.e.,
regulation of the emissions of global warming gases, taxing fuels containing
cargon or a cap-and-trade system. The
third and most important section would evaluate each of these policies using
the economic tools students learn in this course. Students should conclude with their own views
about global warming and the best public policy combatting it. Students are advised the instructor is a
liberal Democrat but he will not penalize students who defend the
environmental policies of the Trump Administration if they are based on good scientific and economic reasoning.
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