This course explores how climate change shapes global, national, and regional economies through its effects on production, consumption, trade, labor, and welfare. Students will learn to analyze the economic costs of climate-related events, evaluate policy responses, and assess the distributional consequences of climate impacts across sectors and populations. The course will cover how policy around climate change is developed, and the economic theories and empirical work that contributes to policy-making.

By the end of this course, students will be able to:

1. Quantify and interpret the economic impacts of climate change across sectors and regions. 
2. Apply economic models to assess mitigation and adaptation strategies. 
3. Critically evaluate climate policies from an efficiency and equity perspective. 
4. Communicate evidence-based insights on the economic risks and opportunities of climate change. 

This course is classified as 'Examination-immanent' (in German, 'Prüfungsimmanent,' often abbreviated as 'PI'). As a general rule, PI courses have compulsory attendance. However, one class can be missed without negatively affecting the grade. If known in advance, absences must be announced by email to the lecturer ahead of time (e.g., in cases of conflicting class schedules). Missing class for medical reasons (e.g., accident or illness) will not count against the participation requirements as long as a doctor's note can be provided. No makeup assignments will be provided in case of missed assessments. More details on absenteeism rules will be explained in the first class.

The course will take an approach based on the following four pillars:

1. Discussion-centered learning

2. Applied, data-driven exploration

3. Case-based problem solving 4. Incremental skill development

Assessment will be divided into

1. Participation in in-class discussions (10%)

2. Quizzes on recently-covered material (10%)

3. Group presentations on case studies (30%)

4. Midterm and final examinations (50%)

Course enrollment is based on the 'first-come, first-served' principle. If you have registered but cannot participate in the course, please de-register via LPIS during the registration period so that your place is available to students on the waiting list. If there is a waiting list for enrollment in the course, students on the waiting list will be notified after the end of the enrollment period and will be allocated to available places. Students will be ranked by progress in their studies, not by their rank on the waiting list. This procedure, however, is not to be understood as a guarantee of class space.

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