Left unchecked, greenhouses gas emissions are projected to warm the planet by 6 to 14 degrees over this century. A new course open to freshmen and taught by AAE's Tom Rutherford
will explore the economic impacts of what many think to be the most significant environmental challenge for coming generations.
"Because the emission of greenhouse gases results from virtually every kind of economic activity -- driving a car, heating a home, operating a steel mill, raising pigs -- any policy aimed at reducing emissions will have significant and broad-based impacts on the economy," said Rutherford.
AAE 246 Climate Change Economics and Policy will cover the role of applied economics in related policy analysis and research. Themes include the economics of mitigation, adaptation and geo-engineering, integrated assessment, environmental implications of energy use, and climate change impacts on land use.
Prof. Rutherford, an expert in computational methods who also works with the Optimization Theme at the Wisconsin Institutes for Discovery
, will teach the basics of economic analysis and modeling for public policy design. No previous economics coursework is required for the class, so students will learn economic principles in their weekly discussion sections.
"We hope to enroll freshmen from across the university, because this is a topic that will touch everyone’s future," said Rutherford.
The lecture will meet on Monday and Wednesday at 9:55 in 1111 Humanities, and discussion sections are held on Wednesday and Friday. The course syllabus can be found here