Browse Hierarchy BUSM231: Macroeconomics of Climate Change

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The course will provide students with the theoretical and empirical tools to understand the effects of global environmental change on macroeconomic variables such as GDP, inflation and unemployment, by considering the physical risks induced by climate change and their implications for economic growth. The course will then analyse the transitions risks linked to climate change, by describing the effects of a stringent climate policy on market supply, and it will equip students with an understanding of the role of central banks and how monetary policy can be leveraged to overcome the macroeconomic risks driven by climate change. Students will strenghten their empirical skills by using statistical softwares, such as R and Stata, to run empirical macroeconomic analysis.

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