Feb 5, 2007

A group of scientists say global warming is very likely caused by human activity.

Sites to Visit for More Information:

  • Stern Report
  • Criticism of the Stern Report
  • Intergovernmental Panel on Climate Change
  • Resources for Economists on the Internet
  • Questions:

    1. What human activities might cause global warming?
    2. What are the costs of global warming? Which of these costs are private and which are external?
    3. Does global warming bring any benefits?
    4. What are the alternative ways of dealing with an external cost?
    5. Of the alternative methods, which do you think should be used and why?
    6. Illustrate your answers to 4 and 5 with an appropriate graphical analysis.