Review Questions Week 5.pdf - Review Questions Week 5 CLIMATE CHANGE ECONOMICS AND POLICY ACTIVITY 2.2 Read The lecture slides and readings for Module 2

Review Questions Week 5.pdf - Review Questions Week 5...

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Review Questions Week 5 ECO3CCE Page 1 CLIMATE CHANGE ECONOMICS AND POLICY ACTIVITY 2.2 Read: The lecture slides and readings for Module 2, Week 5. Reflect: Climate change policy involves making judgements about costs and benefits of mitigation action across different time scales. The standard tool that Economists use to weigh up costs and benefits is the Benefit-Cost Analysis (BCA). In this topic, you will learn the theoretical framework underpinning the BCA and discounting and the decision criteria to choose among risky prospects. Respond: Underneath each of the four questions below write a brief paragraph to summarise
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