2019
DOI: 10.3390/su11051340
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Climate Change and Economics 101: Teaching the Greatest Market Failure

Abstract: In this paper, we explore how principles of economics courses prepare undergraduate students to think about climate change. We collected a comprehensive list of twenty-seven introductory economics textbooks in the United States and analyzed their coverage of climate change. Our finding shows that not all texts touch upon climate science, and a small subset deviates from the scientific consensus on the human causes of climate change. All texts conceptualize climate change as a problem of carbon emission’s negat… Show more

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Cited by 7 publications
(9 citation statements)
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“…The result shows that economics offers a consistent theoretical framework—externality—to explain climate change and other environmental problems, and prominent policy tools such as emission trading and pollution tax are taught universally across all texts. Some textbooks even connect climate change with specific topics such as cost-benefit analysis or international negotiation with in-depth discussions (Liu, Bauman, and Chuang 2019). Overall, an average introductory economics course covers much more about climate change than sociology.…”
Section: Resultsmentioning
confidence: 99%
“…The result shows that economics offers a consistent theoretical framework—externality—to explain climate change and other environmental problems, and prominent policy tools such as emission trading and pollution tax are taught universally across all texts. Some textbooks even connect climate change with specific topics such as cost-benefit analysis or international negotiation with in-depth discussions (Liu, Bauman, and Chuang 2019). Overall, an average introductory economics course covers much more about climate change than sociology.…”
Section: Resultsmentioning
confidence: 99%
“…Yet, climate and sustainability remain at the periphery in most general introductory materials. Recent research on college textbooks shows that climate change only receives unsatisfactory coverage in biology (Ansari and Landin, 2022), economics (Liu et al , 2019) and sociology (Liu and Szasz 2019). Even in general science courses, the textbooks dedicate less than 4% of page space to energy technologies, climate change and related environmental issues (Yoho and Rittmann, 2018).…”
Section: Discussionmentioning
confidence: 99%
“…The circular economy, as a key strategy for achieving green growth, is of significant importance in addressing climate change and promoting sustainable development (Al-Jayyousi et al, 2022;Hailemariam & Erdiaw-Kwasie, 2023;Sajid et al, 2024). This study aims to deeply analyze the impact of climate change on China's Green Total Factor Productivity (GTFP), exploring how climate change affects economic efficiency and environmental quality through technological innovation and efficiency improvement under different climate conditions.…”
Section: Introductionmentioning
confidence: 99%
“…Although there have been extensive studies on the economic impacts of climate change (Liu et al, 2019;Vale, 2016), research on how climate change affects economic efficiency and environmental quality under the background of green total factor productivity is still insufficient. Particularly in large economies like China, the impact of climate change exhibits high complexity and regional differences.…”
Section: Introductionmentioning
confidence: 99%