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ECN207 Economic Perspectives Assignment Two

Apr 28, 2020 | Business and Finance, Economics, Essay Writing

Apr 28, 2020 | Business and Finance, Economics, Essay Writing

ECN207 Economic Perspectives Assignment Two

Instructions
Concisely explain how BOTH of the following bodies of economic theory offer
insights to policy makers that address how society ought to respond to climate
change.
1. Mainstream economics (as based upon the ideas of Coase, Nordhaus etc)
(1100 Words maximum)
2. Evolutionary / Ecological economics (as based upon the ideas Mazzucato,
Hausmann, Jackson, Kallis, etc)
(1100 Words maximum)
Each part should be a maximum of 1100 words i.e. 2200 in total.
Things to consider
Ensure that you create an essay structure that addresses the question asked. Try to
avoid simply explaining an economic model(s) and then relating to the question only
towards the end of your essay. Use the insights from the models / ideas to address
the question directly throughout.
Start from the initial reading below then expand your reading.
Suggested initial reading for mainstream economics
 Nordhaus (2007) A Review of the Stern Review on the Economics of Climate
Change Journal of Economic Literature Volume XLV, September, pp. 686–
702
also available from http://piketty.pse.ens.fr/files/Nordhaus2007b.pdf
 Stern, N (2006) Stern Review on the Economics of Climate Change
Government of the United Kingdom
also available from
https://webarchive.nationalarchives.gov.uk/20130123161956/http://www.hmtreasury.gov.uk/d/Executive_Summary.pdf
 The core Team (2017) The economy Oxford University Press
also available from https://core-econ.org/the-economy/book/text/20.html
Suggested initial reading for Evolutionary / Ecological economics
 Mazzucato, M (2018) Mission-oriented innovation policies challenges and
opportunities Industrial and Corporate Change, Volume 27, Issue 5, October,
Pages 803–815
also available from https://academic.oup.com/icc/article/27/5/803/5127692
 Hidalgo, C.A. and Hausmann, R. (2009) The building blocks of economic
complexity PNAS Volume 106, Issue 26, pp 10570-10575
also available from https://www.pnas.org/content/106/26/10570
 Jackson, T (2009) Prosperity Without Growth? The transition to a
 sustainable economy Sustainable Development Commission
also available from http://www.sdcommission.org.uk/data/files/publications/prosperity_without_growth_report.p
df
 Hickel, J and Kallis, G (2019) Is Green Growth Possible? New Political
Economy
also available from
https://www.tandfonline.com/doi/full/10.1080/13563467.2019.1598964?scroll=
top&needAccess=true

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