Course Summary
Learn how economic principles impact the earth and its resources. Explore environmental policy, energy, and climate change.Key Learning Points
- Understand the relationship between economics and the environment
- Examine the impact of economic policies on natural resources
- Analyze the economic costs and benefits of climate change
Job Positions & Salaries of people who have taken this course might have
- USA: $65,000 - $130,000
- India: INR 3,50,000 - INR 12,00,000
- Spain: €30,000 - €60,000
- USA: $65,000 - $130,000
- India: INR 3,50,000 - INR 12,00,000
- Spain: €30,000 - €60,000
- USA: $50,000 - $97,000
- India: INR 3,00,000 - INR 10,00,000
- Spain: €26,000 - €45,000
- USA: $65,000 - $130,000
- India: INR 3,50,000 - INR 12,00,000
- Spain: €30,000 - €60,000
- USA: $50,000 - $97,000
- India: INR 3,00,000 - INR 10,00,000
- Spain: €26,000 - €45,000
- USA: $55,000 - $110,000
- India: INR 3,50,000 - INR 12,00,000
- Spain: €30,000 - €55,000
Related Topics for further study
Learning Outcomes
- Understand the economic principles that impact the environment
- Analyze the impact of economic policies on natural resources
- Explore solutions to environmental challenges
Prerequisites or good to have knowledge before taking this course
- Basic knowledge of economics
- Interest in environmental issues
Course Difficulty Level
IntermediateCourse Format
- Online
- Self-paced
Similar Courses
- Sustainable Business Strategy
- Energy, Environment, and Everyday Life
Related Education Paths
Related Books
Description
After this course you will be an Earth Economist that can provide evidence-based advise on the best global policy. As an Earth Economist you will better understand the behavior and advice of economists, have become a better economist yourself and know where to find Earth's data and how to analyze these world observations. Our planet is too important: we need you to get engaged!
Knowledge
- Become a good economist that understands under which conditions an economic theory applies and can be used to inform evidence-based policy making
Outline
- Earth economics: a new and necessary approach
- 1. Introduction 'What on Earth is Earth Economics?'
- Solution exercise 1
- 1. On the Need for Earth Economics
- Exercise 1 Does Earth's current account add up to zero?
- Reflections on the impact of the COVID-19 (Corona) crisis (1)
- Final test week 1
- Accounting for fluctuations in the Earth economy
- 2. Gross Planet Product (GPP) and Planet Accounting
- Solution exercise 2
- 3. Business Cycle and Secular Stagnation
- Solution exercise 3
- 4. Why does Earth's Unemployment fluctuate?
- Solution exercise 4
- 2. Different measures for different purposes
- Exercise 2 The components of GPP
- 3. A closer look at the accuracy of Gross Planetary Product
- Exercise 3: Secular stagnation
- 4. Okun's Law: Unemployment and Output Gap
- Exercise 4: Does Okun's Law work for Earth?
- Reflections on the impact of the COVID-19 (Corona) crisis (2)
- Quiz week 2
- Investment and Saving
- 5. Equilibrium and stability: Good or bad?
- Solution Exercise 5
- 6. Do we invest what we save or do we save what we invest?
- 7. How we get richer by spending: Consumption and multiplier
- Solution Exercise 7
- 8 A model for the Earth Economy
- Continue after you collected the data
- 5. Scenario analysis
- Exercise 5: World tourism
- 6. Investment theories
- 7. Life cycle, interest rate and consumption
- Exercise 7: Population
- 8. The use of economic models
- Reflections on the impact of the COVID-19 (Corona) crisis (3)
- Week 3
- Midterm evaluation (survey)
- Government and the Earth Economy
- 9. Government, spending and taxation
- Solution Exercise 9
- 10. Deficits and Debts: Is the IMF in denial?
- Solution Exercise 10
- 11. Money Matters
- Solution Exercise 11
- 9. Income (Re)Distribution
- Exercise 9: Composition of government expenditure
- 10. Index numbers
- Exercise 10: Debt Dynamics
- 11. The role of private banks: the money multiplier
- Exercise 11: Crypto-currencies
- Reflections on the impact of the COVID-19 (Corona) crisis (4)
- Week 4
- Money and Earth Economic Equilibrium
- 12. The return of the liquidity trap
- Solution Exercise 12
- 13. The Missing Link: Demand side equilibrium
- Solution Exercise 13
- 14. Puzzling disagreement
- 12. Important concepts: Walras' Law and elasticity
- Exercise 12: Precautionary money demand
- 13. Graphical derivation of the IS and LM curve
- Exercise 13: Policy interest rates
- 14. Identification
- Reflections on the impact of the COVID-19 (Corona) crisis (5)
- Long Run Challenges
- Supply and the structural reform: Completing the Earth Economic Model
- Solution Exercise 15
- The Long Run: How to escape from poverty and middle income traps
- Solution Exercise 16
- How can we govern the Earth Economy?
- Competition policy and the Earth Economic perspective
- Exercise 15: Product market regulation
- Exponential growth
- Exercise 16: Income and poverty in the long run
- Global Public Things
- Reflections on the impact of the COVID-19 (Corona) crisis (6)
- Week 6
- End evaluation (survey)
Summary of User Reviews
Check out reviews for the Earth Economics course on Coursera. Users have given great feedback on this course that covers topics like natural resource management, environmental policy, and more. One key aspect that many users appreciated was the comprehensive approach to understanding the economics of the environment.Pros from User Reviews
- Comprehensive coverage of environmental economics
- Engaging lectures and resources
- Great for learners who want to understand natural resource management
- Good balance of theory and practical applications
- Suitable for beginners and intermediate learners
Cons from User Reviews
- Some users found the course material to be too basic
- Not ideal for advanced learners in the field
- Some users felt that the course could be more interactive
- Course content may not be applicable to all regions
- Course structure may not be suitable for all learning styles
Peter A.G. van Bergeijk
4.6 Raiting
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