Online course in Nature & Environment

Exploring Possible Futures: Modeling in Environmental and Energy Economics

Take a look at the future and learn how to develop and use models in environmental and energy economics.

Exploring Possible Futures: Modeling in Environmental and Energy Economics

  • Duration 5 weeks
  • Weekly study 4 hours
  • Learn Free
  • Extra benefits From $59 Find out more

Make informed decisions about pressing environmental issues.

What will our future look like? Will we continue burning fossil fuels or will we live in a 100% renewable world? How can we address climate change and what policies do we need to implement?

We will provide you with model examples to make you familiar with aspects of economic modeling and state-of-the-art research on current debates in energy policy.

This online course explores these concerns, using models in environmental and energy economics. You will learn how to design models, how to interpret and use results to make informed decisions, and how to use models to assess energy and environmental policies.

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Skip to 0 minutes and 11 secondsWhat will our future look like?

Skip to 0 minutes and 23 secondsWill all our cities continue to be fueled by burning fossil fuels and harvesting nuclear energy?

Skip to 0 minutes and 32 secondsOr will we live a life in 100% renewable future fueled by solar and wind?

Skip to 0 minutes and 41 secondsHow can we address the challenges of climate change?

Skip to 0 minutes and 48 secondsAre we running out of time?

Skip to 0 minutes and 56 secondsIf you want to learn how economists use models to predict the future and develop climate policies or how these policies can be simulated in order to predict the impact and shape different futures, join us in our course starting soon.

What topics will you cover?

  • Climate change and energy policies.
  • Evidence-based recommendations on current problems of energy policy.
  • Models in environmental economics and energy economics.
  • Building blocks of models and possible applications.
  • Informed decisions by the results of different modeling approaches.

When would you like to start?

Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more

  • Available now
    This course started 7 Oct 2019

What will you achieve?

By the end of the course, you'll be able to...

  • Develop and use models in environmental economics and energy economics, covering conceptual aspects, basic design choices, and numerical and computational challenges.
  • Discuss topical issues like climate change and energy policies.
  • Explore different modeling approaches.
  • Investigate in the mathematical formulation underlying models.
  • Apply your knowledge to example models and adjust their specifications.
  • Interpret and use the results of different modeling approaches to make informed decisions.
  • Investigate potential future energy scenarios.
  • Reflect on the role of economic models for policy evaluations.
  • Discuss the role of modeling in economic decision making.

Who is the course for?

This course is intended for anyone interested in the topics of environmental economics and energy economics, including students at MSc or advanced BA level and policy makers.

To gain the most from this course, we encourage you to examine the details of the provided model examples, which require some basic knowledge in mathematics and microeconomics.

What do people say about this course?

This course brings the complex subject of economic modeling closer to people. It helps us to explore this subject in designing possible futures together.

Wannika Pinjareantawon

Who will you learn with?

Frank Krysiak

Frank Krysiak

I am professor of environmental economics at the University of Basel and head of the SCCER CREST (http://www.sccer-crest.ch). My research focusses on the design of environmental and energy policy.

Hannes Weigt

Hannes Weigt

I am professor for energy economics at the University of Basel (https://fonew.unibas.ch/). My research focus is on numerical modeling of energy markets.

Who developed the course?

The University of Basel has an international reputation of outstanding achievements in research and teaching.

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