The End for Now
Bruce A. McCarl
Distinguished Professor and Regents Professor
Department of Agricultural Economics
Texas A&M University
Climate change Honors
What are economic issues?
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Externality
Income distribution
Intergenerational equity
Discounting & fairness
Market & nonmarket effects
Common property
Uncertainty
Investment choice
Welfare
What can economists do?
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Cost benefit of alternative actions
Vulnerability-effects
Mitigation
Adaptation
Contribute to investment decision
Market and nonmarket valuation
Analyze possible Market design
Analyze possible domestic & international
Policy design
What about your papers?
• You are in an econ class so set econ
background
• Identify where are you on econ issues?
• Identify where you are on what an
economist can do?