Climate change is likely to have an adverse impact on economic growth over the long run. The long run
effects of climate change will most certainly be negative for global economic activity. Damage to the global
capital stock and disruptions to labor supply will reduce productivity and economic activity. Inflation will
increase as production is curtailed, particularly in agriculture, further weakening real incomes and spending.
Whilst there will be winners and losers from warming of several degrees, all countries will, at some point,
lose out to climate change. In this paper, students are to describe the economic impact of global warming
and climate changes in short run and long run. Students should analyze potential impacts and implications of
the short run and long run economic impacts of Global warming and critically assess different strategies that
may be implemented to reduce the negative impact
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University of Houston-Victoria School of Business Administration Econ 6367 Global Economics Term paper / Case Study The Economic Aspects of Global Warming and Climate Changes 1CASE ASSIGNMENT Climate change is likely to have an adverse impact on economic growth over the long run. The long run effects of climate change will most certainly be negative for global economic activity. Damage to the global capital stock and disruptions to labor supply will reduce productivity and economic activity. Inflation will increase as production is curtailed, particularly in agriculture, further weakening real incomes and spending. Whilst there will be winners and losers from warming of several degrees, all countries will, at some point, lose out to climate change. In this paper, students are to describe the economic impact of global warming and climate changes in short run and long run. Students should analyze potential impacts and implications of the short run and long run economic impacts of Global warming and critically assess different strategies that may be implemented to reduce the negative impact. In attempting the assignment, students are expected to apply concepts, tools and techniques introduced during the course. The assignment is designed to make students (i) apply economic analysis to a real world situation and (ii) search in current newspapers, periodicals, on-line, in order to find data and articles that illustrate a specific issue. (Individual term paper/case study assessing course Learning Objective 6.) 2PAPER OUTLINE The paper should have a logical flow to it, and make use of appropriate headings and subheadings. You should follow the suggested format described below: COVER PAGE (1 page). Your paper should include a cover sheet which is similar for all students (see the MS-Word file “Cover Sheet” posted within the “Term Paper/Case” icon). Do not show the page number on this sheet. In case you have questions...