A Virtual Field Trip to the Real World of Cap and Trade: Environmental Economics and the EPA SO[subscript 2] Allowance Auction

Autor/in	Lewis, Lynne Y.
Titel	A Virtual Field Trip to the Real World of Cap and Trade: Environmental Economics and the EPA SO[subscript 2] Allowance Auction
Quelle	In: Journal of Economic Education, 42 (2011) 4, S.354-365 (12 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2011.606086
Schlagwörter	Economics Education; Environmental Education; Class Activities; Pollution; Experiential Learning; Instructional Effectiveness; Undergraduate Study; Maine + Suchen Sie Ihr Suchwort? Wirtschaftskunde; Umweltbildung; Umwelterziehung; Umweltpädagogik; Schadstoffbelastung; Experiental learning; Erfahrungsorientiertes Lernen; Unterrichtserfolg; Grundstudium
Abstract	In the spring of 2001, Bates College Environmental Economics classes bought their first sulfur dioxide emissions allowance at U.S. Environmental Protection Agency's annual auction, then conducted by the Chicago Board of Trade. In the spring of 2010, they bought their 22nd through 34th allowances. This article describes a three-part method for teaching the theory and practice of tradable pollution allowances or "cap and trade". Experiential learning allows for theoretical economic concepts to become engrained in a deeper way via hands-on experience. Assessment through student surveys suggests that students do solidify their knowledge of complex concepts such as discounting and efficient allowance prices with trading via this three-part technique. (Contains 2 tables and 16 notes.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10