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ERIC Number: EJ949201
Record Type: Journal
Publication Date: 2011
Pages: 12
Abstractor: As Provided
Reference Count: 16
ISBN: N/A
ISSN: ISSN-0022-0485
A Virtual Field Trip to the Real World of Cap and Trade: Environmental Economics and the EPA SO[subscript 2] Allowance Auction
Lewis, Lynne Y.
Journal of Economic Education, v42 n4 p354-365 2011
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.)
Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Maine