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Exploring Possible Futures

Modeling in Environmental and Energy Economics

Frank Krysiak, Hannes Weigt, Ali Darudi, Madeleine Schmidt, Rebecca Lordan-Perret, and Florian Kuhlmey

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 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. You can use the hashtag #FLfutures to talk about this course on social media.

Topics Covered

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.

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Reviews summary

Modeling for environmental and energy futures

According to students, "Exploring Possible Futures" offers a strong theoretical foundation in environmental and energy economic modeling, making it highly relevant for policymakers and advanced students. Learners consistently praise the clear lectures and the course's emphasis on practical applications for policy recommendations, making it invaluable for understanding complex policy implications. While providing a comprehensive overview, some reviewers noted a need for a solid background in microeconomics and mathematics. The course is recognized for its conceptual depth, but is generally less focused on hands-on model programming.

Excellent for understanding 'why' behind models, less 'how to program'.

"It's a great conceptual course, but don't expect deep dives into programming specific models."

"The focus on high-level economic models was not what I needed for my specific job, which involves hands-on data analysis."

"Useful for understanding the 'why' behind policy decisions rather than the 'how' of building models from scratch."

Requires a solid background in math and microeconomics.

"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."

"I agree with others that a good grasp of foundational economics is key."

"I struggled with the pace and the assumed level of math and economics. I felt I needed to do a lot of external reading to keep up."

Instructors provided clear explanations of complex topics.

"The lectures were clear, and the case studies provided much-needed context."

"The instructors did a fantastic job simplifying complex ideas."

"The lectures were informative, but sometimes lacked practical examples for different modeling software."

Directly applicable for policy recommendations and decisions.

"I especially appreciated the focus on practical applications for policy recommendations."

"As a policymaker, this course was invaluable."

"The blend of theory and real-world policy implications was perfect. This course significantly deepened my understanding..."

Provides robust economic models and policy analysis.

"Excellent course for anyone looking to understand the core concepts of energy and environmental economic modeling."

"It provided a robust framework for evaluating future scenarios using economic models."

"A well-structured course that tackles a complex subject effectively. The early modules laid a strong foundation."

Some wished for more hands-on practice and engagement.

"I wished there were more interactive exercises to solidify understanding."

"Found this course quite challenging... I also found the forum discussions less active than I hoped, which made clarifying doubts difficult."

"I found the assignments a bit vague at times. The lectures were informative, but sometimes lacked practical examples."

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Learners who complete Exploring Possible Futures: Modeling in Environmental and Energy Economics will develop knowledge and skills that may be useful to these careers:

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Bayesian Data Analysis, Third Edition

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Leading text on Bayesian methods, providing a practical approach to analyzing data and building probabilistic models. It is suitable for graduate students and researchers and covers fundamental concepts to advanced techniques. It is an essential reference for anyone working with Bayesian modeling.

Exploring Possible Futures

Topics Covered

Topics Covered

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Reviews summary

Modeling for environmental and energy futures

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