Planning Economics

Two polar bears wander among the rapidly melting glaciers.

The Arctic Circle has seen dramatic changes because of global warming. Session #3 discusses the economic impact of global warming on the world. (Image courtesy of the Select Committee on Energy Independence and Global Warming.)


MIT Course Number


As Taught In

Fall 2010



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Course Features

Course Description

Planning Economics will apply microeconomic theory to issues that markets don't always handle well and so are not usually covered in a standard microeconomics course. Issues for this year include global warming, how you value a national park, the economics and politics of New York City development, how cities form and why people are willing to pay more to live in, say, the Boston Metro area, than they would pay to live in rural North Dakota, and how to evaluate costs and benefits that occur at different points in time.


Levy, Frank. 11.202 Planning Economics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), (Accessed). License: Creative Commons BY-NC-SA

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