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 impac