MODERN ECONOMIC ISSUES IN ENERGY SYSTEMS
- Course
- ENRE527 - MODERN ECONOMIC ISSUES IN ENERGY SYSTEMS
- Department
- Energy Systems Engineering - English - Master
- Course Type
- Course
- Status
- Required
- Language
- English
- Credit
- 3
- ECTS
- 0
- T+P+L
- 3 + 0 + 0
- Course Coordinator(s)
- -
- Prerequisite
- -
- Keywords
- -
Course Description
-
MODERN ECONOMIC ISSUES IN ENERGY SYSTEMS
Evaluation Tools (Active Term)
No evaluation items have been defined.
Course outcomes
- 01 Student will have an understanding of the concept of environmental and natural resource economics.
- 02 Students will be able to discuss energy and natural resources issues in relation to the economics
- 03 o to list factors accounting for the complexity of the energy sector
- 04 o to list the multi-dimensional interactions energy of the energy industry
- 05 o to analyse the integration of policy in energy economics
- 06 o to identify the factors which reflects energy market
- 07 o to develop an understanding of sustainable development concept
- 08 o to recommend a series of actions in which pursuing sustainable development schemes
Course Syllabus
| Week | Topic |
|---|---|
| Week 1 | INTRODUCTION |
| Week 2 | The Economic Approach: Property rights, Externalities, and Environmental Problems |
| Week 3 | Evaluating Trade-offs: Benefit-Cost Analysis and other Decision Making Metrics |
| Week 4 | Valuing the Environment: Methods Valuing the Environment: Methods Valuing the Environment: Methods Valuing the Environment: Methods Valuing the Environment: Methods Valuing the Environment: Methods Valuing the Environment: Methods |
| Week 5 | Dynamic Efficiency and Sustainable Development |
| Week 6 | Market Allocations of Depletable Resources: The Role of Longer Time Horizons, Substitutes, and Extraction Cost |
| Week 7 | The Quest for Sustainable Development |
| Week 8 | midterm |
| Week 9 | midterm |
| Week 10 | Energy: The transition from Depletable to renewable Resources Energy Demand Analysis and Forecasting |
| Week 11 | Energy Demand Analysis and Investment |
| Week 12 | Economics of non-renewable Energy Supply |
| Week 13 | Economics of Renewable Energy Supply |
| Week 14 | Presentations |
| Week 15 | Project submission- presentations |
Reference Books & Course Materials
- 01 Tietenberg T, Lewis L. Environmental and Natural resource Economics. 9th Ed, Pearson. 2012.
- 02 Alan J MacFadyen and G Campbell Watkins. Petropolitics: Petroleum Development, Markets and Regulations, Alberta as an Illustrative History. University of Calgary Press, Calgary, 2014.
- 03 Roger Fouquet. Handbook on Energy and Climate Change. Edward Elgar Publishing, Cheltenham, 2013.
- 04 ubhes C Bhattacharyya. Energy Economics. Concepts, Issues, Markets, and Governance. Springer, London, 2011.
Learning Outcomes
- L01 Student will have an understanding of the concept of environmental and natural resource economics.
- L02 Students will be able to discuss energy and natural resources issues in relation to the economics
- L03 o to list factors accounting for the complexity of the energy sector
- L04 o to list the multi-dimensional interactions energy of the energy industry
- L05 o to analyse the integration of policy in energy economics
- L06 o to identify the factors which reflects energy market
- L07 o to develop an understanding of sustainable development concept
- L08 o to recommend a series of actions in which pursuing sustainable development schemes
Program Outcomes
- P01 PO1 Become competent in searching and comprehending the relevant academic articles, interpreting the information learnt or obtained via various channels and absorbing exceptional knowledge in their field.
- P02 PO2 Devoted themselves to be a qualified researcher and knowledge worker in their field all throughout their life and career.
- P03 PO3 Demonstrated that they developed their individual capabilities through written projects, assignments and presentations that they will independently implement both in academia and work contexts.
- P04 PO4 Gained key practical skills and knowledge which need to be implemented in their own research and business work environment.
- P05 PO5 Been able to implement critical and analytical thinking and analyses into their studies, research and work.
- P06 PO6 Become proficient in adopting the gained knowledge into practice and research in a critical, and analytical way.
- P07 PO7 Become experts in using information technology tools for their studies, research and workplace in an ethical and safely environment by sharing and transferring their knowledge.
- P08 PO8 Succeeded in working, researching and forming partnerships with their colleagues/team members in a global environment.
- P09 PO9 Proved themselves capable of disseminating and sharing knowledge, sustainingly communicating with others, in any global workplace or research setting.
- P10 PO10 Become capable of interpreting and transferring their qualified knowledge into practice and research.
- P11 PO11 Dedicated themselves to applying advanced academic studies and enrolled themselves in work or non-work projects related to environmental approaches and ethical issues.
Po-Lo Matrix
| LO | P01 | P02 | P03 | P04 | P05 | P06 | P07 | P08 | P09 | P10 | P11 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L01 | - | - | - | - | - | - | - | - | - | - | - | - |
| L02 | - | - | - | - | - | - | - | - | - | - | - | - |
| L03 | - | - | - | - | - | - | - | - | - | - | - | - |
| L04 | - | - | - | - | - | - | - | - | - | - | - | - |
| L05 | - | - | - | - | - | - | - | - | - | - | - | - |
| L06 | - | - | - | - | - | - | - | - | - | - | - | - |
| L07 | - | - | - | - | - | - | - | - | - | - | - | - |
| L08 | - | - | - | - | - | - | - | - | - | - | - | - |