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
- 1. Critically evaluates current and advanced knowledge in civil engineering and makes original contributions that expand the boundaries of the field.
- 2. Identifies complex engineering problems, develops new methods or models, and scientifically validates them.
- 3. Analyzes existing theories, methods, and applications in depth and applies them to new areas of research.
- 4. Designs, conducts, and interprets independent scientific research within disciplinary or interdisciplinary contexts.
- 5. Plans, executes, and completes original research in accordance with principles of scientific ethics and integrity.
- 6. Designs and develops innovative systems, processes, or methodologies in the field of civil engineering.
- 7. Evaluates scientific, technological, social, and environmental developments in the field and proposes sustainable engineering solutions.
- 8. Effectively uses and develops advanced computational, modeling, and simulation techniques in civil engineering applications.
- 9. Critically reviews national and international scientific literature in the field and produces original scholarly publications.
- 10. Communicates scientific research and its results effectively through written, oral, and visual means in national and international contexts.
- 11. Demonstrates leadership in interdisciplinary research environments, initiates new collaborations, and manages research teams.
- 12. Utilizes knowledge and expertise for the benefit of society, evaluates the ethical, social, and environmental impacts of engineering practices, and makes responsible decisions.
Po-Lo Matrix
| LO | Average | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L01 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L02 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L03 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L04 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L05 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L06 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L07 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L08 | - | - | - | - | - | - | - | - | - | - | - | - | - |