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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

  1. 01 Student will have an understanding of the concept of environmental and natural resource economics.
  2. 02 Students will be able to discuss energy and natural resources issues in relation to the economics
  3. 03 o to list factors accounting for the complexity of the energy sector
  4. 04 o to list the multi-dimensional interactions energy of the energy industry
  5. 05 o to analyse the integration of policy in energy economics
  6. 06 o to identify the factors which reflects energy market
  7. 07 o to develop an understanding of sustainable development concept
  8. 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

  1. 01 Tietenberg T, Lewis L. Environmental and Natural resource Economics. 9th Ed, Pearson. 2012.
  2. 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.
  3. 03 Roger Fouquet. Handbook on Energy and Climate Change. Edward Elgar Publishing, Cheltenham, 2013.
  4. 04 ubhes C Bhattacharyya. Energy Economics. Concepts, Issues, Markets, and Governance. Springer, London, 2011.

Learning Outcomes

  1. L01 Student will have an understanding of the concept of environmental and natural resource economics.
  2. L02 Students will be able to discuss energy and natural resources issues in relation to the economics
  3. L03 o to list factors accounting for the complexity of the energy sector
  4. L04 o to list the multi-dimensional interactions energy of the energy industry
  5. L05 o to analyse the integration of policy in energy economics
  6. L06 o to identify the factors which reflects energy market
  7. L07 o to develop an understanding of sustainable development concept
  8. L08 o to recommend a series of actions in which pursuing sustainable development schemes

Program Outcomes

  1. Based on master's-level qualifications, be able to develop and deepen current and advanced knowledge in the field at the level of expertise through original thinking and/or research, and achieve original conceptualizations that contribute innovation to the field.
  2. Should be able to comprehend the interdisciplinary interactions related to their field and employ specialized knowledge to analyze, synthesize, and evaluate new and complex ideas, leading to original conclusions.
  3. Should be able to systematically evaluate and apply new knowledge in their field.
  4. Should be able to develop innovative ideas, methods, designs, and/or applications that contribute to the advancement of the field, or apply existing ideas, methods, designs, and/or applications to a different field. Should be able to investigate, comprehend, design, adapt, and implement original research topics.
  5. hould be able to critically analyze, synthesize, and evaluate new and complex ideas.
  6. Should demonstrate advanced proficiency in the application of research methods in studies related to their field.
  7. Should be able to independently conduct original research that develops innovative ideas, methods, designs, and/or applications, or applies existing ideas, methods, designs, and/or applications to a different field, thereby contributing to the advancement of their field.
  8. Should be able to extend the frontiers of knowledge in their field by publishing at least one scientific article in a national and/or international peer-reviewed journal and/or by producing or critically interpreting an original work.
  9. Should be able to demonstrate leadership in addressing original and interdisciplinary problems within complex environments.
  10. Should be able to develop innovative ideas and methods in their field through the effective use of higher-order cognitive skills, including creative and critical thinking, problem-solving, and decision-making.
  11. Should be able to critically analyze and enhance social relationships and the norms that shape these relationships, and lead actions toward their transformation when necessary.
  12. Should be able to defend original viewpoints when discussing issues related to their field with experts and establish effective communication that demonstrates their expertise and competence in the field.
  13. Should be able to conduct advanced written, oral, and visual communication and participate in discussions using at least one foreign language at the C1 level of the European Language Portfolio.
  14. Should be able to contribute to the development and sustainability of a knowledge society by disseminating scientific, technological, social, and cultural advancements related to their field.
  15. Should be able to engage in effective interactions by employing strategic decision-making processes to address and solve problems encountered in their field.
  16. Should be able to contribute to solving social, scientific, cultural, and ethical issues related to their field and promote the advancement of these values.
  17. Based on master's-level qualifications, be able to develop and deepen current and advanced knowledge in the field at the level of expertise through original thinking and/or research, and achieve original conceptualizations that contribute innovation to the field.

Po-Lo Matrix

LO Average
L01 - - - - - - - - - - - - - - - - - -
L02 - - - - - - - - - - - - - - - - - -
L03 - - - - - - - - - - - - - - - - - -
L04 - - - - - - - - - - - - - - - - - -
L05 - - - - - - - - - - - - - - - - - -
L06 - - - - - - - - - - - - - - - - - -
L07 - - - - - - - - - - - - - - - - - -
L08 - - - - - - - - - - - - - - - - - -