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
- 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.
- 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.
- Should be able to systematically evaluate and apply new knowledge in their field.
- 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.
- hould be able to critically analyze, synthesize, and evaluate new and complex ideas.
- Should demonstrate advanced proficiency in the application of research methods in studies related to their field.
- 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.
- 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.
- Should be able to demonstrate leadership in addressing original and interdisciplinary problems within complex environments.
- 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.
- 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.
- 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.
- 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.
- 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.
- Should be able to engage in effective interactions by employing strategic decision-making processes to address and solve problems encountered in their field.
- Should be able to contribute to solving social, scientific, cultural, and ethical issues related to their field and promote the advancement of these values.
- 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |