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Cyprus International University
TR

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

No program outcomes have been defined.

Po-Lo Matrix

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