EGMP018 - Energy & Resource Economics

Semester

Autumn

Level

11

Credit value

20

Module Co-ordinator

 Dr Seda Erdem

Lecturers

 Dr Seda Erdem

Contact hours

30 lectures + 10 tutorials/presentations (40 contact hours)

Assessment

20% class test

20% essay

60% examination (resit offered)

Objectives

  • To enable students to apply economic reasoning to issues in energy and resource management
  • To equip students to understand how energy and resource markets work
  • To enable students to think about energy and resources policy in a consistent and creative manner.

Learning outcomes

Knowledge and understanding of

  • optimal renewable and non-renewable resource use
  • market structure effects on optimal use
  • optimal electricity pricing
  • the basic market structure for fossil fuels
  • economic reserves and what sustainability means in this context
  • where to find basic data on energy supply and consumption

Introductory reading

Dahl, C (2004), International Energy Markets: Understanding Pricing, Policies, and Profits, PennWell Publishing.

This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.

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