Energy economics

A.Y. 2020/2021
Overall hours
Learning objectives
This course explores the theoretical and empirical perspectives on individual and industrial demand for energy, energy supply, energy markets, and public policies affecting energy markets. It discusses aspects of the oil, natural gas, electricity, and nuclear power sectors and examines energy tax, price regulation, deregulation, energy efficiency and policies for controlling emission.
Expected learning outcomes
Course syllabus and organization

Single session

Lesson period
First semester
The course will be held on-line with Teams platform. Materials and slides will be provided on Ariel.
Mid-term and final exam will be held on-line.
Course syllabus
Lecture 1 : Energy balance
Lecture 2: Global energy demand/supply
Lecture 3: Individual and Industrial demand for energy
Lecture 4 : Electricity systems and the electricity supply chain
Lecture 5 : The four market designs of the electricity system
Lecture 6 : Energy products and the time dimension of electricity markets
Lecture 7 : Wholesale market competition (I)
Lecture 8 : Wholesale market competition (2)
Lecture 9: Electricity transmission: basic principles (1)
Lecture 10 : Electricity transmission: basic principles (2)
Lecture 11: Retail competition: supplying electricity to final consumers
Lecture 12 : Optimal investment in power generation
Lecture 13 : Renewable energy sources and electricity production
Lecture 14 : The integration of renewable energy sources in the electricity system
Lecture 15 : Smart grids
Lecture 16 : Some principles of electricity sector regulation
Lecture 17 : Regulation (1)
Lecture 18 : Regulation (2)
Lecture 19 : Principles of resource economics
Lecture 20 : The oil market
Lecture 21 : The gas market (1)
Lecture 22 : The gas market (2)
Lecture 23 : Energy in developing Countries
Lecture 24 : Electricity markets in Africa
Prerequisites for admission
Teaching methods
Lectures and active participation in class with group debates.
Teaching Resources
Slides and suggested readings uploaded on Ariel
Assessment methods and Criteria
Written exam and group presentation only for attending students
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 48 hours
Professor: Pontoni Federico