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
Lesson period: First semester
(In case of multiple editions, please check the period, as it may vary)
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
Lectures and active participation in class with group debates.
Slides and suggested readings uploaded on Ariel
Assessment methods and Criteria
Written exam and group presentation only for attending students