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Energy Economics

Code 10812
Year 1
Semester S2
ECTS Credits 7,5
Workload OT(3H)/TP(30H)
Scientific area Economics
Mode of delivery The teaching method is face-to-face, with lectures both theoretical and practical. Accordingly, students are invited to interact with the teacher and with colleagues in the resolution of the proposed exercises. The degree of commitment to these exercises will be taken into consideration in the final evaluation.
Work placements Not applicable
Learning outcomes - To provide students the primary tools for understanding the world energy markets;
- To analyze, in its fullness, the energy challenges which are facing the humanity and the world economy, as well as understand the limitations of each alternative energy source;
- To assess the implications of energy consumption, by source, to the economic prosperity of countries;
- To understand how the economic regulation faces the challenges of energy market failures.
Syllabus 1- Introduction to Energy Economics
2- Energy sources: non-renewables vs renewables
3- Economics of fossil fuels
4- Economics of renewables
5- Energy dependency, climate change, and energy policy
6- Regulation in the energy industry
7- Energy markets and electricity markets
8- Energy demand analysis
9- Energy consumption and economic growth
10- Energy elasticity
11- Economic analysis of Energy Investments
12- Security of supply and risk analysis
Main Bibliography - Murray, B. (2009). Power Markets and Economics: Energy Costs, Trading, Emissions. Wiley, ISBN: 978-0-470-77966-8.
- Rojey, A. (2009). Energy and Climate: How to achieve a successful energy transition. Wiley, ISBN: 978-0-470-74427-7.
- Bhattacharyya, S. C. (2011). Energy Economics, Concepts, Issues, Markets and Governance. Springer, ISBN: 978-0-85729-267-4.
- Quaschning, V. (2010). Renewable Energy and Climate Change, Wiley, ISBN: 978-0-470-74707-0.
- Bern, G. (2011). Investing in Energy: A Primer on the Economics of the Energy Industry, Wiley, ISBN: 978-1-57660-375-8.
- Several articles published in top leading journals, such as Energy Policy, Energy Economics, Renewable and Sustainable Energy Reviews, Energy, Environmental Science and Policy, Environmental and Resource Economics.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2018-02-27

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