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Energy Economics

Code 15637
Year 1
Semester S2
ECTS Credits 6
Workload TP(45H)
Scientific area Economics
Entry requirements Does not have.
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 in the energy transition process, 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.
The student acquires skills to identify the challenges and solutions facing energy saving, becoming ready to enter the job market. At the end of the UC student must be able to understand the dynamics of energy markets, in particular those resulting from the simultaneous accommodation of different generation sources, both conventional and alternative sources.
Syllabus 1- Introduction to Energy Economics
2- Energy sources: non-renewables vs renewables
3- Economics of fossil fuels and renewables
4- Energy dependency, climate change, and energy policy
5- The energy mix in the transport sector
6- Energy transition
7- Regulation in the energy industry
8- Energy markets and electricity markets
9- Energy demand side analysis
10- Energy elasticity
11- Energy consumption and economic growth
Main Bibliography - Marques, A. C. (2018). ECONOMIA DA ENERGIA: Desafios, intervenção pública e gestão da procura de eletricidade. EDIÇÕES SÍLABO, Lisboa. ISBN: 978-972-618-949-7.
- 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.
Teaching Methodologies and Assessment Criteria 1. The teaching is done according to the objectives and it intends to provide skills to the students.
2. The teaching aims to provide students the comprehensive learning of facts, concepts and principles.
3. The classes rely on a set of papers and exercises, seeking to promote the discussion of issues in Energy Economics and the improvement of students' ability to argumentation.
4. The method of exposure, both of papers and other materials, aims: 1) to develop the capacity of abstraction, 2) to encourage the understanding of the analysis of problems related to energy, 3) to reveal the findings of economic analysis and its importance for decision-making in what energy concerns, 4) to encourage the confrontation of the findings of different energy options, and 5) to give a global perspective on energy markets and energy policies.
5. The final grade is a weighted average of three components: written test (50%); research paper (40%); and Class participation (10%).
Language Portuguese. Tutorial support is available in English.
Last updated on: 2023-06-05

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