| Code |
18191
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| Year |
1
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| Semester |
S2
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| ECTS Credits |
6
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| Workload |
TP(30H)
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| Scientific area |
Economics
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Entry requirements |
NA
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Learning outcomes |
The objectives of the curricular unit (CU) are:
- Allow students to come into contact with the fundamentals of economics to understand the problem of energy use in an economy;
- Analyse in full the challenges that both humanity and the economy face in the energy transition, as well as understanding the limitations of each energy source;
- Understand the challenges that market failures in the energy sector pose to economic regulation;
- Understand the main characteristics of the different market structures related to key energy and waste commodities, including pricing mechanisms and price formation;
- Acquire knowledge to assess the complexities and challenges of energy and waste markets.
By the end of the course unit, the student should be able to understand the dynamics of different energy sources, the various energy markets, the complexity of the energy transition, and the economic and societal consequences of these decisions.
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Syllabus |
1- Introduction to Energy Economics: Non-renewable Vs. renewable energy sources
2- Energy mix by sector, energy dependence, energy transition, and climate change
3- Economic and social regulation in the energy sector
4- Electricity, natural gas, and oil markets: price formation mechanisms and their dynamics
5- CO? emissions regulation and market mechanisms: EU, Portugal, and Spain emissions trading schemes
6- Waste markets (Recycling and Waste): types of transition and trading practices
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Main Bibliography |
Bhattacharyya, S. (2019). Energy Economics, Concepts, Issues, Markets and Governance. Springer, 2nd edition. ISBN: 978-1447174677 Marques, A. (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
Khan, S., Panait, M., Guillen F., Raimi, L. (2022). Energy Transition: Economic, Social and Environmental Dimensions (Industrial Ecology), Springer
Taghizadeh-Hesary, F., Rasoulinezhad, E. and Yoshino, N. (2024). A Modern Guide to Energy Economics. Edward Elgar Publishing Nersesian, Roy L., (2016) Energy Economics Markets, History and Policy, Routledge, ISBN 9781138858374
Bolton, R., (2022) Making Energy Markets: The Origins of Electricity Liberalisation in Europe, Palgrave Macmillan Cham ISBN 978-3-030- 90074-8
Several articles published in relevant journals.
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Teaching Methodologies and Assessment Criteria |
Teaching is face-to-face, consisting of theoretical-practical classes. The reference bibliography supports the syllabus. The teacher proposes applications and case studies for debate, as well as contact with other professionals through the promotion of open classes. The student is accompanied in the creation, presentation, and discussion of a “research paper”. Learning activities also include regular office hours, by appointment and by email.
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Language |
Portuguese. Tutorial support is available in English.
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