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  6. BU5053: Introduction to Energy Economics

BU5053: INTRODUCTION TO ENERGY ECONOMICS (2014-2015)

Last modified: 28 Jun 2018 10:27


Course Overview

None.

Course Details

Study Type Postgraduate Level 5
Term First Term Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Professor Euan Phimister

What courses & programmes must have been taken before this course?

None.

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

Introduction to energy markets

Oil: History of the world oil market, Natural resource depletion, Hubert Curve and Peak Oil. OPEC.  Electricity:  Industry Structure, Ownership, Regulation and Reform in the UK. 

 

Understanding Markets   Introduction to the Economics of Consumer and Producer Behaviour Oil Supply and Demand Curves Price Determination: Recent oil market behaviour.

Wholesale Electricity Markets:   Peaking Load Prices and Market Efficiency.  “Missing Money” Problem.    Understanding UK Electricity Market Reform.   

 

Investment Appraisal Techniques and Project Evaluation.  The Economics of Renewable Energy Projects: Project Economics in Petroleum Economics and the role of the Government :   

 

Energy and the Environment:  Market Failure and Global warming.  


Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

First attempt: Two hour written examination (80%). 

Individual coursework assignment of up to 2000 words (20%).

Resit: 100% two hour written examination capped at CAS 9.

Formative Assessment

There are no assessments for this course.

Feedback

None.

Course Learning Outcomes

None.
 

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