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  6. BU555H: Economics of Energy Transition

BU555H: ECONOMICS OF ENERGY TRANSITION (2024-2025)

Last modified: 29 Jul 2024 16:16


Course Overview

Focusing on sustainability and innovation, this course offers a comprehensive understanding of economic aspects shaping the transition to cleaner energy sources. Uncover the essence of market failure within the energy sector, dissect the economic implications of environmental policies and scrutinise strategies for an inclusive transformation of the energy sector. Delve into the economic dynamics of electricity markets, evaluating the impact of energy transition on pricing and market structures.

Course Details

Study Type Postgraduate Level 5
Term Second Term Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Nikolaos Vlassis

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

  • Any Postgraduate Programme (Studied)

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

This course explores pivotal topics shaping the global energy landscape, providing students with the knowledge and skills to adeptly navigate the economic challenges and opportunities inherent in energy transition. Students will cultivate a nuanced understanding of the economic implications and policy considerations related to key facets of the energy transition. These encompass market failure, environmental policy, renewable energy sources, decarbonisation of fossil fuels, electricity markets, just transition, and decarbonisation of transportation. Through the course, students will develop analytical proficiency, enabling them to assess both the economic opportunities and challenges posed by renewable energy sources. They will also explore the intricacies of regulatory frameworks, critically evaluating the role of policy in fostering an inclusive and sustainable energy transition.

Focused Areas of Study:

  • Market Dynamics and Failure: Explore the intricacies of energy market dynamics, understanding how economic inefficiencies can impede the transition to sustainable energy sources. Through real-world case studies, students will identify instances of market failure and develop strategies to rectify these challenges.
  • Environmental Policy and Economic Impact: Investigate the pivotal role of environmental policy in shaping the energy transition. Analyse the economic implications of environmental regulations on businesses and the broader energy sector.
  • Renewable Energy and Technological Shifts: Delve into the economic viability and challenges of various renewable energy sources. Examine strategies for the decarbonisation of fossil fuels, considering the economic implications. Explore the role of technological innovations and governmental policies in fostering a just transition towards cleaner energy alternatives.
  • Electricity Markets and Regulatory Frameworks: Analyse the economic principles governing electricity markets, evaluating their impact on pricing dynamics during the energy transition. Explore the intricate relationship between renewable energy integration, market structures, and regulatory frameworks, shaping the economic landscape of electricity markets.

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

Exam

Assessment Type Summative Weighting 60
Assessment Weeks Feedback Weeks

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Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Essay

Assessment Type Summative Weighting 40
Assessment Weeks Feedback Weeks

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Feedback

Feedback will be provided with the use of a rubric

 Word Count 1500
Learning Outcomes
Knowledge LevelThinking SkillOutcome
ProceduralAnalyseAnalyse the economic and policy challenges and opportunities of energy transition

Formative Assessment

There are no assessments for this course.

Resit Assessments

Exam

Assessment Type Summative Weighting 100
Assessment Weeks Feedback Weeks

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Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ConceptualAnalyseUnderstand and analyse the economic aspects of climate change and the drivers of energy transition
ConceptualAnalyseAnalyse the interlink between sustainable energy markets and energy transition
ProceduralAnalyseAnalyse the economic and policy challenges and opportunities of energy transition
ProceduralEvaluateApply economic concepts to analyse and evaluate how an inclusive energy transition can be achieved
 

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