COURSE UNIT TITLE

: ENERGY ECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ERA 2304 ENERGY ECONOMICS ELECTIVE 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

Offered to

Economics
Economics

Course Objective

To evaluate the principles of energy economics and related policy applications

Learning Outcomes of the Course Unit

1   To be able to analyze how energy (oil and gas) drives the global and local economy
2   To be able to evaluate challanges of transformation beyond the dominance of energy sector
3   To be able to assess the issues of resource management, climate change mitigation and adaptation and energy
4   To be able to analyze basic economics concepts for analyzing renewable energy development
5   To be able to explain major criteria used in policy discussions (e.g. efficiency, energy security, sustainability)

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Basic of energy economics and policy, energy analysis, economics and policy
2 Basics of energy economics and policy, externality
3 Major fossil-fuel energy options: World Coal Market, National and international coal markets, market structure
4 major fossil-fuel energy options: introductions to petroleum industry, origins of hydrocarbons
5 major fossil-fuel energy options: world oil market, international oil market: major players
6 major fossil-fuel energy option: world oil market, key drivers of oil demand
7 major fossil-fuel energy options: natural gas market, natural gas industries: organization, players and supply (value) chain
8 Midterm
9 Midterm
10 Major fossilfuel energy options: LNG industry, global LNG market characteristics
11 Energy policy issues, the environment - KYOTO, climate change, externalities of conventional fuels
12 Energy policy issues, alternative energy, overview of renewable technology
13 Energy policy issues, alternative energy, discussion of policies for renewables
14 Energy poilcy issues, energy efficiency and conservation

Recomended or Required Reading

Jon M. Conrad, Resource Econmics, Cambridge University Press
Carol Dahl, Internatioan Energy Markets, PennWell
Oil Market Basics, Energy Information Administration
BP Statistical Review of World Energy

Planned Learning Activities and Teaching Methods

A home assignment will be provided to clarify methods of analysis and the application of course ideas with data if available. The class will discuss and academic article or a case study. Some weeks there will be multiple articles or cases discussed. Students will form groups and at least one group per week will be in charge of leading the discussion. Participation in the in-class exercise and in the course will count towards the assesment. The final examination will be comprehensize and it will include short answer, essay and multiple choice sections.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 STT TERM WORK (SEMESTER)
2 MTE MIDTERM EXAM
3 MTEG MIDTERM GRADE STT * 0.40 + MTE * 0.60
4 FIN FINAL EXAM
5 FCG FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60


Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparations before/after weekly lectures 12 2 24
Preparations for midterm exam 1 6 6
Preparations for final exam 1 10 10
Preparing assignments 1 10 10
Preparing presentations 1 10 10
Reading 1 2 2
Field Study 7 2 14
Final Exam 1 1 1
Midterm 1 1 1
TOTAL WORKLOAD (hours) 114

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.111
LO.21
LO.311
LO.411
LO.51

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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