COURSE UNIT TITLE

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISTEMI BERK

Offered to

Economics (English)

Course Objective

The main aim of this course is to introduce the economic aspects of supply and demand in global energy markets. It examines the dynamics of primary energy, fossil fuel and renewable, and secondary energy, electricity, markets in detail. It also covers the topics such as energy demand, the linkages between energy and economic performance, the role of government, public policies, taxes and subsidies and social welfare. The course is designed to teach students to establish connections between most important issues in global energy markets and theoretical and applied aspects of economics science.

Learning Outcomes of the Course Unit

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Recomended or Required Reading

Carol A. Dahl, International Energy Markets: Understanding Pricing, Policies, and Profits, Tulsa: Pennwell, 2004.
There will also be some recommending readings for each topic. List of material will be provided later.

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Presentations

Assessment Methods

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define the current energy market trends and principle economic aspects of energy supply and demand.
2. The learner will define microeconomic models related with markets of different energy sources.
3. The learner will identify the linkages between energy and macroeconomic performance.
4. The learner will identify governments role in energy markets and public policies towards energy markets.

Language of Instruction

English

Course Policies and Rules

Attending at least 70 percent of lectures is mandatory.

Contact Details for the Lecturer(s)

Asst. Prof. Dr. Istemi Berk

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes