COURSE UNIT TITLE

: ENERGY ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4420 ENERGY ECONOMICS ELECTIVE 3 0 0 6

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISTEMI BERK

Offered to

Economics

Course Objective

This course examines economic theory, empirical perspectives, and political economy of energy supply and demand. It discusses aspects of local, national, and global markets for oil, natural gas, coal, electricity, nuclear power, and renewable energy; and examines public policies affecting energy markets including taxation, price regulation and deregulation, energy efficiency, and control of emissions.

Learning Outcomes of the Course Unit

1   Demonstrate understanding of basic economic concepts that underlying energy production and end use.
2   Identify how local, regional, and global institutions affect energy markets and prices
3   Become familiar with historical and contemporary public policy issues related to energy globally.
4   Be able to apply this knowledge to analysis of specific energy industries and policy questions

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 2001 - MICROECONOMICS I
ECO 2003 - MACROECONOMICS I

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 An Introduction: Scientific background and basics of global energy system
2 Economics of Primary Energy Supply: Fossil Fuels
3 Internaional Crude Oil Markets
4 Natural Gas Markets
5 Market Power and Price Formation
6 Economics of Renewable and Alternative Energy Supply
7 Renewable Energy Technologies: Technoeconomic Analysis
8 Electricity Market
9 Energy Demand Analysis
10 Energy and Macroeconomic Performance
11 Government's Role in Energy Markets
12 Economics of Energy and Environment Interactions
13 Net Zero Emission Targets and Energy Sector
14 Financial Markets and Energy Commodities

Recomended or Required Reading

Carol A. Dahl, International Energy Markets: Understanding Pricing, Policies, and Profits, Tulsa: Pennwell, 2004.
Subhes C. Bhattacharrya, Energy Economics: Concepts, Issues, Markets and Governences, London: Springer, 2011.
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

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define the main features of energy markets.
2. The learner will define supply and demand for products in energy markets.
3. The learner will identify the government s role in energy market.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

Assoc. Prof. Dr. Istemi Berk
e-mail: istemi.berk@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 3 42
Preparation for midterm exam 1 25 25
Preparation for final exam 1 30 30
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 143

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.135
LO.244
LO.35
LO.4454