Dokuz Eylül University Information Package / Courses Catalog

Description of Individual Course Units

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

Offered By

ECONOMICS (UOLP-SUNY ALBANY)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISTEMI BERK

Offered to

ECONOMICS (UOLP-SUNY ALBANY)

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

UEC 2003 - MACROECONOMICS I
UEC 2001 - MICROECONOMICS 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	International 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.

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

Further Notes About Assessment Methods

1.Midterm
2.Final
3.Presentation

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)

To be announced.

Office Hours