Program Overview

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Energy Economics - 4EUS3EE3

Overview

The Energy Economics course explores both theoretical and empirical aspects of the energy economy, addressing key questions related to economic reasoning and decision-making in the field of energy.

Goal(s)

The course aims to equip students with the ability to:

• Understand the role and importance of economic analysis in decision-making for major energy projects
• Apply core economic concepts to global energy challenges
• Acquire basic methods of economic modeling relevant to energy issues
• Develop a shared vocabulary and the capacity for multidisciplinary collaboration
• Strengthen critical thinking skills through engagement with academic literature

Responsible(s)

Oana IONESCU RIFFAUD

Content(s)

The course covers the following topics:

• Fundamentals of Energy Economics
• Energy Mix and Energy Balance Sheet
• Basics of Energy Investments
• Organization of Energy Markets and Networks
• Economics of Climate Change

Fundamentals of Energy Economics

This class aims to help students understand the importance of economic thinking in the energy sector. By the end of the course, students will be able to:

• Apply core economic concepts to global energy issues
• Analyze energy supply and demand using economic principles and graphical models
• Use mathematical tools to maximize revenue functions or minimize cost functions
• Develop a shared vocabulary and a multidisciplinary approach connecting energy and economics
• Identify and assess externalities associated with various market activities and their impact on the broader economy

Energy Mix and Energy Balance Sheet

Learning outcomes:

• Structure a coherent analysis around energy-saving issues
• Understand, read, and interpret an energy balance sheet

Basics of Energy Investments

Learning outcome:

• Perform economic calculations to assess and compare investment choices in the energy sector

Organization of Energy Markets and Networks

This course focuses on the regulation of network industries, with a special emphasis on electricity markets. It covers:

• Key pricing issues in regulated energy sectors
• Economic mechanisms used to activate electricity demand
• Evaluation of the efficiency of these mechanisms from a consumption and welfare perspective

Economics of Climate Change

Learning outcomes:

• Understand and apply the theoretical concepts and key principles of environmental economics
• Identify, evaluate, and propose policy instruments to address climate change
• Recognize the key actors, institutions, and challenges involved in international climate negotiations
• Analyze the interests, positions, and relationships of stakeholders within the framework of the Paris Agreement

Prerequisites

Basic Economic Concepts

Test

For SEM Students:

• Final exam (ET1) 45%: written exam on Economics of climate change and microeconomics of energy
• Continuous assessment (CC1) 55%: labworks Reports, oral presentations, tutorial assignements and homeworks, other continuous assessment

For international students in Exchange programs and the SGB Master's program:

• Final exam (ET1) 60%: written exam on Economics of climate change and microeconomics of energy
• Continuous assessment (CC1) 40%: oral presentations, tutorial assignements and homeworks, other continuous assessment

Calendar

The course exists in the following branches:

• Curriculum - Master inter SGB - Semester 7 (this course is given in English only)
• Curriculum - Master's Degree in Engineering SEM - Semester 7 (this course is given in English only)

Additional Information

Course ID: 4EUS3EE3 Course language(s): English

Bibliography

REFERENCES BIBLIOGRAPHIQUES

• Kirschen, Daniel Sadi; Strbac, Goran. Fundamentals of power system economics. Chichester [etc.]: John Wiley & Sons, cop. 2004. ISBN.
• Hansen, JP, Percebois, J, Energie : Economie et politiques 3鋗e ed, Mai 2019

French State controlled diploma conferring a Master's degree

This course is part of a French State controlled diploma conferring a Master's degree.