Economics of Energy Markets

Course	SE-834-EM2
Semester	20241
ETCS	6
Core	No

Year	1. year
Semester	Spring 2024
Level of course	5. Second cycle, intermediate
Type of course	Elective
Prerequisites	R-M4, Energy Economics
Schedule	No schedule found.
Lecturer	Ewa Ryszarda Lazarczyk Carlson
Content
The course is concerned with economics of energy markets. It applies various branches of economics, such as resource and environmental economics, industrial organisation (game theory) and finance to study international fossil fuel markets; regulation and competition in energy markets (market power, market power monitoring and deregulation issues); theory and experience of liberalised electricity markets and last, but not least, environmental policies for energy markets and their impacts, including market based mechanisms to control pollution from energy use.
Learning outcome - Objectives
The aim of the course is to deepen students understanding of economic concepts related to energy. The course builds on the knowledge acquired in the Introduction to Energy Economics course. By the end of the course students should possess the following knowledge, skills and competences: Knowledge: • Have an understanding of concepts, key drivers in energy markets and terminology, among others: different electricity market models, nodal pricing, zonal pricing, uniform auction, merit order dispatch; • Knowledge of chosen public policies concerning environment. Skills: • Ability to retrieve, understand and present energy related data (from energy databases) • Ability to discuss different economic concepts relating to energy markets Competences: • Understanding of how different energy markets function; • Deeper understanding of chosen topics relating to energy markets. • Have developed the necessary learning skills and independence for further studies in energy economics. • Have developed the necessary understanding of economics concepts, which will allow him/her to follow and participate in public debates and analysis of energy related issues
Course assessment
No assessment found.
Reading material
No reading material found.
Teaching and learning activities
No activities found.
Language of instruction	English