MySchool

Department of Engineering
Dean:	Dr. Ármann Gylfason
Email:	ru@ru.is
Website:	http://www.ru.is/tvd
Teachers	View

MSc in Sustainable Energy Science - Iceland School of Energy
Semesters:	4
Years:	2
ETCS:	120
About major	MSc í orkuvísindum er nám hannað fyrir nemendur með ólíkan bakgrunn, t.d. viðskiptafræði, raunvísindi eða félagsvísindi sem hafa áhuga á að skilja samspil tækni, hagfræði og stefnumótunar á sviði endurnýjanlegrar orku.
Learning Outcomes	View

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	Mandatory course on major		Teaching language
	Optional course on major		Prerequisites for course

Vorönn/Spring 2024

Energy Study Trip

ISE-04

ECTS 3

Environmental Law

L-808-UMHR

ECTS 7,5

Power Plant Design

SE-815-PPE

ECTS 6

Geothermal Science I

SE-829-GS1

ECTS 5

Geothermal Science II

SE-829-GS2

ECTS 5

Energy Financial Assessment

SE-833-FA2

ECTS 6

Economics of Energy Markets

SE-834-EM2

ECTS 6

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

Hydro Power Management

SE-834-HPM

ECTS 6

Project Management and Strategic Planning