363-0514-00L Energy Economics and Policy
| Semester | Spring Semester 2019 |
| Lecturers | M. Filippini |
| Periodicity | yearly recurring course |
| Language of instruction | English |
| Comment | It is recommended for students to have taken a course in introductory microeconomics. If not, they should be familiar with microeconomics as in, for example,"Microeconomics" by Mankiw & Taylor and the appendices 4 and 7 of the book "Microeconomics" by Pindyck & Rubinfeld. |
| Abstract | An introduction to principles of energy economics and applications using energy policies: demand analysis, economic analysis of energy investments and cost analysis, economics of fossil fuels, economics of electricity, economics of renewable energy, market and behavioral failures and energy policy, market-based and non-market based instruments and regulation of energy industries. |
| Objective | The students will develop the understanding of economic principles and tools necessary to analyze energy issues and to formulate energy policy instruments. Emphasis will be put on empirical analysis of energy demand and supply, market failures, behavioral economics, energy policy instruments, investments in power plants and in energy efficiency technologies and the reform of the electric power sector. |
| Content | The course provides an introduction to energy economics principles and policy applications. The core topics are -Demand analysis -Behavioral analysis of the energy sector -Economic analysis of energy investments and cost analysis -Economics of fossil fuels -Economics of electricity -Economics of renewable energies -Market failures and energy policy -Market oriented and non-market oriented instruments -Regulation of energy industries |
| Prerequisites / Notice | It is recommended for students to have taken a course in introductory microeconomics. If not, they should be familiar with microeconomics as in, for example, "Microeconomics" by Mankiw & Taylor and the appendices 4 and 7 of the book "Microeconomics" by Pindyck & Rubinfeld. |