ISCTE-IUL > Education > DEc

Energy Economics (1 º Sem 2017/2018)

Code:	03113
Acronym:	03113
Level:	3rd Cycle
Basic:	No
Teaching Language(s):	English
Friendly languages:

Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.

Semester	ECTS Credits	Theoretical Lesson (T)	Theoretical and Pratical Lesson (TP)	Practical and laboratorial lesson (PL)	Seminary (S)	Field Work (TC)	Training Period (E)	Tutorial Orientation (OT)	Contact Hours	Autonomous Work	Others (O)	Total Load Hours [?]Contact Hours + Autonomous Work
1	6.0	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	6.0 h/sem	6.0 h/sem	144.0 h/sem	0.0 h/sem	150.0 h/sem


Since year	2017/2018
Pre-requisites	Intermediate microeconomics
Objectives	The main purpose of this course is to enable students with the advanced theoretical and empirical knowledge on energy economics.
Program	S1. Energy Data and Energy Balance S2. Energy Demand and Supply S3. Energy Pricing and Taxation S4. Energy Security S5. Overview of Global Energy Challenges S6. Energy and the Environment S7. Regulation of Energy Industries
Evaluation Method	The evaluation of the unit takes place in two periods: Regular (1.st Season) and Re-sitting (2.nd Season). a) Regular Season: Continuous Assessment: - Report concerning the state of art of the literature on a specific topic in the scientific area of the curricular unit: 50%; - Report proposing research avenues on the same area of the previous report: 25%; - Oral presentation of the two previous reports: 10%; - Oral discussion: 15%. b) Re-sitting: Written exam (100%)
Teaching Method	To achieve the learning outcomes, the following learning-teaching methodologies (LTM) will be used: LTM1. Tutorial orientation: 1.5 hours for an initial meeting with the student to discuss the state of art and the research challenges in the scientific area; three progress meetings (1.0 hour/meeting); 1.5 hours for a final meeting with oral presentation and discussion of the assignments developed by the student. LTM2. Self-study, related with autonomous work by the student.
Observations	-
Basic Bibliographic	Nota: pela natureza da UC, não se efetua a distinção entre bibliografia básica e complementar, devendo ser considerada indiferentemente. Banks, Ferdinand (2015), Energy and Economic Theory, New Jersey: World Scientific. Narbel, Patrick and Jan Hansen (2014), Energy Technologies and Economics, Springer. Bhattacharyya, Subhes (2011), Energy Economics: concepts, issues, markets and governance, London: Springer-Verlag. Conkling, Roger (2011), Energy Pricing: economics and principles, Berlin: Springer. Kneese, Allen and James Sweeney (1985-1993), Handbook of Natural Resource and Energy Economics, Amsterdam: Elsevier Science Publishers.
Complementar Bibliographic	Pilipovic, D. (2007), Energy Risk: Valuing and Managing energy derivatives, McGraw-Hill, New York, 2nd Edition. Dahl, Carol A. (2004), International Energy Markets: Understanding Pricing, Policies, and Profits, Tulsa, Pennwell. Kirschen, Daniel and Goran Strbac (2004), Fundamentals of power system economics, John Wiley & Sons, Ltd. Eydeland, A. and K. Wolyniec (2003), Energy and Power Risk Management, John Wiley & Sons, Inc., Hobokrn, New Jersey, 1st Edition. Midttun, A. (1997), European Electricity Systems in Transition: a Comparative Analysis of Policy and Regulation in Western Europe, Elsevier Science Ltd. Adelman, M.A. (1986), Scarcity and World Oil Prices, Review of Economics and Statistics, August, pp. 387-397. Amstrong, M.; Doyle, C. and J. Vickers (1996), The Access Pricing Problem: A Synthesis, Journal of Industrial Economics, 2, June, pp. 131-149. Hotelling, H. (1931), The Economics of Exhaustible Resources, Journal of Political Economy, April, pp. 137-175. Solow, R. (1974), The Economics of Resources and the Resources of Economics, American Economic Review, vol. 64, nº2, pp.1-14. Baumol, W. Panzar, J. and R. Willig (1982), Contestable Markets and the Theory of Industrial Structure, San Diego, Harcourt Brace Jovanovich Publishers. Joskow, P.L. (1997), Restructuring, Competition and Regulatory Reform in the U.S. Electricity Sector, Journal of Economic Perspectives, vol. 11, issue 3, pp. 119-138. Laffont, J.J, Rey, P. and Tirole, J. (1998), Network Competition: Overview and Non Discriminatory Pricing (1) Price Discrimination (2), Rand Journal of Economics, vol. 29, issue 1, pp. 1-37 and 38-56. Pindyck, F. (1999), The Long-run Evolution of Energy Prices, The Energy Journal, vol. 20, issue 2, pp. 1-27. Vickers, J. (1995), Competition and Regulation in Vertically Related Markets, Review of Economic Studies, 62, pp. 1-17. Joskow, P.L. (1998), Electricity Sectors in Transition, The Energy Journal, vol. 19, Nº. 2, pp. 25-52. Newberry, D.M. (1997), Privatisation and Liberalisation of Network Utilities, European Economic Review, vol. 41, pp. 357-383. Palmer, K. and D. Burtraw (1997), Electricity Restructuring and Regional Air Pollution, Resources and Energy Economics, 19, pp. 139-174. Schelling, T.C. (1998), The Environmental Challenges of Power Generation, The Energy Journal, vol. 19, issue 2, pp. 115-124. Finley, Mark (2011), The Oil Market to 2030 ? Implications for Investment and Policy, Economics of Energy and Environmental Policy, vol. 1, Nº. 1. Ruhl, C.; Appleby, P.; Fennema, J.; Naumov, A. and M. Schaffer (2012), Economic Development and the demand for energy: A Historical Perspective on the Next 20 Years, Energy Policy, vol. 50, November, pp. 109-116. OECD/IEA (2016), World Energy Outlook: Special Report on Energy and Climate Change, International Energy Agency, Paris, France. BP (2016), BP Statistical Review of World Energy 2016, London, United Kingdom. BP (2015), Energy Outlook 2035, London, United Kingdom.