mar743 - Energy and Climate Change Economy (Complete module description)

Module label	Energy and Climate Change Economy
Module code	mar743
Credit points	6.0 KP
Workload	180 h ( Kontaktzeit: 56 h, Selbststudium: 124 h )
Institute directory	Institute for Chemistry and Biology of the Marine Environment
Applicability of the module	Master's Programme Environmental Modelling (Master) > Mastermodule
Responsible persons	Böhringer, Christoph (Module counselling) Asane-Otoo, Emmanuel (Module counselling) Helm, Carsten (module responsibility)
Prerequisites	keine
Skills to be acquired in this module	Energy Economics - Understanding the (normative) problems of resource use - Rationales and instruments for policy intervention into (energy) markets - Command of analytical methods (incl. role of analytical and numerical models in policy analysis) - Ability to judge energy policy issues based on sound economic analysis (theory) - Ability to quantify the relevance of arguments (empirics). Economics of Climate Change Studierende erwerben die Fähigkeit, vor dem Hintergrund der naturwissenschaftlichen Grundlagen die ökonomischen Antriebskräfte des Klimawandels zu analysieren und regulatorisch-politische Lösungsansätze zu verstehen und zu bewerten. Sie verfügen über - Verständnis der grundlegenden Problemstellungen, - Verständnis der relevanten Konzepte, - Beherrschung der Analysemethoden, - Verständnis der intertemporalen und internationalen Anreizprobleme, - Verständnis der Instrumente der Klimapolitikfür die Regulierung von Energiemärkten.
Module contents	Energy Economics This course deals with the economic analysis of energy markets and their regulation. The following issues are covered: - Fundamentals of Energy Analysis - Energy Resources - The Coal Market – Perfect Competition - The Oil Market – OPEC Cartel - The Gas Market – Oligopoly - Introduction to Electricity Markets - Market Power in Electricity Markets - Investment in Reliability - Regulation of Electricity Markets Teaching language: English Economics of Climate Change: This course deals with economic causes of climate change and approaches, problems and impacts of climate change policy. The following issues are covered: - The Science of Climate Change - Why Climate Policy – Market Failure - Cost-Benefit and Inter-temporal Problems - International Cooperation - Instruments of Climate Policy - Climate Policy in Practice Teaching language: English
Recommended reading	Energy Economics and Economics of Climate Change Wird in den Veranstaltungen bekannt gegeben Will be announced in StudIP
Links
Languages of instruction	German, English
Duration (semesters)	1 Semester
Module frequency
Module capacity	unlimited
Reference text	Das Modul mar743 wird ab dem WiSe 2022/23 durch das Modul wir890 ersetzt.
Type of module	Wahlpflicht / Elective
Module level	MM (Mastermodul / Master module)
Teaching/Learning method	Wintersemester VL Energy Economics (3 KP) (SoSe) (VL Energy Economics wird nicht mehr angeboten, VL kann durch die Übung zu Economics of Climate Change (WiSe) ersetzt werden) VL Economics of Climate Change (3 KP) (WiSe)
Previous knowledge	Mikroökonomie

Examination	Prüfungszeiten	Type of examination
Final exam of module	Klausur am Ende der Veranstaltungszeit oder alle anderen möglichen nach Maßgabe der Dozentin oder des Dozenten	KL

Type of course	Lecture
SWS	4
Frequency	SuSe or WiSe
Workload attendance time	56 h