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.

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