|Module label||Resource and Energy Economics|
|Credit points||6.0 KP|
|Institute directory||Department of Business Administration, Economics and Law (Business Administration and Business Education)|
|Applicability of the module||
|Skills to be acquired in this module||
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).
The course deals with the following subjects: Resource economics - Economics of sustainable resource use, methods of resource economics, non-renewable resources, renewable resources Energy economics - Markets and regulation: competitive markets as efficiency benchmark; market failures as a rationale for regulation - Fundamentals of energy system/market analysis: definitions and concepts; energy statistics and balances; elasticities and incidence of policy interference - Market imperfections and regulatory design: environmental externalities, imperfect competition - Electricity markets: supply, demand, market interactions, market failures and regulatory responses Methods of teaching: The course is designed as a lecture that teaches the relevant methods, concepts and models and illustrates them with reference to practical examples.
Roger Perman et al.: Resource and Environmental Economics, Pearson 2003.
John Hartwick, Nancy Olewiler: The Economics of Natural Resource Use, 2nd edition, Addison Wesley 1997;
Carol Dahl: International Energy Markets, PennWell 2004;
Steven Stoft, Power System Economics : Designing Markets for Electricity, New York 2002;
IEA: World energy outlook, annual.
Knut Sydsaeter, Peter Hammond: Essential Mathematics for Economic Analysis, Pearson.
|Language of instruction||English|
|Duration (semesters)||1 Semester|
|Type of module||je nach Studiengang Pflicht oder Wahlpflicht|
|Type of course||Comment||SWS||Frequency||Workload of compulsory attendance|
|Total module attendance time||56 h|
|Examination||Examination times||Type of examination|
|Final exam of module||