Stud.IP Uni Oldenburg
University of Oldenburg
04.12.2023 01:37:51
wir906 - Resource and Energy Economics (Complete module description)
Original version English PDF download
Module label Resource and Energy Economics
Module abbreviation wir906
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Business Administration and Business Education)
Applicability of the module
  • Master's Programme Water and Coastal Management (Master) > Socioeconomics
Responsible persons
  • Böhringer, Christoph (module responsibility)
  • Huse, Cristian (module responsibility)
  • Asane-Otoo, Emmanuel (module responsibility)
  • Asane-Otoo, Emmanuel (Module counselling)
  • Lehrenden, Die im Modul (Prüfungsberechtigt)
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).
Module contents
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.
Recommended reading
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
Module frequency yearly
Module capacity unlimited
Module level
Type of module je nach Studiengang Pflicht oder Wahlpflicht
Teaching/Learning method Lectures
Previous knowledge
Type of course Comment SWS Frequency Workload of compulsory attendance
Lecture 4 56
Total module attendance time 56 h
Examination Examination times Type of examination
Final exam of module
Written exam