Ense3 rubrique Formation 2022

- 6EUMEDE1

  • Number of hours

    • Lectures 28.0
    • Projects -
    • Tutorials -
    • Internship -
    • Laboratory works -
    • Written tests -

    ECTS

    ECTS 0.0

Goal(s)

The economics classes at ENSE3 are complementary to the "energy engineering “ classes
Objective: open students to socio-economic issues and challenges in the energy field

Responsible(s)

Oana IONESCU RIFFAUD

Content(s)

Fundamentals of Energy Economics (O.Ionescu, 2h CM)

This class aims to enable students to understand the importance of economic thinking in energy field. More particularly, the student will be able to:
• use economic concepts in a particular global issue related to energy field (opportunity cost, marginal cost, levelized cost of electricity, load curve etc)
• analyze economic principles and evolutions using energy supply and demand curves
• use mathematical concepts to maximize revenue function or minimize cost functions
• develop a common language and an aptitude for multidisciplinary between energy and economics
• characterize externalities related to different market activities and the impact on the economy

Energy Financial Markets (O.Ionescu, 20h CM)

This Course Unit aims then to enable students to discover the field of finance and identify the challenges of this sector and underlying mathematical tools like tools and methods used for different types of transactions related to energy markets for states and industrial users. Mainly, the students will be able to:
• understand the concepts and techniques of asset pricing and portfolio management.
• identify new market players and assess their role in a new market design
• compare and construct different strategies of energy trading and risk management
• practice through numerical illustration (Excel, Matlab)

Energy Investments under uncertainty (O.Ionescu, 10h CM)

This course aims to introduce students to theoretical aspects of dynamic optimization and considers implications of real options theory to decision-making process. Applications will focus on problems in energy and environmental economics.
• remind the classical approach of Net Present Value
• model a decision making-process related to energy investments under uncertainty
• contrast different investment strategies in order to choose the optimal one
• determine the optimal time to invest and the option value
• practice through numerical illustration (Excel, Matlab)

Test

The exam may be taken in french or in english FR FR

Calendar

The course exists in the following branches:

  • Curriculum - Mastère MME - Sem 11-12 (this course may be followed in french or in english FR EN)
see the course schedule for 2022-2023

Additional Information

Course ID : 6EUMEDE1
Course language(s): FR FR

You can find this course among all other courses.

Bibliography

Kirschen, Daniel Sadi; Strbac, Goran. Fundamentals of power system economics. Chichester [etc.]: John Wiley & Sons, cop. 2004. ISBN 0470845724.
Hull, J., "Options, futures et autres actifs dérivés", 5ième édition, Pearson Education
Hansen, JP, Percebois, J, Energie : Economie et politiques 3ème ed, Mai 2019
Inkpen, A., Moffett, M.H, The Global Oil & Gas Industry: Management, Strategy and Finance, 2011