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This Course Unit covers the theory and some empirical aspects of the energy economy.
It deals with questions concerning the thinking and economic decision in the field of energy.
This Course Unit aims then to enable students of the SEM Department :
Fundamentals of energy economics (O. Ionescu)
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 mix and energy balance sheet (O. Ionescu/H. Khalfallah)
Structure a reflection on a question of energy saving
Know how to read and interpret an energy balance
Basics of energy investments (O. Ionescu/H. Khalfallah)
Make an economic calculation of investment choices
Organization of energy markets and networks (O. Ionescu)
The course focuses on the regulation of network industries with a particular focus on the electricity markets. More particularly, it addresses the pricing issues and the economic mechanisms mobilized for the activation of electricity demand and their efficiency in terms of consumption.
Economics of climate change (O. Ionescu/O. Blanchard)
identify and master the theoretical concepts and fundamental principles of environmental economics
identify, evaluate and propose policy alternatives to climate change
identify the actors, the institutions and the stakes of the international negotiations on climate changebetter understand the positions, interests and relationships of a range of actors in the context of the Paris Agreement
Basis of economy
For SGB Students:Moyenne de l'UE / Course Unit grade = ER 60% (Written evaluation on Economics of climate change and microeconomics of energy) + EN 40% ( oral presentations, tutorial assignements and homeworks, other continuous assessment)
For SEM Students: Moyenne de l'UE / Course Unit grade = 45% ER + 55% EN
For SGB Students: Moyenne de l'UE / Course Unit grade = 60% ER + 40% EN
The exam is given in english only
The course exists in the following branches:
Course ID : 4EUS3EE3
You can find this course among all other courses.
Kirschen, Daniel Sadi; Strbac, Goran. Fundamentals of power system economics. Chichester [etc.]: John Wiley & Sons, cop. 2004. ISBN 0470845724.
Hansen, JP, Percebois, J, Energie : Economie et politiques 3ème ed, Mai 2019
Date of update February 8, 2017