Energy Economics
A.Y. 2021/2022
Learning objectives
This course provides an introduction to the principles of energy economics, with a focus on policy applications. It explores the theoretical and empirical perspectives on individual and industrial demand for energy, energy supply, energy markets, and public policies affecting energy markets. It discusses aspects of the oil, natural gas, electricity, renewables, and nuclear power sectors and examines energy tax, price regulation, deregulation, energy efficiency and policies for controlling emissions.
Expected learning outcomes
At the end of the course students will able to analyze energy-related issues from an economic perspective using the economist's toolbox. Students will be able to identify the energy problem and its economic consequences and to suggest the policy measures to deal with it. They are expected to be able to autonomously analyze an economic problem involving energy resources in a rigorous way, explain the main concepts of energy economics, autonomously develop further knowledge related to energy, and communicate economic analyses on energy and natural resources.
Lesson period: First semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Lesson period
First semester
Course syllabus
Starting from the theory of exhaustible resources (based on the marginalistic and neoclassical economic theory), the course will analyze the main determinants of energy demand, the way in which the energy balance is constructed, the stock sources price formation, the difference between reserves and resources, as well as the fundamental national and international energy policy issues. According to the latter issue the recent energy markets liberalization process, its outcomes and constraints will be analysed, together with the main initiatives aimed at promoting decarbonization and an increasing recourse to renewable energy sources.
Features and functioning of power, oil and gas markets, will be highlighted, paying particular attention to access pricing models to energy transport and distribution essential facilities and to the development of biofuels markets in the transport sector.
Features and functioning of power, oil and gas markets, will be highlighted, paying particular attention to access pricing models to energy transport and distribution essential facilities and to the development of biofuels markets in the transport sector.
Prerequisites for admission
None
Teaching methods
Frontal lectures, 48 hours
Teaching Resources
Slides and suggested readings uploaded on Ariel
Assessment methods and Criteria
Written examination
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 48 hours
Professor:
Dorigoni Susanna