energy markets course

Greater ability to objectively analyze, evaluate, and form a judgment on potential business or policy approaches. Exam registration requires that class registration is approved in the same semester. The course covers eight modules, each expected to take one to two hours to complete. Credits:  We assume that students have a foundation in selected areas of finance and optimization, comparable to a Master of Science in Industrial Economics and Technology Management. Different analytical concepts will be introduced to support a well-founded economic analysis of the sectors, such as game theory and institutional economics (contract theory). Emphasis is put on the relationship between technical and economic features in natural gas and electricity markets. The courseuses a electricity market game as a central teaching tool. Position and function in the PhD program: The course is meant for PhD students in management science, broadly defined. The College of Earth and Mineral Sciences is committed to making its websites accessible to all users, and welcomes comments or suggestions on access improvements. The course includes a number of rounds of our spot market trading game which simulates the process by which traders submit offers to generate into the market each half hour. The course covers eight modules, each expected to take one to two hours to complete. : 1 The course will also help develop skills in the following areas. TIØ4117 Microeconomics and TIØ4126 Optimization and Decision Support for Industrial Business Planning. Version: 1 Apply mathematical and statistical skills to frame data into a critical analysis of topic from the various materials provided, Be able to accurately gather, analyze, and report data using various software, Interactive class sessions require the use and development of communication skills, Through case studies students learn management decision making and strategic thinking, Acknowledge the differences that exist between the cultures and be open to the idea of changing cultural attitudes, Central to the course are ethics and environmental responsibility of all stakeholders, Grading will be based on the total score out of 100, in line with CEU’s standard grading guidelines, 1          Class participation                                  20%, 2          Quizzes                                                 30%, 3          Final research paper                              50%, Copyright © Central European UniversityPostal Address Austria: Central European University Private University | Quellenstraße 51 | A-1100 Wien, Austria | Vienna Commercial Court | FN 502313 x Homework assignments are graded approved/not approved. It will link the technical characteristics of the value chains to the market organization. This course will help you understand the functioning of energy markets as the necessary first step to promotion of the energy transition. One part of the PhD class on Energy Markets provides an in-depth overview of the main economic models of energy markets. : 1 Read more. You can choose from the additional readings given for each session or freely select an academic paper on the course topics (you may be the author or not). The other part of the class will focus on the energy resource markets for coal, oil, and natural gas. The other part of the class will focus on the energy resource markets for coal, oil, and natural gas. TIØ4117 Microeconomics, TIØ4126 Optimization and Decision Support for Industrial Business Planning, and TIØ4145 Corporate Finance. Examples include a wide range of countries, scope, settings, and analytical approaches. Covid-19: both Vienna-Quellenstrasse 51 and Budapest-Nador complexes have undergone a phased reopening. We offer in-class training course on energy and finance related topics such as “Renewable Energy Financing & Modelling”, “Energy Project Finance”, "Renewable Energy Power Purchase Agreements" and "Using PVSyst for Energy Yield Analysis".Further courses are in preparation or can be tailored to client's requirements. The final exam is joint for Parts I and II. Each presentation is graded approved/not approved, and is a condition in order to be admitted to the final exam. - have knowledge about theory of investment under uncertainty in energy projects. * The location (room) for a written examination is published 3 days before examination date. Author: Seth Blumsack, Assistant Professor of Energy Policy, Department of Energy and Mineral Engineering, College of Earth and Mineral Sciences, The Pennsylvania State University. | 1051 Budapest, Hungary. This website provides the primary instructional materials for the course. The training courses are animated by Enerdata experts Department of Industrial Economics and Technology Management, For more information regarding registration for examination and examination procedures, see "Innsida - Exams", Norwegian University of Science and Technology, Department of Industrial Economics and Technology Management, Managerial Economics, Finance and Operations Research, Industrial Economics and Technology Management. The course focuses on how market-driven optimization of the value chains and production resources of energy companies can be modelled and how energy markets work and form prices. The European Union will be examined in depth, from the formation of the Oil and Steel Community to the Energy Union, and how energy policies, regulations and infrastructure have changed over time. It will give the students in-depth knowledge and a competence foundation making them able to participate in research processes so they can develop new knowledge within the area.After following this course the student should:- have knowledge about regulation and market mechanisms in electricity and gas markets.- have knowledge about theory of investment under uncertainty in energy projects.- be able to model advanced energy systems and markets and use these models for analysis.- be able to discuss advanced features of energy market design.- be able to model and discuss the links between markets and the physical characteristica of underlying technologies. This course offers greater knowledge in operations of gas and electricity markets and key players in the EU, external EU neighborhood and role in changes to EU energy security options, and the role of energy regulations and regulators. Given at course start-up. Grade: Letters, Examination arrangement: Oral examination Relevance. Specifically we build on courses having subjects such as optimization under uncertainty, equilibrium models (microeconomics) and real options analysis. Uncertainty in market prices and resource availability is handled with a basis in … This courseware module is part of Penn State's College of Earth and Mineral Sciences' OER Initiative. The course modules are: The EMTP has recently been completely revised and a fully updated is online per February 2020. In general, these are questions related to the mandatory reading. One part of the PhD class on Energy Markets provides an in-depth overview of the main economic models of energy markets. Additionally, edX offers the option to pursue verified certificates in energy courses. You will learn about the various costs of the electric industry’s core activities, how electricity is priced, the various ways that electric markets are structured, how these market structures determine which power plants are dispatched to produce electricity when, and how recent changes in generator fuel prices, generation technology, market regulations, and environmental regulations are transforming both Electric Industry Markets and Operations. The course discusses different models for analysis of energy markets and how energy companies adjust to these. Canvas, Penn State's course management system, is used to support the delivery of this course, as well, as it provides the primary communications, calendaring, and submission tools for the course. - be able to discuss advanced features of energy market design. The course will offer detailed insights into the markets’ value chains and challenges. -2, Solar Energy: Integration of Photovoltaic Systems in Microgrids. For each course day (except the very first one), you are given assignments to be prepared in advance. Specifically we build on courses having subjects such as microeconomics, equilibrium models (microeconomics) and real options analysis. Study level: Doctoral degree level, Term no. Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. After following this course the student should: - have knowledge about regulation and market mechanisms in electricity and gas markets. The assessment will be composed of four elements: Graded approved/not approved, and is a condition in order to be admitted to the final exam. By using the European electricity market as an example, you will obtain a deeper understanding of its principles and effectiveness. This course is about a holistic and in-depth view of the EU’s energy sector from Economics, International Relations to Policy Study. Credits:  Required reading has to be prepared for each class, and recommended reading will additionally be provided. Energy Markets of Today ... Find courses on nuclear energy, solar energy, mechanics, thermodynamics, potential energy, kinetic energy and more. If more than one room is listed, you will find your room at Studentweb. The course can be followed online if the student has a valid reason (approved by the program director) for not being able to show up for class. This is a course on how energy and environmental markets work, and the regulatorymechanisms that have been and can be used to achieve desired policy goals. In addition to the main course text, there is a notepad with additional information on each … The course audience is PhD students having an interest in computational equilibrium models, energy and environment in the interface between energy economics and technical systems analysis, and investment under uncertainty. Uncertainty in market prices and resource availability is handled with a basis in financial theory and in methods of operations research. Scientific articles and selected literature. Training: What we offer. The Pennsylvania State University © 2020, ACADEMIC INTEGRITY AND CITATION STYLE GUIDE, Renewable Energy and Sustainability Systems degree program, Lesson 2 - Markets for Refined Petroleum Products, Lesson 4 - Unconventional Natural Gas Development, Lesson 5 - Introduction to the Electricity Industry, Lesson 6 - Restructuring and Deregulation in the Electric Power Industry, Lesson 7 - Economic Challenges in the Integration of Renewable Resources, Lesson 9 - Discounted Cash Flow Models and Metrics for Evaluating Energy Projects, Lesson 10 - Project Decisions Under Uncertainty, Lesson 11 - Corporate Finance and the Discount Rate, Lesson 12 - Taxes, Subsidies, and Incentives for Renewable Energy Resources, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, Department of Energy and Mineral Engineering, Department of Materials Science and Engineering, Department of Meteorology and Atmospheric Science, Earth and Environmental Systems Institute, iMPS in Renewable Energy and Sustainability Policy Program Office, BA in Energy and Sustainability Policy Program Office, 2217 Earth and Engineering Sciences Building, University Park, Pennsylvania 16802, Lesson 1, The Global Market for Crude Oil, Lesson 2, Markets for Refined Petroleum Products, Lesson 4, Unconventional Natural Gas Development, Lesson 5, Introduction to the Electricity Industry, Lesson 6, Restructuring and Deregulation in the Electric Power Industry, Lesson 7, Economic Challenges in the Integration of Renewable Resources, Lesson 9, Discounted Cash Flow Models and Metrics for Evaluating Energy Projects, Lesson 10, Cost Benefit Analysis and Project Decision-Making, Lesson 11, Discounted Cash Flow Models for Energy Projects, Lesson 12, Taxes, Subsidies, and Incentives for Renewable Energy Resources.

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