ENERGY ECONOMICS AND TECHNOLOGY - 2018/9

Module code: ECOM026

Module Overview

To introduce the fundamentals of energy economics and technology for all students, being the core first module for the MSc Energy Economics & Policy degree.

Module provider

Economics

Module Leader

CHITNIS M Dr (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

JACs code: L110

Module cap (Maximum number of students): N/A

Module Availability

Semester 1

Prerequisites / Co-requisites

Undergraduate degree in economics or suitable alternative

Module content

Indicative content includes:


Energy balances and statistics
Energy technology
Economic appraisal of the projects
Introduction to the economics of Natural Resources
Introduction to the economics of different energy types (Coal, Oil, Gas, Electricity, etc.)
Introduction to the economics of energy,natural resources and the environment
Introduction to important energy and environment policies

Assessment pattern

Assessment type Unit of assessment Weighting
Coursework COURSEWORK- INDIVIDUAL TAKE HOME ASSIGNMENT EQUIVALENT TO APPROXIMATELY 1,800 WORDS 30
Examination 2 HOUR EXAM 70

Alternative Assessment

Not applicable.

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate that they have at least a basic understanding of the energy system in terms of the accounting, economics and technology as well as a broad grasp of the basic core components of energy economics and technology.

Thus, the summative assessment for this module consists of:


Individual take home assignment requiring each student to download data from the IEA databank for a specific OECD country and to manipulate, tabulate, produce graphs for statistical analysis and comment on energy policies (equivalent to approximately 1,800 words), typically submitted in week 8
an examination of two hours in weeks 13-14.


Formative assessment and feedback is provided by detailed written comments on the submitted assignment

Module aims

  • ensure all students have been exposed to the basic core components of energy economics and technology.

Learning outcomes

Attributes Developed
001 Systematic understanding and analysis of the UK and world energy situation K
002 Systematic understanding and evaluation of the technologies underpinning the energy industry K
003 Systematic understanding of the economic fundamentals underpinning most energy types KC
004 Systematic understanding of the important theoretical work that underpin the study of energy economics and natural resources C
005 Critical awareness of the important energy policy issues KPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Overall student workload

Independent Study Hours: 130

Lecture Hours: 20

Methods of Teaching / Learning

The learning and teaching strategy is designed to ensure that all students are exposed exposed to the basic core components of energy economics and technology.

The learning and teaching methods include:


2 hour lectures (with some class discussion) x 10 weeks

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

Reading list for ENERGY ECONOMICS AND TECHNOLOGY :

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Economics MSc 1 Optional A weighted aggregate mark of 50% is required to pass the module
Nanotechnology and Renewable Energy MSc 1 Compulsory A weighted aggregate mark of 50% is required to pass the module
Petroleum Refining Systems Engineering MSc 1 Optional A weighted aggregate mark of 50% is required to pass the module
Renewable Energy Systems Engineering MSc 1 Optional A weighted aggregate mark of 50% is required to pass the module
Nanotechnology and Renewable Energy (EuroMasters) MSc 1 Compulsory A weighted aggregate mark of 50% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2018/9 academic year.