Module code: ECO3012

Module Overview

This module examines the fundamentals of energy economics from both the demand and supply side – covering appropriate economic theory, empirical studies, and policy issues.

Module provider


Module Leader

CHITNIS Mona (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

JACs code: L100

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

Module Availability

Semester 1

Prerequisites / Co-requisites


Module content

Indicative content includes:

Energy data and energy balance.
Economic appraisal of energy projects.
Introduction to different energy types.
Energy Demand.
Energy Policy.

Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test 1 hour mid-term test 30
Examination 2 hour examination 70

Alternative Assessment


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 and economics as well as a broad grasp of the basic core components of energy economics.

Thus, the summative assessment for this module consists of:

1 hour mid-term test 30% of the total module mark. The test will typically take place in week 8, timetable permitting.

Full 2-hour final examination 70% of total mark.

Formative assessment and feedback

After the mid-term test, the outline answers will be provided on SurreyLearn. 

Module aims

  • Ensure all students have been exposed to the basic core components of energy economics

Learning outcomes

Attributes Developed
001 Have knowledge of the UK, and world energy situation. K
002 Understand the economic fundamentals of energy demand and supply. KC
003 Understand the economic fundamentals underpinning energy types. KC
004 Be familiar with the important theoretical work that underpins the study of energy economics. KC
005 Appreciate 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: 128

Lecture Hours: 22

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

ensure that all students are exposed to the basic core components of energy economics.

The learning and teaching methods include:

2 hour lectures x 11 weeks

128 hours of guided independent study.

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 :

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Economics and Mathematics BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Economics BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Business Economics BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Economics and Finance BSc (Hons) 1 Optional A weighted aggregate mark of 40% 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 2019/0 academic year.