ENERGY ECONOMICS - 2020/1
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
Economics
Module Leader
CHITNIS Mona (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 6
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 128
Lecture Hours: 22
Module Availability
Semester 1
Prerequisites / Co-requisites
None
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
N/A
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
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
https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: ECO3012
Programmes this module appears in
| Programme | Semester | Classification | Qualifying conditions |
|---|---|---|---|
| Politics and Economics BSc (Hons) | 1 | Optional | A weighted aggregate mark of 40% is required to pass the module |
| Economics and Mathematics 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 |
| Economics 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 2020/1 academic year.