EMPIRICAL METHODS IN ENERGY ECONOMICS - 2020/1
Module code: ECOM036
This module will examine a number of empirical methods used by energy economists to model and analyse energy demand, supply, regulation and policy.
CHITNIS Mona (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: L110
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Undergraduate degree in economics or equivalent. ECOM026 (Energy Economics and Technology), ECOM042 (Econometrics I) and ECOM043 (Econometrics II) are pre- and co-requisites for this module
Indicative content includes:
- Decomposition analysis of energy consumption
- Econometric modelling of energy demand
- Econometric modelling of the (in)efficiency network utilities – gas and electricity.
- Modelling of energy efficiency
|Assessment type||Unit of assessment||Weighting|
|Coursework||COURSEWORK - INDIVIDUAL, TAKE HOME, EQUIVALENT TO APPROXIMATELY 2,500 WORDS.||25|
|Examination||2 HOUR EXAMINATION||75|
The assessment strategy is designed to provide students with the opportunity to demonstrate that students can adequately undertake an applied piece of empirical modelling of energy demand and have a depth of knowledge and understanding at the masters level on various aspects of empirical modelling of energy economics.
Thus, the summative assessment for this module consists of:
- Individual, take home coursework assignment whereby each student is required to collect data for a particular sector of a particular OECD country from the IEA databank and conduct statistical and econometric analysis (equivalent to approximately 2,500 words). Typically submitted in sometime between weeks 7 and 10
- A two hour examination in weeks 13-15.
Formative assessment and feedback is provided by detailed written comments on the submitted assignment.
- Introduce key empirical methods used by energy economists.
|001||Demonstrate a systematic understanding and critical awareness of various empirical methods used in energy economics||KC|
|002||Critically evaluate academic research using applied energy economics techniques||CPT|
|003||Apply knowledge and use of various empirical energy economics methods in research and/or policy analysis||CPT|
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 some of the key methods employed in the empirical economic analysis of energy.
The learning and teaching methods include:
- lectures and
- some practical sessions.
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 for EMPIRICAL METHODS IN ENERGY ECONOMICS : http://aspire.surrey.ac.uk/modules/ecom036
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.