ENERGY ECONOMICS - 2021/2
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
Workshop Hours: 11
Independent Learning Hours: 106
Guided Learning: 11
Captured Content: 12
Module Availability
Semester 1
Prerequisites / Co-requisites
None
Module content
Indicative content includes:
- Energy balances, energy indicators and energy security
- Energy policies, renewables and electricity
- Energy efficiency and rebound Effects
- Economic appraisal of the energy projects
- Introduction to different energy types
Assessment pattern
| Assessment type | Unit of assessment | Weighting |
|---|---|---|
| Oral exam or presentation | ASSESSMENT 1: GROUP PRESENTATION | 5 |
| Online Scheduled Summative Class Test | ASSESSMENT 2: MCQ TEST | 30 |
| Project (Group/Individual/Dissertation) | ASSESSMENT 3: GROUP PROJECT | 65 |
Alternative Assessment
N/A
Assessment Strategy
The assessment strategy is designed to provide students with the opportunity to demonstrate that they have understanding of the energy issues in terms of the accounting, data analysis and economics as well as a grasp of the core components of energy economics. It will also give the students the opportunity to demonstrate their ability to develop their understanding of a relevant energy topic, and transfer skills and knowledge to empirical and real world aspects of energy economics.
Module aims
- Ensure all students have been exposed to the core components of energy economics and relevant empirical studies
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 |
| 006 | Be familiar with empirical research in energy economics | KCPT |
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 and different types of empirical studies in the field.
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
Other information
As part of introducing different empirical studies in energy economics, some studies using econometrics will be discussed in relation to wider energy implications, however the use of econometrics method is not a requirement for this module and/or assessments.
Programmes this module appears in
| Programme | Semester | Classification | Qualifying conditions |
|---|---|---|---|
| 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 |
| 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 |
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 2021/2 academic year.