ENERGY ECONOMICS - 2021/2
Module code: ECO3012
In light of the Covid-19 pandemic, and in a departure from previous academic years and previously published information, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2020/21.
These changes include the implementation of a hybrid teaching approach during 2020/21. Detailed information on all changes is available at: https://www.surrey.ac.uk/coronavirus/course-changes. This webpage sets out information relating to general University changes, and will also direct you to consider additional specific information relating to your chosen programme.
Prior to registering online, you must read this general information and all relevant additional programme specific information. By completing online registration, you acknowledge that you have read such content, and accept all such changes.
This module examines the fundamentals of energy economics from both the demand and supply side – covering appropriate economic theory, empirical studies, and policy issues.
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
Prerequisites / Co-requisites
Indicative content includes:
- Energy data and energy balance.
- Economic appraisal of energy projects.
- Introduction to different energy types.
- Energy Demand.
- Energy Policy.
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||1 hour mid-term test||30|
|Examination||2 hour examination||70|
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.
- Ensure all students have been exposed to the basic core components of energy economics
|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|
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 for ENERGY ECONOMICS : http://aspire.surrey.ac.uk/modules/eco3012
Programmes this module appears in
|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|
|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.