ENERGY ECONOMICS AND TECHNOLOGY - 2021/2
Module code: ECOM026
Module Overview
To introduce the fundamentals of energy economics and technology for all students, being the core first module for the MSc Energy Economics & Policy degree.
Module provider
Economics
Module Leader
CHITNIS Mona (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 130
Lecture Hours: 20
Module Availability
Semester 1
Prerequisites / Co-requisites
Undergraduate degree in economics or suitable alternative
Module content
Indicative content includes:
- Energy balances and statistics
- Energy technology
- Economic appraisal of the projects
- Introduction to the economics of Natural Resources
- Introduction to the economics of different energy types (Coal, Oil, Gas, Electricity, etc.)
- Introduction to the economics of energy,natural resources and the environment
- Introduction to important energy and environment policies
Assessment pattern
| Assessment type | Unit of assessment | Weighting |
|---|---|---|
| Coursework | COURSEWORK- INDIVIDUAL TAKE HOME ASSIGNMENT EQUIVALENT TO APPROXIMATELY 1,800 WORDS | 30 |
| Examination | 2 HOUR EXAM | 70 |
Alternative Assessment
Not applicable.
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, economics and technology as well as a broad grasp of the basic core components of energy economics and technology.
Thus, the summative assessment for this module consists of:
- Individual take home assignment requiring each student to download data from the IEA databank for a specific OECD country and to manipulate, tabulate, produce graphs for statistical analysis and comment on energy policies (equivalent to approximately 1,800 words), typically submitted in week 8
- an examination of two hours in weeks 13-14.
Formative assessment and feedback is provided by detailed written comments on the submitted assignment
Module aims
- ensure all students have been exposed to the basic core components of energy economics and technology.
Learning outcomes
| Attributes Developed | ||
| 001 | Systematic understanding and analysis of the UK and world energy situation | K |
| 002 | Systematic understanding and evaluation of the technologies underpinning the energy industry | K |
| 003 | Systematic understanding of the economic fundamentals underpinning most energy types | KC |
| 004 | Systematic understanding of the important theoretical work that underpin the study of energy economics and natural resources | C |
| 005 | Critical awareness of 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 exposed to the basic core components of energy economics and technology.
The learning and teaching methods include:
- 2 hour lectures (with some class discussion) x 10 weeks
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: ECOM026
Programmes this module appears in
| Programme | Semester | Classification | Qualifying conditions |
|---|---|---|---|
| Nanotechnology and Renewable Energy MSc | 1 | Optional | A weighted aggregate mark of 50% is required to pass the module |
| Economics MSc | 1 | Optional | A weighted aggregate mark of 50% is required to pass the module |
| Renewable Energy Systems Engineering MSc | 1 | Optional | A weighted aggregate mark of 50% is required to pass the module |
| Petroleum Refining Systems Engineering MSc | 1 | Optional | A weighted aggregate mark of 50% 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.