ENERGY ECONOMICS - 2022/3

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

JACs code: L100

Module cap (Maximum number of students): N/A

Overall student workload

Workshop Hours: 11

Independent Learning Hours: 106

Guided Learning: 11

Captured Content: 22

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
Oral exam or presentation 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
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
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 2022/3 academic year.