Surrey University Stag

ENERGY ECONOMICS AND TECHNOLOGY - 2023/4

Module code: ECOM026

Module Overview

This module introduces the fundamentals and empirical aspects of energy economics and technology to students.  Students will learn about both the energy demand and energy supply side – covering appropriate economic theory, empirical and case studies, policy issues and softer technological aspects.

Module provider

Economics

Module Leader

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

Overall student workload

Workshop Hours: 11

Independent Learning Hours: 117

Lecture Hours: 11

Captured Content: 11

Module Availability

Semester 2

Prerequisites / Co-requisites

None

Module content

Indicative content includes:


  • Energy balances and statistics

  • Major energy and environmental policies

  • Economics of renewable energy

  • Energy efficiency and rebound effects

  • Economic appraisal of the projects

  • Energy technologies

  • Sample empirical studies in energy economics


Assessment pattern

Assessment type Unit of assessment Weighting
Oral exam or presentation PRESENTATION 25
Project (Group/Individual/Dissertation) PROJECT 75

Alternative Assessment

NA

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of the core components of energy economics and technology, and  their ability to transfer skills and knowledge to empirical and real world aspects of energy economics.

 

Thus, the summative assessment for this module consists of:


  • Individual presentation worth 25% of the final grade

  • Individual project worth 75% of the final grade



The above assessments are directly related to all five pillars of this module.

Formative assessment and feedback

During the workshops, students receive feedback on their answers, and guidance on how these answers could be improved in relation to presentation/project. Students are provided with some exercises related to the lecture material which they solve independently to practice the applications and receive the guideline answers/feedback online. Students receive verbal feedback before their presentation/project during office hours. 

Students will receive feedback after their presentation to help them improve their final project. Students will receive short feedback after project submission.

Module aims

  • Expose students to the core components and empirical aspects of energy economics and technology
  • Prepare students for the study of energy economics or relevant fields at higher university levels
  • Prepare students for careers in the field of energy, environment, and sustainability
  • Prepare students for independent work, critical thinking, and creativity

Learning outcomes

Attributes Developed
001 Systematically understand and analyse the overall energy situation in a country/world KPT
002 Systematically understand, use or evaluate the economic fundamentals underlying energy demand and supply, and the technologies underpinning the energy industry KCT
003 Having critical awareness of the important energy policy issues K
004 Students will be able to do a systematic empirical research related to energy economics and technology 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 as follows:

Lectures are designed to ensure that students are exposed to the core components of energy economics and technology.

Workshops are complementary to lectures. They are designed to help students to understand the application of the energy economics and technology fundamentals in the real world and empirical studies.

Students will also receive additional time with the lecturer to discuss their projects.

The learning and teaching methods include:


  • Lectures, which are recorded and disseminated as captured content

  • Workshops


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

Other information

In line with the University's curriculum framework, the School of Economics is committed to developing graduates with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability and Resourcefulness and Resilience. This module is designed to allow students to develop knowledge, skills, and capabilities in the following areas:

Resourcefulness and resilience

Students in this module will develop their understanding, skills, independent study, critical thinking and creativity through assessments and feedback. Presentation feedback provides you with the opportunity to revise your preliminary work on a real-world project and improve its content.

Digital capability

Students in this module will develop their online search for using academic and non-academic resources, and searching and collecting online quantitative data sources for using in presentation and project assessments. Students will also improve their use of Excel for processing quantitative data and graphs, Word for project submission, PowerPoint and Zoom or similar software/app for their presentations.

Global and cultural capability

Energy situation around the world, real world examples and case study/research paper examples will be utilised in this module which will build students global capabilities.

Sustainability

This module is directly related to sustainability issues. Students will gain knowledge about reducing emissions through clean energy supply and reducing energy demand while considering fuel poverty issues to maintain living standards. 

Employability

This module will prepare students, through case studies, real world discussions and assessments, with skills and knowledge for energy related jobs and further academic study in Energy Economics or related programmes.

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Economics MSc 2 Optional A weighted aggregate mark of 50% is required to pass the module
Nanotechnology and Renewable Energy MSc 2 Optional A weighted aggregate mark of 50% is required to pass the module
Renewable Energy Systems Engineering MSc 2 Optional A weighted aggregate mark of 50% is required to pass the module
Petroleum Refining Systems Engineering MSc 2 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 2023/4 academic year.