Energy Economics: Concepts, Issues, Markets And... ((HOT))
The book "Energy Economics: concepts,issues, markets and governance" has detailed chapters covering all basicaspects of energy economics. In essence, the author assesses the importance ofthe subject for the political economy in general. The idea of the book is alsoin line with a general evolution of energy economics, its main concepts andquestions. The impressive number of references provide a strong link withexisting literature on the energy economics, policies and markets and areuseful for those wishing to do further research into this area.
Energy Economics: Concepts, Issues, Markets and...
Due to diversity of issues and methods applied and shared with a number of academic disciplines, energy economics does not present itself as a self-contained academic discipline, but it is an applied subdiscipline of economics. From the list of main topics of economics, some relate strongly to energy economics:
Since the liberalisation of the energy sector, particularlyelectricity, its constituent parts have received distincttreatments, leading some segments to be opened to competition whileothers have remained as regulated natural monopolies. This courseintroduces students to analyse the different parts of the energysector from an economic perspective. In particular, it makes thestudents familiar with the models, modelling techniques, results,and applications of economic analysis to market competition andregulation of the energy markets and to the economics of energyresources, demand, and supply.
This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.
This comprehensive overview of local food systems explores alternative definitions of local food, estimates market size and reach, describes the characteristics of local consumers and producers, and examines early indications of the economic and health impacts of local food systems. There is no consensus on a definition of "local" or "local food systems" in terms of the geographic distance between production and consumption. But defining "local" based on marketing arrangements, such as farmers selling directly to consumers at regional farmers' markets or to schools, is well recognized. Statistics suggest that local food markets account for a small, but growing, share of U.S. agricultural production. For smaller farms, direct marketing to consumers accounts for a higher percentage of their sales than for larger farms. Findings are mixed on the impact of local food systems on local economic development and better nutrition levels among consumers, and sparse literature is so far inconclusive about whether localization reduces energy use or greenhouse gas emissions.
EC 132 Economics of Energy Markets. Analysis of energy markets and policy issues arising from our production and consumption of energy. Topics considered include the theory of depletable resources, measurement of energy externalities, market power in energy production, climate change and energy security. Prerequisites Economics 11; Economics 13 suggested.
EC 134 Resource and Environmental Economics and Policy. Research seminar for students interested in current research and thinking in the area of resource and environmental economics. Topics include: the future of fossil fuels, the potential for renewables such as solar and wind power, resource abundance and violent conflict, resource use and population dynamics, environmental regulation, pollution and water markets, and energy access and poverty. Discussion will be based on simple economic models as well as current empirical research. Tests, homework and term paper required. Prerequisites Economics 11.
In the course of this module, students gain deep insights into the value chain of energy trading. Thereto, the module covers the following topics: development of european and global energy markets; energy markets as fundament for risk management; risk management of company portfolios from the perspective of energy producers, consumers and traders; grid-bound energy sources electricity and gas supplemented by references on coal, crude oil and emission certificates.
Explores the geopolitical issues around energy security and trade by focusing on role of energy as the world's largest business and a strategic requirement of the modern nation-state, a source of power in international relations, and a major influence on national politics and institutions. This course equips students with the analytical skills to inform policy debates, advocate for the interests of principals, and advise policy makers and firms amid rapid changes in energy markets. Students learn both to produce sound empirical analysis by employing state of the art econometric techniques and to be discerning consumers of empirical research.
This course evaluates the political and economic determinants of oil and gas policies in developing countries and their impact on world markets, the interaction between states and oil companies, the challenges of oil wealth management, and the causal links between resource dependency, development, institutions, and political regimes. Although the main focus is on oil production, natural gas is also analyzed, and both are compared to other natural resources. Emphasis is on the analysis of institutional change and the functions of institutional change in the energy industry using data-driven methods to examine case studies. Must be in Masters of Energy Economics Program.
This course introduces key techniques from economics and finance to allowing understanding of the basics of business decision making within the energy industries and the economic implications of key energy policies. We consider basic financial concepts such as: present value, the opportunity cost of capital and their role in business decision making in energy industries. We also consider key economic elements of markets and how the economic environment structures the way in which businesses make decisions and energy market outcomes.
The accelerated pace of applying modern technology to improve production has been well demonstrated in the energy field and particularly in the petroleum industry during the past two decades. The change in productive capability has been manifested in expanding markets, new sources of supply, and increasing demands. As a result the impact on the markets, especially in the form of substituting one source of energy form for another, has been significant. There have also been significant changes in the regulations and procedures used to guide businesses', changes that include financial reporting, tax laws, regulatory agencies, authority and responsibility. Such changes suggest that a study of the underlying concepts of market structure, as well as the financial and business implications of improving technology is in order. This study would enable the economy to make better use of the more complex technology currently available. There is a necessity for the development and use of more advanced economic methodology to keep pace with technical progress. This methodology must be such progress. This methodology must be such that it evaluates costs and results in a manner that is consistent with both short- and long-run objectives of firms.
In the tenth paper [10], the authors highlight the role of theoretical assumptions of the methods employed in the literature of energy markets. They show that the mathematical definition of chaos and the theoretical background are able to avoid possible errors from misleading results on the ostensible chaoticity of the price series. The findings indicate that both chaotic and stochastic features coexist in the energy commodity markets, although the misuse of some tests in the established practice in the literature may say otherwise. 041b061a72