Module code: ECO3012

Module provider


Module Leader

HUNT LC Prof (Economics)

Number of Credits


ECT Credits



FHEQ Level 6

JACs code


Module cap (Maximum number of students)


Module Availability

Semester 2

Overall student workload

Lecture Hours: 22

Assessment pattern

Assessment type Unit of assessment Weighting
Examination 2 HOUR EXAMINATION 50%

Alternative Assessment


Prerequisites / Co-requisites


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 aims

expose students to the core concepts of energy and train them to be able to analyse the economics of energy.

Learning outcomes

Attributes Developed
Have knowledge of the UK, and world energy situation. K
Understand the economic fundamentals of energy demand and supply. KC
Understand the economic fundamentals underpinning most energy types. KC
Be familiar with the important theoretical work that underpins the study of energy economics. KC
Appreciate the important energy policy issues. KPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content

Indicative content includes:

Energy Data and Energy Balance.
Energy Demand.
Energy Markets and Pricing.
Economics of Fossil Fuels: oil, gas and coal.
Economics of Electricity.
Economics of Renewable Energy Supply.
Regulation of Energy Industries.
Energy Policy.

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

ensure that all students are exposed


The learning and teaching methods include:

2 hour lectures x 11 weeks

Assessment Strategy

The assessment strategy is designed to ensure that students understand the basic skills and knowledge, applying them in a written essay and developing deeper knowledge and skills for the final examination.


Thus, the summative assessment for this module consists of:

Project worth 50% of the total module mark consisting of a 3,000 word individual take-home essay on topics related to environmental policy

All elements of the project have the benefits of consolidating knowledge and allowing students to plan how they will deal with the demands of the final examination

Full 2-hour final examination.


Formative assessment and feedback

The essay marks are returned within two/three weeks with written comments as feedback.

Reading list

Reading list for ENERGY ECONOMICS :

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 2017/8 academic year.