ENERGY ECONOMICS - 2017/8
Module code: ECO3012
HUNT LC Prof (Economics)
Number of Credits
FHEQ Level 6
Module cap (Maximum number of students)
Overall student workload
Lecture Hours: 22
|Assessment type||Unit of assessment||Weighting|
|Coursework||PROJECT (3000 WORD LIMIT) COURSEWORK||50%|
|Examination||2 HOUR EXAMINATION||50%|
Prerequisites / Co-requisites
This module examines the fundamentals of energy economics from both the demand and supply side – covering appropriate economic theory, empirical studies, and policy issues.
expose students to the core concepts of energy and train them to be able to analyse the economics of energy.
|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|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Indicative content includes:
Energy Data and Energy Balance.
Energy Markets and Pricing.
Economics of Fossil Fuels: oil, gas and coal.
Economics of Electricity.
Economics of Renewable Energy Supply.
Regulation of Energy Industries.
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
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 for ENERGY ECONOMICS : http://aspire.surrey.ac.uk/modules/eco3012
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.