EMPIRICAL METHODS IN ENERGY ECONOMICS - 2017/8

Module code: ECOM036

Module provider

Economics

Module Leader

CHITNIS M Dr (Economics)

Number of Credits

15

ECT Credits

7.5

Framework

FHEQ Level 7

JACs code

L110

Module cap (Maximum number of students)

N/A

Module Availability

Semester 2

Overall student workload

Independent Study Hours: 128

Lecture Hours: 22

Assessment pattern

Assessment type Unit of assessment Weighting
Coursework COURSEWORK - INDIVIDUAL, TAKE HOME, EQUIVALENT TO APPROXIMATELY 2,500 WORDS. 25
Examination 2 HOUR EXAMINATION 75

Alternative Assessment

Not applicable

Prerequisites / Co-requisites

Undergraduate degree in economics or equivalent. ECOM026 (Energy Economics and Technology), ECOM042 (Econometrics I) and ECOM043 (Econometrics II) are pre- and co-requisites for this module

Module overview

This module will examine a number of empirical methods used by energy economists to model and analyse energy demand, supply, regulation and policy.

Module aims

introduce key empirical methods used by energy economists.

Learning outcomes

Attributes Developed
Have an understanding of various empirical methods used in energy economics KC
Be able to critically appraise academic research using applied energy economics techniques CPT
Be able to apply and use various empirical energy economics methods in research and/or policy analysis CPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content

Indicative content includes:


Decomposition analysis of energy consumption
Econometric modelling of energy demand
Econometric modelling of the (in)efficiency network utilities – gas and electricity.
Modelling of energy efficiency

Methods of Teaching / Learning

The learning and teaching strategy is designed to ensure that all students are exposed to some of the key methods employed in the empirical economic analysis of energy.

The learning and teaching methods include:


lectures and
some practical sessions.

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate that students can adequately undertake an applied piece of empirical modelling of energy demand and have a depth of knowledge and understanding at the masters level on various aspects of empirical modelling of energy economics.

Thus, the summative assessment for this module consists of:


Individual, take home coursework assignment whereby each student is required to collect data for a particular sector of a particular OECD country from the IEA databank and conduct statistical and econometric analysis (equivalent to approximately 2,500 words). Typically submitted in sometime between weeks 7 and 10
A two hour examination in weeks 13-15.


Formative assessment and feedback is provided by detailed written comments on the submitted assignment.

Reading list

Reading list for EMPIRICAL METHODS IN ENERGY ECONOMICS : http://aspire.surrey.ac.uk/modules/ecom036

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
Energy Economics and Policy MSc 2 Compulsory 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 2017/8 academic year.