Energy Economics

This course provides an introduction to the principles of energy economics, with a focus on policy applications. It explores the theoretical and empirical perspectives on individual and industrial demand for energy, energy supply, energy markets, and public policies affecting energy markets. It discusses aspects of the oil, natural gas, electricity, renewables, and nuclear power sectors and examines energy tax, price regulation, deregulation, energy efficiency and policies for controlling emissions.

At the end of the course students will able to analyze energy-related issues from an economic perspective using the economist's toolbox. Students will be able to identify the energy problem and its economic consequences and to suggest the policy measures to deal with it. They are expected to be able to autonomously analyze an economic problem involving energy resources in a rigorous way, explain the main concepts of energy economics, autonomously develop further knowledge related to energy, and communicate economic analyses on energy and natural resources.