Energy Economics - Not offered in AY 2022-23

Undergraduate Program Status

Course Level: 
Bachelor's
Campus: 
Vienna
Course Open to: 
Students on-site
Term: 
Winter
US Credits: 
2
ECTS Credits: 
4
Course Description: 

This course is an introduction into energy economics as well as to general energy policy with emphasis on the European Union. It covers a variety of theoretical and empirical topics related to energy demand, energy supply, energy prices, environmental consequences of energy consumption and production, and various public policies affecting energy demand, supply, prices, and environmental effects.

The aims are:

  • Develop a holistic understanding of EU internal and external market connections
  • Gain knowledge of policy and regulatory structure within the EU and national energy markets
  • Create understanding of interplay of competition and monopolies in energy markets
  • Strategic decision making of firms within competitive national markets and the EU
  • Importance of energy geopolitics on EU and national energy markets
  • Cross-disciplinary approach to education and how multiple perspectives join in the policy and business realm
Learning Outcomes: 
  •  

Learning Outcome

Assessment

Activities

Estimated Workload

Greater knowledge in:

  • Operations of gas and electricity markets and key players in the EU
  • External EU neighborhood and role in changes to EU energy security options
  • Role of energy regulations and regulators

 

How do European energy markets work?

Final paper

presentation

10 hours

Research and analysis skills. Greater ability to conduct research, organize data and analyze potential business or policy approaches.

Final paper 2000 words, 50% of grade

report

30 hours

Critical thinking skills.

Blogs and reading group presentations 30% and (10%x 2) 20%

Blogs and presentation

60 hours

Class and lectures

attendance

lectures

20 hours

Total hours

 

 

120 hours