Applied Energy Economics

Recommended Prerequisites

Econometrics

Microeconometrics

Macroeconometrics

Economic Policy.

Teaching Methods

Theoretical-practical lectures will approach theoretical lectures in the moments of exposure of concepts, theories and models; and will take the form of practical lectures when carrying out exercises and applied energy economics research.

Learning Outcomes

Objectives
1. Present of the theoretical foundations of energy economics
2. Analysis of energy restrictions
3. Analysis of energy markets
4. Present of the energy transition paradigm
Competencies
1. Characterise the disclosure of the preferences of the energy policymaker
2. Present of the main instruments of intervention in the energy sector
3. Collect and process energy information
4. Present, analyse and interpret energy data

Work Placement(s)

No

Syllabus

1. Introduction to Energy Economics
2. Energy supply and demand
3. The nexus energy consumption - economic growth
4. Energy sources: non-renewable versus renewable
5. Economics of fossil fuels
6. Economics of renewable energy
7. Economics of energy transition
8. Regulation in the energy sector
9. Energy markets and electricity markets
10. Energy dependence, climate change and renewable energy policies
11. Energy efficiency policies
12. Economic analysis of energy investments
13. Energy supply security and risk analysis
14. The extended nexus energy consumption - economic growth

Assessment Methods

Assessment
Exam: 50.0%
Mini Tests: 50.0%

Bibliography

Books
Bhattacharyya, S. C., Energy Economics, Concepts, Issues, Markets and Governance, 2nd ed., Springer, ISBN: 978-1-4471-7467-7, 2019.
Fuinhas, J. A., Koengkan, M., and Santiago, R., Physical Capital Development and Energy Transition in Latin America and The Caribbean,
Elsevier, ISBN: 978-0-12-824429-6, 2021.
Fuinhas, J. A., and Marques, A. C., The Extended Energy-Growth Nexus: Theory and Empirical Applications, Elsevier, ISBN: 978-
0128157190, 2019. COTA: 620.9 EXT
Menegaki, A., A Guide to Econometric Methods for the Energy-Growth Nexus, Academic Press, ISBN 978-0-12-819039-5, 2021.
Articles
Weiss, Martin and Newman, Alexandra M., “A guide to writing articles in energy science”, Applied Energy, 88(11), 2011, pp. 3941-3948.