- Study programme and level:The joint doctoral study programme Governance and Economics in the Public Sector (third cycle)
- 2nd year
- 5 ECTS
- Course type: Elective course
- Lectures: 20
- Seminar: 20
- Other forms of study: 20
- Individual work: 90
- Lecturer: Nela Vlahinić, PhD
1. Objectives and competences
- Use the most important knowledge and skills needed for successful economic analysis in the field of energy economics.
- Distinguishe the characteristics of different energy markets.
- Apply economic methods in evaluating energy projects.
- Apply the tools for energy price risk management.
- To understand the importance and role of energy sector in economic growth of national economies.
- To understand the importance of economic planning and management in energy sector.
- To critically evaluate characteristics, market structures, regulatory practice and risks in different energy markets.
- To understand the energy price risks and manage the risks by using modern financial tools and financial derivatives.
- To forecast the energy prices by knowing the market specifics and by using modern financial methods.
2. Content (Syllabus outline)
- The role of energy sector for the economy
- Energy markets (oil, gas, coal, electricity, renewable energy sources)
- Energy balances and energy indicators (on global and EU level)
- Energy sector reforms (restructuring, liberalization, privatization)
- Institutional settings and regulation of energy markets
- EU energy policy and the Third energy package
- Energy strategy and policy
- Vlahinić-Dizdarević, Nela i Žiković, Saša, Ekonomija energetskog sektora: Izabrane teme, Ekonomski fakultet u Rijeci, 2011.
- Carol A. Dahl, 2008, Međunarodna tržišta energije: Cijene politike i profiti, Kigen, Zagreb
- Jean-Michel Glachant and Francois Leveque, 2009, Electricity Reform in Europe: Towards a Single Energy Market, Edward Elgar
- Jean-Marie Chevalier (Ed.), 2009, The New Energy Crisis, Palgrave Macmillan
4. Intended learning outcomes
5. Learning and teaching methods
- Lectures and seminars in class room; individual study and research work of students.
- Lectures – contemporary topics in the field of energy economics are presented.
- Seminars – students present topics and results of their research work.
- Individual study for the exam.
Written exam 100%