3035 Energy Economics
Content
- 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
Objectives and competences
Students:
- 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.
Competences
- 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.