ECM183-Carbon and Renewable Energy Economics

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Spring term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Aynur Alptekin


Summary module description:
This module concentrates on the economic analysis of environment, carbon and renewable energy. Adjustments (for instance to a Lower Carbon Economy) are examined through the functioning of markets and the impact of regulation.

This module aims to introduce students to main theoretical and practical concepts that are used in the analysis of carbon and renewable sources of energy. It examines the role and necessary assumptions for markets to bring about a transition to renewable energy and links this to policy challenges around energy mix and low carbon transition. The module further examines the costs and benefits in terms of economic development from carbon based energy production in energy-rich countries.

Assessable learning outcomes:
By the end of the module, the student will be able to demonstrate an understanding and knowledge of:
• differences in key energy carriers and relevance for economic analysis;
• the possibilities and limitations of markets to deliver a low carbon transition.
• the role of carbon based energy/resource production in energy importing and energy rich countries.

Additional outcomes:
Through seminars students will develop their economic analysis and argumentation skills; presentation skills and team/group work.

Outline content:
Following an introductory overview of the global energy sector and consumption, key non-renewable and renewable energy carriers and main concepts relating to energy security and carbon related GHG emissions, a selection of topics from the following list will be covered:
• Transitioning to a low carbon economy – energy mix, markets and government.
• Transitioning to renewables under perfect market conditions – the potential of markets
• Transitioning to renewables the current case – actual market signals and their implication for switching to low carbon sources of energy
• Energy market liberalisation and integrated energy systems – prices as indicators and role of public policy
• Energy and growth in energy/resource rich countries

Brief description of teaching and learning methods:
Lectures will be used for the presentation of the concepts, analytical principles, and the methodology. Coursework is set to develop analytical and critical skills.

Contact hours:
  Autumn Spring Summer
Lectures 21
Guided independent study 159 20
Total hours by term 180.00 20.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Project output other than dissertation 40

Other information on summative assessment:
The written project (3000 words) will have a weight of 40% in the overall mark.

Formative assessment methods:
Student groups will be expected to lead on a seminar topic. Debate and feedback from the module convenor are intended to strengthen a student's understanding of each topic.
Students will give a presentation, which will not receive a separate mark, but they will receive feedback that can be used to strengthen the project submission.

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information:

Length of examination:
One 2-hour unseen written paper, intended to be comprehensive of everything covered in the module.
Postgraduate examinations are held in the Summer term.

Requirements for a pass:
A minimum weighted average mark of coursework and examination of 50%.

Reassessment arrangements:
Re-examination for all modules takes place in August/September of the same year.
Re-assessment is by examination only; coursework is not included at the second attempt.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

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