ICM301-Energy Finance

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Summer term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Marcel Prokopczuk

Email: m.prokopczuk@icmacentre.ac.uk

Summary module description:

This module aims to provide students with an understanding of financial decision making in the context of the energy industry. The course will combine theoretical models with practical applications.

Assessable learning outcomes:
On completion of the module, students will be expected to be able to:

Assessable outcomes

•Understand the peculiarities of the energy companies and energy markets
•Understand the concept of real options in the context of energy investments
•Value energy projects using different methods
•Understand how to manage the risk of energy related companies and investments
•Have a solid understanding how to value energy related derivatives securities
•Understand the sources of energy project financing
•Have a understanding of current challenges in the context of renewable energy and carbon emissions reductions

Additional outcomes
Students will get experience in working with real world financial data and also experience how to conduct spreadsheet analysis. Moreover, they will be familiarized with several local issues related to energy markets around the world.

Additional outcomes:

Outline content:
-Energy markets: products, companies, production and consumption
-Capital budgeting in energy companies: real options analysis
-Financing of energy companies
-Energy derivatives valuation
-Risk management in energy companies
-Trading in energy markets
-Renewable energy markets
-Carbon trading
-Case studies in energy finance

Brief description of teaching and learning methods:
Lectures will be used for both, the exposition of theory and for demonstrating applications to real world problems. There will be 10 2-hour lectures. The techniques used to achieve the stated module objectives will consist of a combination of active teaching, question-answer sessions, problem solving, and class discussions.

Contact hours:
  Autumn Spring Summer
Lectures 20
Guided independent study 180
Total hours by term 200.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Project output other than dissertation 80
Class test administered by School 20

Other information on summative assessment:

Formative assessment methods:

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: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:

Requirements for a pass:

Reassessment arrangements:

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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