First term
Second term
Both terms
Not organised
This year
Next year
Alternating years
External
Prerequisites
Taught by
Language of instruction
Duration
Identical coursesAims
This course aims to provide an understanding of the economic aspects of energy, while introducing or refreshing microeconomic concepts that can be of wider use.
It will help you to:
1. Understand and assess events on global energy markets
2. Make, or contribute to, business and policy decisions related to energy
3. Work as an engineer in multidisciplinary teams that involve economists
Previous knowledge
- Knowledge of basic microeconomics (market balance, supply and demand curves, perfect competition and monopoly, discounted cash flow analysis)
- Knowledge of calculus and mathematical optimisation
Is included in these courses of study
- Master in de ingenieurswetenschappen: energie (Leuven) 120 ects.
- Master in de ingenieurswetenschappen: werktuigkunde (programma voor studenten gestart vóór 2024-2025) (Leuven) 120 ects.
- Master of Engineering: Energy (Leuven) 120 ects.
- Master of Nanoscience, Nanotechnology and Nanoengineering (Leuven) 120 ects.
- Courses for Exchange Students Faculty of Engineering Science (Leuven)
- Master of Mechanical Engineering (Leuven) 120 ects.
- EIT-KIC Master in Energy (Leuven et al) (Option: Energy for Smart Cities) 120 ects.
- Master of Materials Engineering (Leuven) 120 ects.
- Erasmus Mundus Master of Science in Nanoscience and Nanotechnology (Leuven et al) 120 ects.
- Master of Electrical Engineering (Leuven) 120 ects.
- Master of Electrical Engineering (Leuven) (Power Systems and Automation) 120 ects.
- Master of Civil Engineering (Leuven) 120 ects.
- Master in de ingenieurswetenschappen: bouwkunde (Leuven) 120 ects.
Activities
3 ects. Energy Economics (B-KUL-H04C4a)
Content
1. Introduction to environmental and resource economics
2. Economics of sustainability, climate change and international energy policy
3. Characteristics and modelling of primary energy markets (oil, natural gas, coal)
4. Economic aspects of electricity markets with and without renewable energy
Course material
Study cost: 26-50 euros (The information about the study costs as stated here gives an indication and only represents the costs for purchasing new materials. There might be some electronic or second-hand copies available as well. You can use LIMO to check whether the textbook is available in the library. Any potential printing costs and optional course material are not included in this price.)
Core resources:
- Textbook "Energy Economics", Edition 2019, by Pepermans / Morbee / Ovaere / Proost
- Slides used for the lectures
Additional resources:
- Papers from scientific literature
- Statistics
- Background material from previous editions of the course
- Microeconomics textbook (for those without a sufficient background in economics)
Evaluation
Evaluation: Energy Economics (B-KUL-H24C4a)
Explanation
Open-book, written exam, in which students are requested to solve novel economic problems/questions related to the course material