Course code ECN380

ECN380 Energy Markets and Regulation

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Showing course contents for the educational year starting in 2019 .

Course responsible: Olvar Bergland
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: 2009V
Preferential right:
Course contents:
The course covers central issues concerning energy markets and economic regulation in the energy sector. Specific topics include: 1) organization of energy markets; 2) regulatory, operational and commercial aspects of electricity markets; 3) regulation of network providers through dynamic yardstick competition; 4) measuring efficiency with DEA (data envelopment analysis) and SFA (stochastic frontier analysis); and 5) modeling of energy markets. Challenges to energy markets from new renewable resources, new technologies and new business models.
Learning outcome:
The students shall acquire knowledge about and experience with the use of economic analysis tools as applied to economic and political issues in the energy sector.
Learning activities:
Lecture series on selected topics, exercises and project work.
Teaching support:
Open office 2 hours/week.
Selected parts of Førsund (2007): 'Hydropower Economics', Coelli (2005) 'An Introduction to Efficiency and Productivity Anlaysis'. The reading list will be handed out at the first lecture.
ECN280 Energy Economics, ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare, BUS220 Finance and Investment (or RØP330), ECN201 Econometrics.
Recommended prerequisites:
ECN301 Econometric Methods, ECN302 Mathematics for Economists, ECN311 Microeconomics III, ECN312 Industrial Organisation.
Mandatory activity:
Approved project report. An approved project report is valid for 2 years. No re-examination. 
Oral examination (100%)
Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Reduction of credits:
Type of course:
About 40 hours of lectures, and 8 hours of organized project work.
The course is in English. Incoming students can contact student advisors at the School of Economics and Business ( for admission to the course. 
The external examiner is used to evaluate course content and to assess the final examination.
Examination details: Oral exam: A - E / Ikke bestått