Course code ECN380

ECN380 Energy Markets and Regulation

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Showing course contents for the educational year starting in 2018 .

Course responsible: Olvar Bergland
ECTS credits: 10
Department: 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) regulation of network providers through dynamic yardstick competition; 2) measuring efficiency with DEA (data envelopment analysis) and SFA (stochastic frontier analysis); 3) organization of energy markets; 4) modeling of energy markets; 5) stochastic production planning in hydropower systems; and 6) investments under uncertainty.
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.
Syllabus:
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.
Prerequisites:
BUS220 Finance and Investment, ECN201 Econometrics/ECN202 Introduction to Econometrics, ECN280 Energy Economics, ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare.
Recommended prerequisites:
ECN301 Econometric Methods, ECN302 Mathematics for Economists, ECN311 Microeconomics III, ECN312 ndustrial Organisation.
Mandatory activity:
Approved project report. An approved project report is valid for 2 years. No re-examination. 
Assessment:
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 30 hours of lectures, and 10 hours of organized project work.
Note:
-
Examiner:
The external examiner is used to evaluate course content and to assess the final examination.
Examination details: Oral exam: A - E / Ikke bestått

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