ECN380 Energy Markets and Regulation
Showing course contents for the educational year starting in 2019 .
Course responsible: Olvar Bergland
ECTS credits: 10
Department: School of Economics and Business
Teaching language: EN
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: 2009V
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.
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.
Lecture series on selected topics, exercises and project work.
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.
ECN301 Econometric Methods, ECN302 Mathematics for Economists, ECN311 Microeconomics III, ECN312 Industrial Organisation.
Approved project report. An approved project report is valid for 2 years. No re-examination.
Oral examination (100%)
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 (firstname.lastname@example.org) 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