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DRPS : Course Catalogue : School of Engineering : Postgrad (School of Engineering)

Postgraduate Course: Energy and Environmental Economics (PGEE11001)

Course Outline
SchoolSchool of Engineering CollegeCollege of Science and Engineering
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits10 ECTS Credits5
SummaryThe aim of this course is to provide a theoretical grounding in economics from first principles, exploring the fundamental principles of efficiency in the distribution of resources in society. These principles are then applied in the fields of energy and the environment. No prior knowledge of economics is assumed.
Course description Course Outline:

1. Introduction to economic theories and principles
a. Introduction and definitions
b. Consumer behaviour
c. Firm behaviour
d. Equilibrium
e. Welfare theory

2. Environmental economics
a. Principles of environmental economics
b. Emissions regulation and other instruments
c. Environmental cost-benefit analysis

3. Energy economics
a. World energy markets
b. Electricity markets
c. Investment in and regulation of energy markets

Accreditation of Higher Education Programmes Learning Outcomes: SM2i, SM2b, SM6m, EA1i, D1i, D1, EL2, EL4i, EL4, P4i, G1, EL11m, G1
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Information for Visiting Students
High Demand Course? Yes
Course Delivery Information
Academic year 2020/21, Available to all students (SV1) Quota:  None
Course Start Semester 1
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 22, Formative Assessment Hours 1, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 73 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) Coursework (100%)
Feedback Not entered
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand and apply the main economic theories and concepts underlying environmental and energy economics, including the theories of consumer and producer behaviour, welfare theory, and theories of industry structure.
  2. Understand and reflect on different methods to value environmental goods, and on the use of these valuations in environmental cost-benefit analysis.
  3. Critically discuss previous, existing, and potential future pollution control measures.
  4. Understand and critically evaluate the functioning of different types of energy markets, future challenges to these markets, and their relevance to engineering problems.
  5. Describe and discuss important ethical issues in energy markets and environmental valuation, and their implications for good practice and policy.
Reading List
Stef Proost and Guido Pepermans (2016). Energy Economics. Acco, Leuven.
Additional Information
Course URL
Graduate Attributes and Skills Not entered
KeywordsNot entered
Course organiserDr Harry Van Der Weijde
Tel: (0131 6)50 7304
Course secretaryMr James Foster
Tel: (0131 6)51 3562
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