Postgraduate Course: Economic and Policy Analysis for Offshore Renewables (IDCORE) (PGEE11088)
Course Outline
| School | School of Engineering |
College | College of Science and Engineering |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The course addresses aspects of economic and policy analysis which are crucial for a comprehensive understanding of private and public attitudes and behaviour in relation to the offshore renewable sector. These topics include: energy and environmental objectives and appropriate financial and non-financial policies; private sector and financial analysis (e.g. NPV, IRR); levelised costs; an understanding of electricity markets in theory and practice; and an analysis of the links between offshore renewable policies and national and regional economic, environmental and social objectives |
| Course description |
Offshore energy and energy objectives: the energy trilemma
Private financial analysis of offshore energy: LCOE, NPV and IRR
Offshore energy promotion: economic policies and their impacts
Economics of the electricity industry and electricity markets
Non-financial barriers and policies
Innovation and learning in offshore energy
Offshore energy: economic impacts, skills and the energy transition
Invited talks from policymakers and industry
Group presentations, attended by all teaching team
|
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
| Additional Costs | None |
Course Delivery Information
|
| Academic year 2024/25, Not available to visiting students (SS1)
|
Quota: None |
| Course Start |
Flexible |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 18,
Seminar/Tutorial Hours 8,
Feedback/Feedforward Hours 8,
Other Study Hours 64,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
0 )
|
| Additional Information (Learning and Teaching) |
Self-Study
|
| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
100% Coursework |
| Feedback |
Students will complete class feedback at the end of the class, in line with University practice. Lecturers will encourage discussion in the class, which will provide opportunities for two-way feedback throughout module. In addition, feedback on submitted material will be provided during class to students, enabling checking of students' understanding. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand of the goals, levers, constraints, analysis and decision processes relevant to energy policy and how these impact on offshore renewables.
- Be able to understand the calculation of different financial metrics relevant for offshore renewables, their sensitivity to different input assumptions and the usefulnesses of such metrics.
- Understand the links between economic and offshore wind renewables and the economic techniques used to analyse these links.
- Demonstrate a critical awareness of the role of public and private actors in driving innovation in marine energy
|
Reading List
| Bhattacharyya, S.C. (2011) Energy Economics: Concepts, Issues, Markets and Governance, Springer. |
Additional Information
| Graduate Attributes and Skills |
Not entered |
| Special Arrangements |
none |
| Keywords | Economics,policy,analysis,modelling,cost,benefit,financial |
Contacts
| Course organiser | Prof David Ingram
Tel: (0131 6)51 9022
Email: David.Ingram@ed.ac.uk |
Course secretary | Dr Katrina Tait
Tel: (0131 6)51 9023
Email: k.tait@ed.ac.uk |
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