Postgraduate Course: Energy and Environmental Economics (PGEE11001)
Course Outline
| School | School of Engineering |
College | College of Science and Engineering |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The 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
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
|
| Academic year 2024/25, Available to all students (SV1)
|
Quota: 100 |
| Course Start |
Semester 2 |
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:
- 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.
- Understand and reflect on different methods to value environmental goods, and on the use of these valuations in environmental cost-benefit analysis.
- Critically discuss previous, existing, and potential future pollution control measures.
- Understand and critically evaluate the functioning of different types of energy markets, future challenges to these markets, and their relevance to engineering problems.
- Describe and discuss important ethical issues in energy markets and environmental valuation, and their implications for good practice and policy.
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Contacts
| Course organiser | Dr Andrew Lyden
Tel:
Email: Andrew.Lyden@ed.ac.uk |
Course secretary | Miss Catherine Davidson
Tel:
Email: c.davidson@ed.ac.uk |
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