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Course Unit Title Course Unit Code Type of Course Unit Level of Course Unit Year of Study Semester ECTS Credits
Energy Economics ECO301 Elective Bachelor's degree 3 Fall 4

Name of Lecturer(s)

Prof. Dr. Yusuf BAYRAKTUTAN
Prof. Dr. Ayhan ORHAN

Learning Outcomes of the Course Unit

1) Information about energy production: theories and applications
2) Energy investments and their return
3) Ability to evaluate energy and environment policies
4) Sensitivity about energy saving

Program Competencies-Learning Outcomes Relation

  Program Competencies
1 2 3 4 5 6 7 8 9 10
Learning Outcomes
1 High Middle Middle High High High Middle High Middle High
2 High Middle Middle High High High Middle High Middle High
3 High Middle Middle High High High Middle High Middle High
4 High Middle Middle High High High Middle High Middle High

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

Not Required

Course Contents

Energy resources, Supply, Demand and prices in energy market, regulation and deregulations that are enforced by governments, the importance of the oil for the world economy, renewable energy resources, environmental impacts, etc.

Weekly Schedule

1) Introduction
2) Energy Demand: Short Run and Long Run Price and Income Elasticities
3) Energy Supply and the Economics of Deplorable Resources
4) World Oil Markets and Energy Security
5) Natural Gas Price Regulation, Deregulation and Markets
6) Electricity Market
7) Coal market
8) Mid-term exam
9) Nuclear energy
10) Policies of energy productivity
11) Competition in Energy Markets
12) Alternative energy sources
13) Global distribution of energy sources
14) Renewable Energy Policies
15) Energy and Climate Change
16) Final exam

Recommended or Required Reading

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer
3) Discussion


Assessment Methods and Criteria

Contribution of Midterm Examination to Course Grade

40%

Contribution of Final Examination to Course Grade

60%

Total

100%

Language of Instruction

English

Work Placement(s)

Not Required