Course Title: Energy Economics
Course Code: ECO 411
Course Type: Theory
Credit Hours: 3.00
Duration: January 2022 - April 2022
Sections: 1
Total Students: 12
Energy economics, Energy & Alternative Classifications of Energy
Global trend of Energy, The Historical Situation of Energy
Relation between Energy Consumption, GDP and World Population
Energy system, Energy Balance Information
Energy intensity and Energy Elasticity.
Global Energy Supply and demand Basics
Price formation in perfect market
Historical Trends in Global Energy Supply and Demand
Market, Market Regulation, Types of Regulation
The Regulatory Process, Market Competition, Price formation in a perfect market, Regulation and Deregulation
Fossil Fuels Process of petroleum formation
Classification of petroleum
Process of Oil refining , Market of crude oil
Oil Embargoes of 1973 and 1979
Production of Natural gas
Delivery of Natural Gas, Transmission pipelines
Market for Natural Gas
Energy Cost: Time Value of Money
Economics of Electricity Supply
Driving Factors for Power Plant Cost
General Concepts & Definitions in reference to Tariff calculation
Identification of Project Costs
Method of Cost calculation for a solar home system plant
Method of calculation of 150 MW capacity natural gas power plants
Comparison of cost for different technology
The Global Need for Energy
Overview of World Energy Demand and Supply
Energy Demand Management
Evaluation of DSM, Justification for DSM
Approaches for energy Demand analysis
Demand elasticity
Energy Consumption by End-use Sector
Variable Renewable energy resource and its challenges, Ancillary demand, Economics of RE
Energy independence
Energy–Environment Interactions
Economics of the Environment Protection.