ID:
510195
Durata (ore):
44
CFU:
6
SSD:
ECONOMIA E GESTIONE DELLE IMPRESE
Anno:
2024
Dati Generali
Periodo di attività
Primo Semestre (23/09/2024 - 20/12/2024)
Syllabus
Obiettivi Formativi
Overall aim of the course is to provide students with a comprehensive overview of how the energy industry in modern economies is organized and the way it is impacted by energy and climate policies, with particular reference to the case of the European Union and its Green Deal.
The course aims to offer not only theoretical classes, where the basics of energy economics and policy are presented by the instructor, but also insights from people working in the sector. To ensure this objective, a few seminars with external speakers will be organised in the final weeks of the course.
At the end of the course, students are expected to have a good understanding of how energy markets work, and how the choices of policymakers and regulators influence their functioning and evolution. Students will be able to critically analyse the most relevant trends occurring in the energy industry and discuss the implications and challenges posed by technological development, changes in consumer preferences, and public policies and regulation, including the policy goal of achieving net-zero greenhouse gas emissions.
The course aims to offer not only theoretical classes, where the basics of energy economics and policy are presented by the instructor, but also insights from people working in the sector. To ensure this objective, a few seminars with external speakers will be organised in the final weeks of the course.
At the end of the course, students are expected to have a good understanding of how energy markets work, and how the choices of policymakers and regulators influence their functioning and evolution. Students will be able to critically analyse the most relevant trends occurring in the energy industry and discuss the implications and challenges posed by technological development, changes in consumer preferences, and public policies and regulation, including the policy goal of achieving net-zero greenhouse gas emissions.
Prerequisiti
There is no formal pre-requisite to the course. However, a general understanding of standard microeconomics is important for an effective participation to the course. Some notions of industrial organization (e.g., regulation of monopoly markets) represent an asset. Equally useful is the mastering of basic physical concepts (e.g., those usually taught in high school), as it allows students to more easily grasp the functioning of energy systems and the consequent economic and policy implications that will be investigated during the course.
Metodi didattici
Participation to the classes of the course is recommended but by no means mandatory.
During most of the classes, the instructor will illustrate the fundamentals of energy economics and the main developments of the European energy and climate policy that contribute to frame the energy industry today. In addition, a few seminars with experts coming from academia, public institutions and companies will complement the content of the course and provide additional insights to the students.
During most of the classes, the instructor will illustrate the fundamentals of energy economics and the main developments of the European energy and climate policy that contribute to frame the energy industry today. In addition, a few seminars with experts coming from academia, public institutions and companies will complement the content of the course and provide additional insights to the students.
Verifica Apprendimento
The exam is written and based on a series of multiple-choice and open questions on the content of the course. Students are expected to complete the exam in maximum two hours. The result is expressed in 30/30. Students that are not satisfied with the result of their written exam can ask for an additional oral exam. This oral exam will consist of three questions, always regarding the content of the course. Depending on the answers provided by the student, the grade of the written exam can be increased (or reduced) by up to 6 points.
Testi
The power point presentations prepared by the instructor represent the primary material for the course. However, given their nature, they cannot be considered sufficient to properly prepare the exam.
In addition to the slides, the instructor will suggest, for each class, one or more chapters of the following three books, which are available online in open access:
• Mulder M. (2022), Regulation of Energy Markets. Economic Mechanisms and Policy Evaluation, Springer, 2nd edition (https://link.springer.com/book/10.1007/978-3-031-16571-9);
• Hafner M. and G. Luciani (ed. by, 2022), The Palgrave Handbook of International Energy Economics, Palgrave MacMillan (https://link.springer.com/book/10.1007/978-3-030-86884-0);
• Hancher L., L. Meeus, A. Nouicer and V. Reif (ed. by, 2022) The EU Green Deal, Technical Report, Florence School of Regulation, EUI (https://cadmus.eui.eu/handle/1814/75156).
Additional selected readings may be provided by the instructor during the course.
In addition to the slides, the instructor will suggest, for each class, one or more chapters of the following three books, which are available online in open access:
• Mulder M. (2022), Regulation of Energy Markets. Economic Mechanisms and Policy Evaluation, Springer, 2nd edition (https://link.springer.com/book/10.1007/978-3-031-16571-9);
• Hafner M. and G. Luciani (ed. by, 2022), The Palgrave Handbook of International Energy Economics, Palgrave MacMillan (https://link.springer.com/book/10.1007/978-3-030-86884-0);
• Hancher L., L. Meeus, A. Nouicer and V. Reif (ed. by, 2022) The EU Green Deal, Technical Report, Florence School of Regulation, EUI (https://cadmus.eui.eu/handle/1814/75156).
Additional selected readings may be provided by the instructor during the course.
Contenuti
The course is articulated in five parts. The first part introduces the concept of energy, the fundamental techno-economic characteristics of the energy system and the main factors behind the demand and supply of energy. Energy balances are also presented and the concept of energy security discussed. The second part looks at the supply chain of fossil fuels (coal, oil and natural gas) and the international markets where they are traded. The third part describes the electricity supply chain, the way it was traditionally organised around a vertically integrated company, and the creation of open markets for generation and retail over the past decades. The fourth part considers the problem of emissions associated with the production and consumption of energy and discusses the policy tools available to mitigate it. Finally, the fifth part of the course narrows down the focus by looking at the European Union, the structure of its energy system, and the evolution of its policies on energy and climate, up to its most recent flagship initiative, the Green Deal.
Lingua Insegnamento
INGLESE
Corsi
Corsi
ECONOMICS, DEVELOPMENT AND INNOVATION
Laurea Magistrale
2 anni
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