Energy Markets

Code:

2EGA10

Acronym:

ME

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2014/2015 - 2S (of 18-02-2015 to 17-06-2015)

Active?	Yes
Responsible unit:	Management
Course/CS Responsible:	Master in Environmental Economics and Management

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
EGA	26	Bologna Syllabus since 2012	1	-	7,5	56	202,5

Teaching language

Portuguese

Objectives

The course is aimed to give students knowledge and skills on energy markets analysis and dynamics.

Learning outcomes and competences

Students must be able to recognize different energy markets and different kinds of contracts. They shall also be able to evaluate which contract is more suitable to each situation and to evaluate/quantify risks.

Working method

Presencial

Program

1. Microeconomic foundations of market analysis. 2. The coal market: price dynamics. The european case. 3. The oil market: technical costs of production; types of crude. The variety of contracts. Price dynamics and risk. 4. Natural gas market: NG and LNG. Markets and kinds of transactions. Market liberalization. Regulation. EC Directives. 5. The electricity market: main features. Market liberalization. EC Directives. Environmental Policy and Energy Policy: nuclear and renewables. Ex ante and ex post regulation. Types of markets and transactions. The Iberian market ( MIBEL). The portuguese case: features and problems.

Mandatory literature

Joanne Evans; Lester C. Hunt; International Handbook on the Economics of Energy, Edward Elgar Publishing Limited, 2009. ISBN: 978-0857938251

Teaching methods and learning activities

Exposition of topics. Students are expected to interact. International Markets consultation via internet. Case studies.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Participação presencial	5,00
Teste	70,00
Trabalho escrito	25,00
Total:	100,00

Eligibility for exams

75% of total classes attended and a minimum of 7.5/20.0 grade on each of the two tests.

Calculation formula of final grade

FG= 5% Assiduity+35% classification of first test+35% classification of second test + 25% of presentation of essay.

Examinations or Special Assignments

According to the faculty rules.

Special assessment (TE, DA, ...)

According to the faculty rules.

Classification improvement

According to the faculty rules.