Energy Markets

Code:

2EGA10

Acronym:

ME

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2015/2016 - 2S

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	28	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. The focus will be the european market.

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. The electricity market: main features. Market liberalization. Environmental Policy and Energy Policy: nuclear and renewables. Impact of distributed renewables on market dynamics, Types of markets and transactions. The Iberian market ( MIBEL).

2. Natural gas market: NG and LNG. Markets and ways of transactions. Market liberalization.

3. The oil market: technical costs of production; types of crude. The variety of contracts. Price dynamics and risk. 

 4. The coal market: price dynamics.
 

 

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	60,00
Trabalho escrito	35,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	120,00
Frequência das aulas	42,00
Trabalho de investigação	70,00
Total:	232,00

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+30% classification of first test+30% classification of second test + 35% 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.