Energy Markets

Code:

2EGA10

Acronym:

ME

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2017/2018 - 2S

Active?	Yes
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	34	Bologna Syllabus since 2012	1	-	7,5	56	202,5

Teaching language

Portuguese

Objectives

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

Working method

Presencial

Program

1. Energy Markets Overview.
2. Market Efficiency and Scarcity Pricing.
3. Market Power in Electricity Market. Types of transactions.
4. Oil and Natural Gas: extraction and pricing. Types of contracts. Introduction to OPEC Game.
5. Upstream Investment and Uncertainty.
 

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.  Case studies.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Apresentação/discussão de um trabalho científico	30,00
Teste	70,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Apresentação/discussão de um trabalho científico	8,00
Estudo autónomo	110,00
Frequência das aulas	42,00
Trabalho de investigação	42,50
Total:	202,50

Eligibility for exams

75% of total classes attended and a minimum of 6.5/20.0 grade on each of the two tests.

Calculation formula of final grade

FG= 35% of 1st test classification + 35% of 2nd test classification + 30% of the essay classification.

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.