Markets Economy

Code:

EEC0119

Acronym:

EMER

Keywords
Classification	Keyword
OFICIAL	Other Technical Areas

Instance: 2011/2012 - 1S

Active?	Yes
Responsible unit:	Department of Electrical and Computer Engineering
Course/CS Responsible:	Master in Electrical and Computers Engineering

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIEEC	15	Syllabus (Transition) since 2010/2011	5	-	6	63	162
		Syllabus	5	-	6	63	162

Teaching language

Portuguese

Objectives

This course aims to endow students with advanced skills on markets economy.

Program

1. An economic perspective of the energy sector. Energy financing
2. Coal market: recent evolution and perspectives for the future
3. Oil market: structure and operation. Financial and geo-strategic aspects
4. Natural gas market: structure and operation. The importance of long-term contracts in the European market.
5. Electricity market: liberalization and market power

Mandatory literature

Carol Dahl; Energy Economics and International Energy Markets: Understanding Pricing, Policies, and Profits, PennWell Books, 2004. ISBN: 978-0878147991

Complementary Bibliography

Roy Nersesian; Energy for the 21st Century: A Comprehensive Guide to Conventional and Alternative Sources, M.E. Sharp, 2006. ISBN: 978-0765613233

Teaching methods and learning activities

Theoretical classes will be based on the presentation of theoretical concepts and instruments and on case studies.
Practical classes will be based on the analysis and discussion of case studies made by students.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Attendance (estimated)	Participação presencial	56,00
	Total:	-	0,00

Eligibility for exams

The assessment components are the following:
- Practical group assignment: 40% of the final mark
- 3 tests: 3x20% of the final mark

Calculation formula of final grade

Final Mark = 40% group assignment + 60% tests

Examinations or Special Assignments

An exam

Classification improvement

According to the rules