Energy Economics (ECON-305)

Energy economics is taught as a separate subject at international level. This course present course of energy economics is designed to enable the students to provide them awareness about the current issues related to energy. For example energy demand and supply analysis, energy conservation and efficiency, management of energy system at country level and at globe. Students will learn about the importance of clean energy and environmental friendly energy for future sustainability.

Recommended Books

1. Mark Jaccard, Sustainable Fossil Fuels: The Unusual Suspects in the Quest for Clean and Enduring Energy, Cambridge University Press (2005)

2. Subhes C. Bhattacharyya Energy Economics Concepts, Issues, Markets and Governance Springer-Verlag London Limited (2011)

3. J. M. Griffin, and H. B. Steele (1985): Energy Economics and Policy, Academic Press

4. Tom Tietenberg and Lynne Lewis Environmental &Natural Resource Economics Pearson Education, Inc., 9th Edition 2012

Course Pre-requisites:

Basic Mathematics & Economics

Learning Outcomes:

Students will be able to learn after completion of this course:

Will be able to learn economic relationships in energy production, consumption, demand and supply, pricing and conservation, energy policy and the development of new and renewable energy sources.
Will be able to develop a broader understanding of the economics of energy.
Understand the current global energy system that is growing far beyond what is globally sustainable and already poses a serious, and potentially irreversible, threat to global environmental quality and stability in future decades.

Class Timings: Wednesday & Thursday (1.00 to 2.30)

Evaluation Criteria:

Mid Term Exam 30 Marks

Final Term Exam 50 Marks

Sessional Mark 20 Marks

Please note that sessional marks will be distributed as:

Attendance 05 Marks

Assignments 10 Marks

Class Participation 05 Marks