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31C01300 - Energy and Environmental Economics, Lecture, 24.4.2023-8.6.2023

Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

The objective is to develop understanding of the basic problems in environmental, resource and energy economics. Tools developed for analyzing market failures and instruments for solving them. Familiarize the student with the main challenges in the energy sector, including those related to the environment.

Credits: 6

Schedule: 24.04.2023 - 08.06.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Iivo Vehviläinen

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    Common pool resource use in theory and practice; description and analysis of resource and energy commodity markets; pollution control in theory and practice, with particular emphasis on climate change, energy and environmental policy. Main empirical cases include: investments in nuclear power; emissions trading; pricing and investments in the electricity sector.

Assessment Methods and Criteria

  • valid for whole curriculum period:

    Exercises, group work, case study, exam

Workload

  • valid for whole curriculum period:

    The course has 4 learning elements: lectures, exercises, reading assignments, and case study.

    Lectures (24 h)
    Conceptual background
    Main empirical cases

    Reading assignments (30 h)
    Readings and own source search
    3-5 questions to be analyzed
    Presenting and debating the outcome in the class

    Problem sets (24 h)
    Learning methods for analysis
    Introduced and discussed in groups during the class
    3 x 1 compulsory home exercises, returned next week

    Case study (66 h)
    Analyze a case in the energy and environment field
    Write a 5-10-page report

DETAILS

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Spring V
    2023-2024 Spring V

Department of Economics
Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)Aalto University Code of Academic Integrity and Handling Violations Thereof