LEARNING OUTCOMES
The objective is to develop foundations for understanding the functioning of energy markets. Familiarize the student with the rudiments of market designs, tools for analyzing markets, and policy instruments for achieving desired outcomes through market mechanisms.
Credits: 6
Schedule: 25.02.2025 - 07.04.2025
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:
The course will focus on the challenges of the energy transition, especially in electricity markets. We start with the ideal model of how a market balances supply and demand, discuss environmental externalities and other market failures, and cover investment and innovation decisions. The course also looks at the coordination issues that require solutions outside the markets, such as hydrogen and other connected energy networks.
Assessment Methods and Criteria
valid for whole curriculum period:
Exam and assignments
Workload
valid for whole curriculum period:
Contact teaching, independent work, exam
DETAILS
Study Material
valid for whole curriculum period:
Reading material assigned during the course. PhD students will receive extra material.
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
7 Affordable and Clean Energy
8 Decent Work and Economic Growth
9 Industry, Innovation and Infrastructure
12 Responsible Production and Consumption
13 Climate Action
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language: English
Teaching Period: 2024-2025 Spring IV
2025-2026 Spring IV