MSc in Energy Law, Business, Regulation and Policy > Quantitative Methods for Energy and Environmental Economists

Quantitative Methods for Energy and Environmental Economists

Teaching hours and credit allocation: 16 hours, 3 credits
Course assessment: exams

Aims

This course will introduce students to the economic assessment of energy and environmental policy. Quantitative methods used to analyze problems in energy and environmental economics. Economic modeling and approaches as well as their application on energy and environmental issues will be discussed. Students will develop expertise in working with data and in applying numerical simulation models as well as econometric techniques using computer software. Another objective of the course is to enable students to comprehend the role of economic analysis in designing policies which address issues of energy security, climate change and related environmental externalities.

Learning Outcomes

On completing the course, students are expected to be able to:

  • understand environmental implications of energy use
  • assess the role of economic analysis in designing policies to address environmental externalities
  • elaborate economic modeling and econometric approaches
  • reinforce concepts, rationales, and instruments for policy intervention in energy markets
  • analyze the economic and econometric models (such as optimization models, models in mixed complementarily format, partial equilibrium models of electricity and energy markets, regression models to estimate demand functions, econometric techniques for policy evaluations, panel data methods)

Content

  • Introduction to economic assessment of energy and environmental policy
  • Measurement of Environmental and Resource Values
  • Energy economic modeling and approaches
  • Energy economic and econometric models
  • Economics of the Environment