Microeconomics of Energy sector

The aim of this module is to provide the student with the theory and techniques of industrial microeconomics for application in the energy sector. The module also aims at familiarizing students with conceptual and appropriate mathematical tools in microeconomic theory.The module covers basic microeconomic concepts and applies them to practical issues in the energy sector. Topics covered include demand and supply analysis, market equilibrium and different market structures, international trade, investment and capacity expansion, risk and investment finance, and economic analysis of energy policy including environmental policy. Some additional topics to be covered will include the basis of supply and demand analysis, market equilibrium and public policy analysis.