Energy Economics (MEM)

aje on October 25, 2024

Course introduction

This course equips students with an understanding of how useful economics is for energy professionals. The Micro part of the course covers market design and the interpretation of price information, and relates this to the challenges posed by disruptive technologies. The Macro part looks at the changing nature of the energy industry, including new technologies, sustainability objectives, and geopolitical implications. The course presents this material in an integrated way and challenges students to become effective problem solvers in both individual and team based settings.

Course assessment

40% group project (instructions here)
60% final exam (online but invigilated)

Pre class activities

You must complete the online course which can be found here: https://lms.anthonyjevans.com/courses/energy-economics/

Before the on campus part begins you must also read the following:

“On the Origin of Money” (Carl Menger, 1892, Economic Journal, (2):239-55)
“The Use of Knowledge in Society” (Friedrich Hayek, 1945, American Economic Review, 35(4):519- 530)
“I, Pencil” (Leonard Read, 1958, Foundation for Economic Education)
“What is Seen and What is Not Seen” (Frederic Bastiat, 1850, Paris: Guillaumin. This version taken from The Bastiat Collection, 2nd Ed., Mises Institute, 2007, pp. 1-11 only)

To make things easier, I have republished the four readings in a single PDF file:

Download the reading pack here.

Day 1: Markets

Monday 2nd June (afternoon)