Similar to many other branches of applied economics, energy economics emerged with therealization that “energy” is a scarce resource. This course covers the economic principles that guide energy related behavior of both the producers and the consumers of energy and the policy regime that has emerged to govern it. The course has four building blocks: understanding energy as a scarce resource, various aspects of energy demand and supply with a focus to policies that are in place to promote renewable energy supply and finally, a much needed discussion on interaction between energy, environment and climate change. The course aims at broadening the vision of students while making any energy related decision as a technology developer, energy manager, entrepreneur, policy maker, researcher in future or simply for personal energy use in day to day activities.
INTENDED AUDIENCE
Primarily the graduate students working in the area of energy economics and energy policy domain. This course will also be useful for general audience
PREREQUISITES
Any foundational course in Economics
INDUSTRY SUPPORT
Power sector; energy consulting firms; renewable energy production units, policy makers
ABOUT THE INSTRUCTOR
Prof. Shyamasree Dasgupta is an Assistant Professor at the School of Humanities and Social Sciences in Indian Institute of Technology Mandi. She is an economist by training. Her teaching and research interest remains in the area energy, environment, climate change and sustainable development. She obtained Ph.D and M.Phil in Economics from Jadavpur University, Kolkata,India with SYLFF Fellowship. She is a member of several active academic/research networks including International Association of Energy Economics, Indian Society for Ecological Economics, The Indian Econometric Society etc. She was a contributing author in the Industry chapter of IPCC AR 5.
Additional information
Institute
IIT Madras
Total hours
20
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COURSE ENROLMENT FEE: The Fee for Enrolment is Rs. 2000 + GST
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3. Get qualified to register for exams
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CRITERIA TO GET A CERTIFICATE
Assignment score = Score more than 50% in at least 6/8 assignments.
Exam score = 50% of the proctored certification exam score out of 100
Only the e-certificate will be made available. Hard copies will not be dispatched.”
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EXAM FEE: The remote proctoring exam is optional for a fee of Rs.1500 + GST. An additional fee of Rs.1500 will apply for a non-standard time slot.
5. Results and Certification
After the exam, based on the certification criteria of the course, results will be declared and learners will be notified of the same. A link to download the e-certificate will be shared with learners who pass the certification exam.
CERTIFICATE TEMPLATE
Course Details
Week 1: Energy as a resource; classification, measurement and accounting
Week 2: Energy Demand-Part I- Analyzing past, present and future demand
Week 3: Energy Demand-Part II – Demand Side Management, policies and behavioural issues
Week 4: Energy Supply- Part I – Economics and policies of non-renewable energy supply
Week 5: Energy Supply- Part II – Economics of electricity supply and renewable energy and related policies
Week 6: Energy Market
Week 7: Special topics on energy, environment and climate change – Part I
Week 8: Special topics on energy, environment and climate change – Part II
BOOKS AND REFERENCES:
1. Bhattacharyya, Subhes. C. (2011).Energy Economics: Concepts, Issues,Markets and Governance. Springer.London, UK. (Selected chapters)
2. Stevens, P. (2000). An Introductionto Energy Economics. In Stevens, P.(ed.) The Economics of Energy, Vol.1, Edward Elgar, Cheltenham, UK.
3. Selected contemporary journal articles
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