Postgraduate Course: Energy Markets (CMSE11319)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This course aims to provide students with the knowledge and understanding of how energy markets work. The course will commence with the presentation of information on how regular financial markets work and how the price formation process evolves in modern financial and energy markets. Students will be provided with an appreciation of the development of electricity markets in Europe; emphasis will be placed on new EU policy initiatives influencing this process. The course will specially explore the functioning of the European electricity and gas markets along with the unique role of transmission system operators, when compared to other energy markets. The course will examine the major energy security challenges of the 21st century within global and European contexts. Students will consider in depth the implications of EU and OECD countries' energy policies and how these influence the infusion of renewables into the energy mix. The course will also consider contemporary evidence on liquidity and price discovery in named global and regional energy markets. Students will benefit from lectures delivered by practitioners from the energy industry as well as faculty. |
| Course description |
This course aims to provide students with the knowledge and understanding of how energy markets work. The course will commence with the presentation of information on how regular financial markets work and how the price formation process evolves in modern financial and energy markets. Students will be provided with an appreciation of the development of electricity markets in Europe; emphasis will be placed on new EU policy initiatives influencing this process. The course will specially explore the functioning of the European electricity and gas markets along with the unique role of transmission system operators, when compared to other energy markets. The course will examine the major energy security challenges of the 21st century within global and European contexts. Students will consider in depth the implications of EU and OECD countries' energy policies and how these influence the infusion of renewables into the energy mix. The course will also consider contemporary evidence on liquidity and price discovery in named global and regional energy markets. Students will benefit from lectures delivered by practitioners from the energy industry as well as faculty.
|
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
|
| Academic year 2017/18, Not available to visiting students (SS1)
|
Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 20,
Seminar/Tutorial Hours 8,
Revision Session Hours 2,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
117 )
|
| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Coursework 100% |
| Feedback |
Summative marks will be returned on a published timetable, which has been made clear to students at the start of the academic year.
Feedback will comprise written coursework assessment feedback and feedback during students¿ presentations. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Develop an understanding of the nature of financial/energy markets
- Recognise and develop an appreciation of the key global and regional energy markets
- Critically assess energy market policies and the factors contributing to their development, particularly the evolution of EU energy policy after the Lisbon treaty
- Evaluate the role of renewables in the EU energy mix and how EU climate action policies have influenced European/global energy mix
- Develop an understanding of how prices are formed in energy markets
|
Reading List
Dahl, C. A. (2004) International Energy Markets: Understanding Pricing, Policies and Profits. Oklahoma: Penwell.
Dorsman, A., Westerman, W., Karan, M. B. & Arslan, Ö. (2011) Financial Aspects in Energy: A European Perspective. Berlin Heidelberg: Springer.
Schmidt, A. B. (2011) Financial Markets and Trading: An Introduction to Market Microstructure and Trading Strategies. New Jersey: Wiley Finance. |
Additional Information
| Graduate Attributes and Skills |
-Engaging with new ideas and be able to detect false logic by leveraging available resources;
-Effectively managing time and workload demands within a dynamic and challenging work environment;
-Demonstration of advanced numeracy and quantitative skills;
-Competently communicating and exchanging ideas within different contexts and to audiences of varied compositions;
-Presentation of reasonable and data-supported arguments in writing as well as orally. |
| Keywords | Not entered |
Contacts
| Course organiser | Dr Gbenga Ibikunle
Tel: (0131 6)51 5186
Email: |
Course secretary | Miss Ashley Harper
Tel: (0131 6)51 5671
Email: |
|
© Copyright 2017 The University of Edinburgh - 6 February 2017 6:48 pm
|
University Homepage