Course development

For 2022, the course was completely redesigned, with an earlier start and a longer duration, and the final exam replaced by continuous examination in the first half of the course. The course was divided into two halves. In the first half, four lectures and four labs (0.5 hp) provided the students with an introduction to basic economic and financial concepts such as supply, demand, market equilibrium and discount rate; and the opportunity to apply these concepts through an energy market game, exercises to compute levelized cost of electricity and explore demand and supply in OSeMOSYS. The first (theory) half of the course was assessed through two partial exams (1 hp each) consisting of three essay/exercise assignments each, of which four contributed to the final grade. The second half of the course consisted of a group project (3 hp) and seminar. The project was completely redeveloped this year. In previous years students had to develop their own scenarios for a European country using an OSeMOSYS model they were provided. This year, students used existing scenario results from OpenEntrance project and GENSYSMOD model to write a 20-page report incorporating 6-10 indicators for one European country.