ME2086 Global Energy Markets and Systems in Transition 6.0 credits

Globala energimarknader och system i omvandling

The course that is held by the Division of Sustainability and Industrial Dynamics at the Industrial Economics and Management Department. The course is aimed for students interested in how energy systems and markets function, what are their economic, political, climatological and technical conditions.

The course design and structure aim to give course participants the best possible conditions for active learning. This includes lecture material, seminar activities, including group case solving and business game, and project activity where you can apply your knowledge.

  • Education cycle

    Second cycle
  • Main field of study

    Industrial Management
  • Grading scale

    A, B, C, D, E, FX, F

Course offerings

Autumn 19 for programme students

Autumn 18 for programme students

Intended learning outcomes

On completion of the course the students should be able to:

  • analyse the function and structure of the global energy system regarding energy type and industrial and political structure
  • evaluate and compare technical and economic conditions and relationships between different energy types/energy markets (benchmarking of technical and economical solutions)
  • analyse the function and price formation mechanisms of energy markets - globally as well as locally
  • analyse the financial terms and conditions of energy systems
  • analyse the technical, institutional and political mechanisms that are conditions for the transformation of the energy systems and the function of the energy markets
  • assess the effect of climate changes on the transformation of the energy systems and energy markets
  • carry out qualified critical analysis of strategies and processes regarding future shifts in technology at company and policy level, related to the transformation of energy markets.

Course main content

The course treats the function of energy systems with a strong focus on the relationship between the structure of the technical systems and their respective economical boundary conditions (pricing, market, etc.), as well as the function and transformation of energy markets.

The course contains a series of lectures with an in-depth review and analysis of conditions and driving forces behind the transformation of the intertwined global energy system from the following perspectives:

  • technical
  • economic
  • political
  • climatological

The lectures of the course also focus on the specific nature of energy markets and how this influences the short- and long-term price formation. This includes conditions that are related to the energy production's:

  • technical conditions
  • industrial organisation
  • market structure for supply as well as demand
  • political and institutional conditions
  • conditions depending on transformations that are related to structural changes, e.g. climate changes

The course contains the seminar activities, where the financial terms and conditions of energy markets are analysed in relation to the technical and institutional structure of the different global energy systems

Eligibility

Bachelor degree 180 hp. Or equivalent

Recommended prerequisites

Industrial Management, basic course (ME1003) or equivalent is recommended.

Literature

Peer-reviewed and research papers (10-15) and book chapters (3-5) will be announced at the beginning of the course.

Examination

  • INL1 - Assignment, 3.0, grading scale: A, B, C, D, E, FX, F
  • SEM2 - Seminars, 3.0, grading scale: A, B, C, D, E, FX, F

The course is examined through a written examination (or a take-home examination) and seminar assignments/project work with a focus on the ability to critically analyse and discuss the consequences of technical and industrial processes of change from economic, political, social and ethical aspects and to independently formulate and define problems to tackle complex processes of change by means of data from various types of sources.

Offered by

ITM/Industrial Economics and Management

Contact

Cali Nuur (cali.nuur@indek.kth.se)

Examiner

Cali Nuur <cali.nuur@indek.kth.se>

Version

Course syllabus valid from: Autumn 2016.
Examination information valid from: Autumn 2019.