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MJ2383 Energy System Economics, Modelling and Indicators for Sustainable Energy Development 6.0 credits

About course offering

For course offering

Autumn 2024 Start 26 Aug 2024 programme students

Target group

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Part of programme

Master's Programme, Decentralized Smart Energy Systems, åk 2, Mandatory

Master's Programme, Energy Innovation, åk 2, RENE, Recommended

Master's Programme, Environomical Pathways for Sustainable Energy Systems, åk 2, Recommended

Master's Programme, Innovative Sustainable Energy Engineering, åk 2, Mandatory

Master's Programme, Sustainable Energy Engineering, åk 2, Conditionally Elective


P1 (3.0 hp), P2 (3.0 hp)


26 Aug 2024
13 Jan 2025

Pace of study


Form of study

Normal Daytime

Language of instruction


Course location

KTH Campus

Number of places

Places are not limited

Planned modular schedule


For course offering

Autumn 2024 Start 26 Aug 2024 programme students

Application code



For course offering

Autumn 2024 Start 26 Aug 2024 programme students


William Usher (


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Course coordinator

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Headings with content from the Course syllabus MJ2383 (Autumn 2022–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

The overall objective of the course is to explore basic energy system economic concepts related to energy infrastructure investments, energy-environment economics and the role of indicators for sustainable development.

The participants will gain practical experience in the use of a range of economic tools and models. These include basic linear programming techniques, the economic interpretation of energy models and economic indicators relating to policy and technology scenarios.

In a group project, they will use an energy system model to map key economic indicators to sustainable development goals, and further develop their critical skills in modelling and results interpretation.

Intended learning outcomes

After the course, the students should be able to:

  1. Explain key concepts in energy economics.
  2. Evaluate economic tools and apply them to examine energy investments and operation.
  3. Describe the economic drivers of long term energy transitions and critique how these are modelled.
  4. Develop and apply a techno-economic model to policies, technologies and other interventions using scenario analysis.
  5. Analyze key outputs of techno-economic models, including system costs and shadow prices, in combination with off-model data and interpret in terms of their social, economic and environmental dimensions and sustainable development.
  6. Communicate concepts of energy economics using written, spoken and visual media.

Literature and preparations

Specific prerequisites

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Recommended prerequisites

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Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

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


  • KONA - Partial exam, 1.0 credits, grading scale: A, B, C, D, E, FX, F
  • KONB - Partial exam, 1.0 credits, grading scale: A, B, C, D, E, FX, F
  • LABA - Labb, 0.5 credits, grading scale: P, F
  • PROA - Project, 3.0 credits, grading scale: A, B, C, D, E, FX, F
  • SEMA - Seminars, 0.5 credits, grading scale: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Opportunity to complete the requirements via supplementary examination

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Opportunity to raise an approved grade via renewed examination

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Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course room in Canvas

Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.

Offered by

Main field of study

Mechanical Engineering

Education cycle

Second cycle

Add-on studies

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William Usher (