MJ2383 Energy System Economics, Modelling and Indicators for Sustainable Energy Development 6.0 credits
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Content and learning outcomes
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:
- Explain key concepts in energy economics.
- Evaluate economic tools and apply them to examine energy investments and operation.
- Describe the economic drivers of long term energy transitions and critique how these are modelled.
- Develop and apply a techno-economic model to policies, technologies and other interventions using scenario analysis.
- 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.
- Communicate concepts of energy economics using written, spoken and visual media.
The course will be conducted in acombination of lectures, computer labs, a mandatory seminar, a project report and an exam. The courseresponsible will provide a list of projects at the beginning of the course. After completion of all the computer labs, students will be required to present their preliminary group work at a seminar. The project report should be written in English. Each group will review the work of one of the other groups.The course is concluded by an exam.
Literature and preparations
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
- 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
Opportunity to raise an approved grade via renewed examination
- 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 about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.Course web MJ2383