Before choosing courseMJ2416 Microeconomics and Energy Markets 5.0 creditsAdministrate About course

Choose semester and course offering

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Content and learning outcomes

Course contents *

1. Price elasticity.

2. Production costs.

3. Perfect competition.

4. Monopolies

5. Monopolistic competition

6. Oligopolies

7. State interventions in the energy markets.

i) State policies and imperfect competition: theory and practice in the energy markets

ii) State policies and external environmental costs: theory and practice in the energy markets

Intended learning outcomes *

After passing the course, the student should be able to: Demonstrate knowledge and understanding of the role of energy handling in global and regional contexts and its economic, social and environmental consequences.

Analyse and interpret events and political proposals on the energy markets by means of the economic tools (microeconomic concepts and models) that are provided.

Find and use the information about the energy markets.

Write about and debate economic issues that concern energy markets.

Course Disposition

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Literature and preparations

Specific prerequisites *

BSc or the equivalent

Recommended prerequisites

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Equipment

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Literature

•                     Frank, Robert H. Microeconomics and Behavior. 9 edition, 2014

•                    Articles by S. Borenstein, P. Joskow, J. Bushnell & F. Wolak on Oligopoly in electricity whole salemarkets, the cost of renewable energy etc.

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

Examination *

    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

    No information inserted

    Opportunity to raise an approved grade via renewed examination

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    Examiner

    Peter Hagström

    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 web

    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 MJ2416

    Offered by

    ITM/Energy Technology

    Main field of study *

    Industrial Management, Mechanical Engineering

    Education cycle *

    Second cycle

    Add-on studies

    No information inserted

    Contact

    Peter Hagström (peter.hagstrom@energy.kth.se)