Skip to main content

MJ2416 Microeconomics and Energy Markets 5.0 credits

Choose semester and course offering

Choose semester and course offering to see current information and more about the course, such as course syllabus, study period, and application information.

Application

For course offering

Autumn 2024 Start 26 Aug 2024 programme students

Application code

51321

Headings with content from the Course syllabus MJ2416 (Autumn 2015–) are denoted with an asterisk ( )

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.

Literature and preparations

Specific prerequisites

BSc or the equivalent

Recommended prerequisites

No information inserted

Equipment

No information inserted

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

    No information inserted

    Examiner

    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

    Industrial Management, Mechanical Engineering

    Education cycle

    Second cycle

    Add-on studies

    No information inserted

    Contact

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