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Risorse bibliografiche
Risorsa bibliografica obbligatoria
Risorsa bibliografica facoltativa
Scheda Riassuntiva
Anno Accademico 2014/2015
Scuola Scuola di Ingegneria Industriale e dell'Informazione
Insegnamento 095914 - ENERGY ECONOMICS
Cfu 8.00 Tipo insegnamento Monodisciplinare
Docenti: Titolare (Co-titolari) Fumagalli Elena Maria

Corso di Studi Codice Piano di Studio preventivamente approvato Da (compreso) A (escluso) Insegnamento
Ing Ind - Inf (Mag.)(ord. 270) - BV (429) INGEGNERIA ENERGETICA*AZZZZ089782 - ECONOMIA DEI SERVIZI E DELLE RETI
Ing Ind - Inf (Mag.)(ord. 270) - BV (477) ENERGY ENGINEERING - INGEGNERIA ENERGETICA*AZZZZ095914 - ENERGY ECONOMICS

Programma dettagliato e risultati di apprendimento attesi

Overview

The course provides an introduction to energy and environmental economics, with a focus on the electricity and natural gas industries. First, it describes the structural elements of energy markets and their effects on firm performance and on social welfare. Then, motivations and specific mechanisms of public intervention are discussed: priority is given to the regulation of natural monopolies as well as to environmental policies. A description of the main objectives of recent European energy directives completes this part of the course. Finally, the functioning of competitive wholesale markets is discussed, with particular reference to power exchanges and to the trading of natural gas.

 

 Contents

 

1. Market structure and the energy sectors

Production costs: economies of scale, natural monopolies, sunk costs, learning effects, economies of scope.

Energy demand, price elasticity and other characteristics.

Monopoly and perfect competition. Firm behavior and welfare effects.

Market concentration, barriers to entry/exit, complementarities with other sectors, regulation.

 

2. Regulation of natural monopolies

Price regulation with perfect information.

Price regulation with asymmetric information.

Performance-based regulation in practice.

 

3. Environmental economics*

Welfare economics and the environment.

Economic instruments applied to environmental policy.

 

4. Wholesale energy markets*

Trading of electricity and natural gas: power exchanges and natural gas hubs.

Market power and basic principles of competition policy.

 

 

*The contents of this part of the course are coordinated with those presented in the course Energetica Generale. 


Note Sulla Modalità di valutazione

Grading is based on a final, written examination.

Students are given the option to conduct an additional assignment, to be completed before the end of the course, for a maximum of three extra points to be added to the final score. This consists in the critical analysis of two relevant scientific articles. Students can work individually or in groups of two. They will be required to discuss their findings in front of the class and to make their presentation available on the course web site.


Bibliografia
Risorsa bibliografica obbligatoriaR.H. Frank, Microeconomics and behavior, Editore: McGraw-Hill, Anno edizione: 2007
Risorsa bibliografica obbligatoriaI. J. Pérez-Arriaga, Regulation of the power sector, Editore: Springer, Anno edizione: 2013
Risorsa bibliografica obbligatoriaR. Perman, Y. Ma, J. McGilvray, M. S. Common, D. Maddison, Natural Resource and Environmental Economics, Editore: Pearson, Anno edizione: 2011

Software utilizzato
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Mix Forme Didattiche
Tipo Forma Didattica Ore didattiche
lezione
64.0
esercitazione
16.0
laboratorio informatico
0.0
laboratorio sperimentale
0.0
progetto
0.0
laboratorio di progetto
0.0

Informazioni in lingua inglese a supporto dell'internazionalizzazione
Insegnamento erogato in lingua Inglese
Disponibilità di materiale didattico/slides in lingua inglese
Disponibilità di libri di testo/bibliografia in lingua inglese
Possibilità di sostenere l'esame in lingua inglese
Disponibilità di supporto didattico in lingua inglese
schedaincarico v. 1.9.7 / 1.9.7
Area Servizi ICT
26/05/2024