Enrollment year
2016/2017
Academic discipline
SECS-P/01 (POLITICAL ECONOMY)
Department
DEPARTMENT OF ECONOMICS AND MANAGEMENT
Course
ECONOMICS, FINANCE AND INTERNATIONAL INTEGRATION
Curriculum
Industrial Organization and Market Regulation
Period
2nd semester (20/02/2017 - 20/05/2017)
Lesson hours
66 lesson hours
Activity type
WRITTEN AND ORAL TEST
Prerequisites
Basic microeconomics
Learning outcomes
The course aims to: a) present an overview of the main concepts of energy and environmental economics and policy, b) offer the student a conceptual paradigm that enables the economic interpretation of energy and environmental phenomena, c) stimulate the students’ critical reflection.
The course has two main focuses: energy economics, environmental economics. The former introduces the basic concepts of the energy sector and analyzes its historical evolution, identifying the causes and effects of the oil shocks and counter-shocks. Moreover, energy markets regulation is deepened.
The second one deals with environmental damages and policy instruments used to cope with them.
Course contents
Energy demand and supply.
Energy balances and energy efficiency.
Oil and gas resources and reserves.
Renewable energy vs fossil fuels
Evolution of the oil and gas sector.
Strategies of the oil and gas companies.
Behaviour of the oil and gas producing countries, and Dutch disease.
OPEC behaviour and strategies.
Shale oil and shale gas
Energy market liberalisation and regulation.
Sustainable development: content and critical aspects.
Concepts of externality and optimal level of pollution.
Bargaining, Pigovian taxes, standards, subsidies, tradable permits.
Techniques for monetary evaluation of environmental externalities.
International environmental problems.
Climate Change, Kyoto Protocol, COP 21 Paris and international negotiations.
Renewable resources and the role of the discount rate.
Teaching methods
Frontal lessons and tutorials.
Reccomended or required readings
Clô A. (2000), Oil economics and policy. Kluwer Academic Publishers.
Bhattacharyya S. C. (2011), Energy Economics. Concepts, Issues, Markets and Governance. Springer, London
R. Perman, Y. Ma, M. Common, D. Maddison, J. McGilvray, “Natural Resources and Environmental Economics”, 4th edition, 2011, Addison Wesley (Pearson).
Assessment methods
Written exam
Sustainable development goals - Agenda 2030
Università di Pavia - Offerta formativa