ECN 405B - Energy Economics

Handouts for the Energy Economics classes are here:

Topic 1: 

1. Climate and Weather; Markers of Weather and Climate Change; Factors bringing in Climate Change; Anthropogenic activities; Trends in Climate markers over last 50 years; Adaptation & Mitigation; Lessons from History - the rise & demise of ancient civilisations;
2. Concept of Extreme Event; Impact of Climate Shocks/Extreme Events; Economic & Social Loss; Probability, Historical Trends and Expected Loss; Resilience; Rebound and Recovery; How preparedness affects quantum of Economic Loss; Trade-off between Cost of Resilience-building and Expected Economic Loss due to Extreme Event; Optimum Preparedness (The River Dam example)

Climate Change & Energy - Introduction
Practice Set

Rain, Rivers, and the Fate of Civilizations, Cherrie Winner, Oceanus Magazine Vol. 49, No. 3, Fall 2012 [available from www.whoi.edu/oceanus]

Topic 2:

1. Energy Economics; Why Energy Planning is important; Integrated National Energy Planning (INEP); What are the factors that determine Energy-GDP Linkage; Energy Intensity & Energy Efficiency; Concept of Energy Security
2. How Energy Price Changes affects Macroeconomy; How macroeconomic growth affects Energy Demand; The IO framework of Energy Demand Estimation;
3. Countrywide Energy Demand & Supply; Reference Energy System (RES) framework of Energy Demand and Flow - RES Network and Sankey Diagram; Energy Balance Tables
4. Energy Situation in Selected Countries of the world
5. Energy Situation in India; Electricity Situation in India

Energy Economics - Introduction            Slides

Energy Sector in India: Overview

Power Sector in India: Overview

Topic 3:

1. Energy Demand Estimation Methods - RES framework & Energy Balance Tables
2. Sectoral Demand Estimation
3. Baseline & Trend Estimation Method
4. Process Modelling Approach
5. Econometric Methods

References

1. M. Munasinghe and P. Meier: Energy Policy Analysis and Modelling, Cambridge University Press, 1993.
2. R. S. Pindyck and D. L. Rubinfeld: Econometric Models and Economic Forecasts, 4^th Edition, McGraw-Hill, New York, 1998.
3. J. B. Taylor: Principles of Macroeconomics, 3rd Edition, Houghton Mifflin, Boston, 2001.
4. M. S. Bazaraa and J. J. Jarvis: Linear Programming and Network Flows, John Wiley and Sons, N. Y., 1990.
5. R. Miller and P. D. Blair: Input-Output Analysis: Foundations and Extensions, Prentice-Hall, N.J, 1985.
6. John P. Weyant (ed.), Energy and Environmental Policy Modeling, Kluwer Academic Publishers, Boston, 1999.
7. IEA: World Energy Outlook: International Energy Organization, Paris, 2002.
8. Energy Economics
9. Energy Journal
10. Lecture Notes and Hand-outs