TÜRKÇE
ENGLISH
Information
| Unit | INSTITUTE OF NATURAL AND APPLIED SCIENCES |
| ENERGY AND ENERGY SYSTEMS (PhD) (ENGLISH) (INTERDISCIPLINARY) | |
| Code | EES601 |
| Name | Energy economics and politics |
| Term | 2026-2027 Academic Year |
| Term | Fall |
| Duration (T+A) | 3-1 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3.5 National Credit |
| Teaching Language | İngilizce |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. YUSUF ALPER KAPLAN |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
The aim of this course is to enable students to analyze energy supply and demand dynamics within the scope of energy economics by using the fundamentals of microeconomics and macroeconomics, to conduct economic and financial evaluations of energy investments, and to develop the ability to interpret energy markets and policies in order to design sustainable and effective strategies.
Course Content
The content of this course involves covering the fundamental concepts of economics and the basic principles of microeconomics and macroeconomics, providing a theoretical foundation for energy economics. It examines energy sector supply and demand dynamics, economic equilibrium, cost structures, and the relationship between economic growth and energy from both historical and contemporary perspectives. The course focuses on the economic and financial analysis of energy projects and the evaluation of energy investments. In addition, the global, regional, and local energy situation, the structure of energy markets, supply-demand balance, and energy indicators are analyzed. Regulations in energy markets, liberalization processes, and competitive structures are also evaluated. Energy policies, policy criteria, and their implementation are discussed. Furthermore, energy projections, future energy scenarios, and the functioning of global energy markets are examined, and methods for analyzing and modeling energy policies are taught.
Course Precondition
none
Resources
Pascual, C., Elkind, J., Energy Security: Economics, Politics, Strategies, and Implications, Brookings Institution Press, Washinghton D.C., 2009. Munasinghe, M., Meier, P., Energy Policy Analysis and Modelling (Cambridge Energy and Environment Series), Cambridge University Press, N.Y., 2008.
Notes
Banks, F.E., Energy Economics; A Modern Introduction, Kluwer Academic Publishers, Boston, 2000. Schaffer, B., Energy Politics, University of Pennsylvania Press, 2011. G.S. Rothwell and T.G. San Roman, Electricity Economics: Regulation and Deregulation, Wiley-IEEE Press, 2003.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains the fundamental differences between macroeconomics and microeconomics. |
| LO02 | Defines the key concepts and scope of energy economics. |
| LO03 | Compares the key components and applications of energy policies. |
| LO04 | Evaluates energy resources and projects using economic analysis methods. |
| LO05 | Explains the methods and tools used in energy modelling. |
| LO06 | Reports future projections based on energy data for Turkey and the world. |
| LO07 | Analyses the environmental and economic impacts of energy policies. |
| LO08 | Discusses the relationship between energy supply security and sustainability. |
| LO09 | Develops strategic solution proposals for energy policies. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Performs scientific research at the graduate level, reach the necessary information, evaluate the information, interpret it and use it in practice. | |
| PLO02 | Yetkinlikler - Alana Özgü Yetkinlik | Learns the information about the current techniques and methods applied in the field and their limitations and gains the ability to use them in studies required for research. | |
| PLO03 | Yetkinlikler - Öğrenme Yetkinliği | Constructs the problems within the scope of Energy and Energy Systems, and produces solutions by taking into account the technological developments. | 4 |
| PLO04 | Yetkinlikler - Alana Özgü Yetkinlik | Discuss the issues in the field, defend original views and communicate effectively showing competence in the field. | 3 |
| PLO05 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Gains the ability to work interdisciplinary and can effectively use the knowledge of different disciplines. | |
| PLO06 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Awareness of new and emerging technologies and their applications, examines and learns them in detail when necessary. | |
| PLO07 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Researches and defines the social, societal, economic and ethical dimensions of practices related to the field of expertise. | |
| PLO08 | Yetkinlikler - Öğrenme Yetkinliği | They gain the ability to follow the literature, make technical presentations, listen and write articles at academic level, and can convey their own work in written, oral and visual formats in national or international platforms. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Carries oıut application projects in industry | 3 |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Carries out literature survey |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Meaning of energy, economics, policy and politics | Reading lecture notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | The rules of economy; Macroeconomy and microeconomy | Reading lecture notes | Öğretim Yöntemleri: Anlatım |
| 3 | The rules of energy economics | Reading lecture notes | Öğretim Yöntemleri: Anlatım |
| 4 | Criteria for energy policy | Reading lecture notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Cronological evaluation for energy economics and energy policy | Reading lecture notes | Öğretim Yöntemleri: Anlatım |
| 6 | Evaluation of convansional energy resources related with economics and policy | Reading lecture notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | Evaluation of alternative energy resources related with economics and policy | Reading lecture notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | Exam preparation | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Economic analysis for energy projects | Reading lecture notes | Öğretim Yöntemleri: Anlatım |
| 10 | Reserve evaluation for energy resources and their ecomic analysis | Reading lecture notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Modelling methods for energy economics and energy policy | Reading lecture notes | Öğretim Yöntemleri: Anlatım |
| 12 | Assessing for energy in the world | Reading lecture notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Assessing for energy in Turkey | Reading lecture notes | Öğretim Yöntemleri: Anlatım |
| 14 | Future energy projection for the world | Reading lecture notes | Öğretim Yöntemleri: Anlatım, Tartışma |
| 15 | Future energy projection | Reading lecture notes | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Exam preparation | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Exam preparation | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 4 | 56 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 18 | 18 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 154 | ||
| Total Workload / 25 (h) | 6,16 | ||
| ECTS | 6 ECTS | ||