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  6. BU5061: Economic Analysis for Energy

BU5061: ECONOMIC ANALYSIS FOR ENERGY (2016-2017)

Last modified: 28 Jun 2018 10:27


Course Overview

The course will cover the main elements of Microeconomic Theory. Consumer theory will be examined by discussing how consumers choose under the constraint of a budget to generate demands. This theory will then be extended to include choice under uncertainty and intertemporal choice. Some basic elements of competitive markets will also be presented. Producer theory will be examined to understand how firms decide the quantity to be produced under the constraint of a technology. Other relevant topics, such as public goods, externalities, and auctions, will be covered.

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Dr Mauro Papi

Qualification Prerequisites

None.

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)
  • One of MRes Finance (Studied) or MSc (Econ) in Petroleum, Energy Economics and Finance (Studied) or MSc (Econ) in Finance and Investment Management (Studied) or MSc (Econ) in Finance and Investment Management (Includes Cfa Exam) (Studied) or MSc in Accounting and Finance (Studied) or MSc (Econ) in Accounting and Finance (Studied) or MSc Economics of Health (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

An introduction to techniques of used in microeconomic modelling. Topics covered include consumer theory, theory of the firm, market structure, choice under uncertainty, and an introduction to game theory. 

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

First attempt: 1 two-hour written examination (60%) plus continuous assessment (40%) comprising two written class tests (comprising multiple-choice, problem-sets and short answer questions).

Resit Attempt: 1 two-hour written examination (100%).

Formative Assessment

There are no assessments for this course.

Feedback

None.

Course Learning Outcomes

None.
 

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