Last modified: 28 Jun 2018 10:27
This course will build on the skills introduced in the first semester Quantitative Methods and develop skills in applying a variety of empirical methods taught across the programme to issues in energy.
|Session||Second Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
This course will consider the application of a range of empirical methods. For each method, any required background to the method will be discussed, and the practical application of the technique to a case introduced. Applications may include: 1. Applying Investment Appraisal Methods: Developing a Spreadhseet Model, Sensitivity Analysis, Monte Carlo Simulation 2. Modelling Retail-Wholesale Price Margins in Energy Markets: The Impact of Market Structure; Econometric analysis of Retail-Wholesale Data 3. Modelling Energy Demand; Theory and Model specification; Econometric Issues 4. Modelling the Economics of a Fuel Mandate; Formulating a simple model of the market; Counter-factual analysis 5. Industry Analysis; Structure, Performance, Conduct; Testing the evidence
This is the total time spent in lectures, tutorials and other class teaching.
1 two-hour written examination (60%); continuous assessment (40%).
Resit: 1 two-hour written examination (100%).