Logistics Management (English)
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

FNCE422

Course Name:

Energy Economics

Course Semester:

Spring

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	6

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Faculty Elective

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Prof. Dr. FATMA ÇİĞDEM ÇELİK

Course Lecturer(s):

Course Assistants:

Course Objective and Content

Course Objectives:

The importance of energy in economic development is undisputable. Globalization and the trend towards liberalization, deregulation and privatization also make energy markets center of interests.
Energy economics studies energy resources and energy commodities and includes forces motivating firms and consumers to supply, convert, transport, use energy resources, and to dispose of residuals; market structures and regulatory structures; distributional and environmental consequences.
The course on energy economics also covers energy market models around the globe. Electricity markets will be analyzed in depth. The main emphasis will be on the differing experiences in electricity markets of countries and districts.

Course Content:

Introduction to energy markets; the distinction between primary and secondary energy; the distinction and relationship between domestic and international energy markets, coal markets, oil markets, natural gas markets, electricity markets; structures of the energy markets; price dynamics; market regulation; investment in energy markets; competition in energy markets; trade in energy; energy dependency and energy security issues; energy policies and their effects on the market structure and price dynamics global warming, energy-climate controversies.

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) Have the basic knowledge to understand energy resources and policies
2) Will be able to understand the global warming debate and produce ideas.
3) To be able to analyze renewable energy sources
4) To be able to explain the basic criteria (such as efficiency, energy security and sustainability) used in policy discussions
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	The Aspects of World Energy	none
2)	Economic Theory and World Oil	reading
3)	Natural Gas Economics	reading
4)	Coal and Discontents	reading
5)	Nuclear Energy	reading
6)	Renewable Energy	reading
7)	Economics and Electricity	reading
8)	Electricity (Analysis in depth, models, countries, regions.....)	reading
9)	Energy and Money	reading
10)	Global Warming	reading
11)	Turkey (energy issues)	reading
12)	Water Energy	reading
13)	Water Agrıculture	reading
14)	None- Hydro Renewable	reading
15)	Fınal Exam	none

Sources

Course Notes / Textbooks:

Ferdinand E Banks (2007), The Political Economy of World Energy, World Scientific Publishing Co.
Steven Stoft(2002),Power System Economies, IEEE Press.
Colin Robinson (2003), Competition and Regulation in Utility Markets.
Geoffrey Rothwell and Thomas Gomez (2003), Electricity Economics.
Lester C.Hunt (2003),Energy in a Competitive Market.
Jean-Michel Glanchant and Dominique Finon(2003), Competition in European Electricity Markets.
Ahmad Farquei and Kelly Eakin(2003), Pricing in Competitive Electricity Markets.
Venkataraman Krishnaswamy, and Gary Stuggins(2003),Private sector participation in the power sector in Europe and Central Asia : lessons from the last decade.World Bank.
Joanne Evans and Lester C. Hunt(2009), International handbook on the economics of energy, Northampton : Edward Elgar Publishing
Chick Martin(2009), Electricity and energy policy in Britain, France and the United States since 1945, Northampton : Edward Elgar Publishing.
Jean-Michel Glachant, Francois Lâevãeque(2009),Electricity reform in Europe : towards a single energy market, Cheltenham, UK ; Northampton, MA : Edward Elgar, c2009

References:

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3	4
Program Outcomes
1) Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline.
2) Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions.
3) Designs a logistics system that will support the business mission and objectives.
4) Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks.
5) Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment.
6) Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment
7) Can translate and explain the contents of documents written in English related to the field.
8) Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields.
9) Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline.
2)	Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions.
3)	Designs a logistics system that will support the business mission and objectives.
4)	Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks.
5)	Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment.
6)	Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment
7)	Can translate and explain the contents of documents written in English related to the field.
8)	Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields.
9)	Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added.

Learning Activity and Teaching Methods

Field Study
Peer Review
Individual study and homework
Report Writing
Technical Tour

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Application
Individual Project
Reporting

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Attendance	1	% 10
Midterms	1	% 40
Final	1	% 50
total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	16	48
Study Hours Out of Class	16	64
Project	1	12
Homework Assignments	16	32
Midterms	2	16
Final	1	22
Total Workload		194