Logistics Management (English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNCE422 | ||||||||
Course Name: | Energy Economics | ||||||||
Course Semester: |
Spring |
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Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Faculty Elective | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. FATMA ÇİĞDEM ÇELİK | ||||||||
Course Lecturer(s): | |||||||||
Course Assistants: |
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. |
The students who have succeeded in this course;
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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 |
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: | 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 |
Learning Outcomes | 1 |
2 |
3 |
4 |
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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. |
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. |
Field Study | |
Peer Review | |
Individual study and homework | |
Report Writing | |
Technical Tour |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Oral Examination | |
Application | |
Individual Project | |
Reporting |
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 |
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 |