ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
| Business Administration (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: | Fall | ||||||||
| 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 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;
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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: | 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 |
Course-Program Learning Outcome Relationship
| Learning Outcomes | 1 |
2 |
3 |
4 |
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|---|---|---|---|---|---|---|---|---|---|
| Program Outcomes | |||||||||
| 1) Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models | |||||||||
| 2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions | |||||||||
| 3) Recognize the importance of technological development, especially in information technologies, and utilize them in business administration | |||||||||
| 4) Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking | |||||||||
| 5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures | |||||||||
| 6) Fulfill their responsibility in teamwork and projects in businesses, and act as a leader | |||||||||
| 7) Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of business administration | |||||||||
| 8) Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings | |||||||||
| 9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society | |||||||||
| 10) Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration | |||||||||
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models | |
| 2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions | |
| 3) | Recognize the importance of technological development, especially in information technologies, and utilize them in business administration | |
| 4) | Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking | |
| 5) | Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures | |
| 6) | Fulfill their responsibility in teamwork and projects in businesses, and act as a leader | |
| 7) | Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of business administration | |
| 8) | Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings | |
| 9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society | |
| 10) | Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration |
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 | |