Olewiler, The Economics of Natural Resource Use, 2nd ed.
NETWORK ENERGIES : THE ECONOMICS AND POLITICS OF GAS AND ELECTRICITY
Semester : Spring Number of hours : 24 Language of tuition : English
features and the changing mix ; electricity as a real-time commodity : power trading, the role of market operators and the role of grid operators ; the challenges to generation adequacy and grid stability ; new business models for a changing electricity system. Required reading : Spencer Dale (Chief Economist, BP), BP Energy Outlook 2035, February 2015, video podcast and presentation : http :// www.bp.com/en/global/corporate/energy-economics/energy-outlook-2035.html ; https :// www.bp.com/content/dam/bp/pdf/energyeconomics/energy-outlook-2015/bp-energyoutlook-2035-booklet.pdf ; Laszlo Varro (Chief Economist, IEA), Conversation with Jason Bordoff at the Columbia University Center on Global Energy Policy, April 2016, audio podcast : http :// energypolicy.columbia.edu/laszlo-varro-chiefeconomist-international-energy-agency-42016 ; Amory Lovins, A Farewell to Fossil Fuels, Foreign Affairs, March/April 2012 ; John Deutch, The Good News About Natural Gas : The Natural Gas Revolution and Its Consequences, Foreign Affairs, January/February 2011 ; International Energy Agency, Repowering Markets : Market design and regulation during the transition to lowcarbon power systems, 2016.
Teachers : Andrea BONZANNI (Regulatory Advisor). Prerequisite : A basic knowledge of energy markets and energy economics. Complete the required readings, as detailed in the syllabus, before the beginning of the course. Pedagogical format : Seminar Course validation : The maximum course evaluation is 20 points. You will be marked : up to 5 points for the Midterm Exam ; up to 7 points for the Final Exam ; up to 6 points for the Role Play (delivery + reﬂection note) ; up to 2 points for participation in class. Please refer to the “Evaluation” section in the course outline. Course Description : Natural gas and electricity are so-called “network energies” and are often treated together as they share similar features. This course analyses both industries from production all the way down to end-users, highlighting the many similarities and crucial differences between the two. The main focus will be on applied economics and politics, as the two are invariably linked and their interactions heavily inﬂuence outcomes in gas and electricity markets. The objective of the course is to provide a conceptual and practical introduction to the value chains of natural gas and electricity. Much attention will be devoted to key current issues and ongoing debates so that students can gain a useful insight on daily life in the industry, enabling them to “hit the ground running” in their future energy-related jobs. Core gas themes will be : the industry and how it is structured ; the upstream picture ; pipelines and LNG ; network regulation in a liberalised gas industry ; gas trading, balancing and the role of storage. And for electricity : the industry and how it is structured ; power generation sources, their
NEW COMBINATION OF HARD AND SOFT POWER : CASE STUDY OF CONTEMPORARY RUSSIA
Semester : Autumn Number of hours : 24 Language of tuition : English
Teachers : Carina STACHETTI (Consultante). Prerequisite : None. Pedagogical format : Seminar Course validation : Class participation : attendance, contribution to discussions, representing 10% of the ﬁnal grade. Book review (around 1,500 words) : 35% of the ﬁnal grade ; Paper assignment : (around 3,000 words, including references) offering the opportunity to explore a topic of interest to each student (individual or teamwork). This assignment represents 55% of the ﬁnal grade. 1587