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Course Code: 
ECON 462
Course Type: 
Area Elective
P: 
3
Application: 
0
Credits: 
3
ECTS: 
5
Course Language: 
İngilizce
Course Coordinator: 
Courses given by: 
Course Objectives: 

To give introductory knowledge in the field of energy economics and to depict the importance of sustainable energy production.

Course Content: 

Energy basics, energy sources and commodities, introduction to energy planning methods, introduction to energy economics, energy investments, environmental effects of energy production, special features of developing countries. 

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study
Course Evaluation Methods: 
A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes Program Learning Outcomes Teaching Methods Assessment Methods
To define the general and basic concepts of energy for an easy understanding of the different aspect dealt with. 3 1, 2, 3, 12 A, C
To develope the different aspects of energy balance mainly physical balance. 2, 3 1, 2, 3, 12 A, C
Definition of energy economics, the main issues subject to the investigations in energy economics, interactions between energy system and the subsectors of the economy. 2, 4,5 1, 2, 3, 12 A, C
Energy sources, commodities, energy production, consumption and basic human needs, energy and quality of life.   2, 3 1, 2, 3, 12 A, C
Different variables and parameters of an energy system, energy planning methods, Allocation of energy sources, source and technology substitutions  2, 3, 4 1, 2, 3, 12 A, C
Environmental effect of energy production, sustainable energy production, the recent results of IEA-WEO.  5 1, 2, 3, 12 A, C

Course Flow

COURSE CONTENT
Week Topics Study Materials
1 Chapter 1: Introduction  
2 Chapter 2: Energy and Quality of Life  Lecture Notes
3 Chapter 3.  Energy Recources and Forecast:  Energy recources  and accounting, Lecture Notes
4 Energy resources Lecture Notes
5 Energy Resources (continue), World Energy Forecast Studies, Lecture Notes
6 Studies of the IEA (WEO-2010 Report) and some DOE energy reports summaries. Executive summary of latest IEA-WEO and its facts sheets.
7 Special feature of developing countries. Energy investments, levelized cost of energy Lecture Notes
8 Chapter 4. Introduction to economics of energy. Lecture Notes
9 An Introduction to Energy Supply and Demand Planning: Introduction, basic elements of energy planning, variables and parameters, important determinants of energy policy,  Lecture Notes
10 Energy planning methods, planning by models (econometric and other models),  Lecture Notes
11 Energy planning (continue) Lecture Notes
12 Chapter 5. Energy and Environment: Introduction, basic concepts, environmental effects of energy production.  Lecture Notes
13 Chapter 6. Sustainable energy production Lecture Notes
14 Chapter 7. New energy technologies Lecture Notes

Recommended Sources

Textbook Lecture Notes
Additional Resources [1]  S.C. Bhattacharyya  “Energy Economics”  Springer, 2011.
[2]  M. Kleinpeter   '' Energy Planning and Policy'' UNESCO Engineering Series,  John Wiley&Sons, 1995.

Material Sharing

Documents Executive summary of latest IEA-WEO and its facts sheets.
Assignments Worksheets
Exams A midterm and a final

Assessment

ASSESSMENT
IN-TERM STUDIES NUMBER PERCENTAGE
Mid-terms 0 100
Quizzes (attendance, presentation, etc.) 0 0
Assignments 0 0
  Total 100
Contribution of Final Examination to Overall Grade   60
Contribution of In-Term Studies to Overall Grade   40
  Total 100
Course Category  

Course’s Contribution to Program

COURSE'S CONTRIBUTION TO PROGRAM
No Program Learning Outcomes Contribution
    1 2 3 4 5
1 Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.          
2 Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems.         X
3 Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.       X  
4 By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.         X
5 Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.         X
6 Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.          
7 Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the  social development and global competitiveness.          

ECTS

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COUSE DESCRIPTION
Activities   Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Including the Exam Week: 15 x total course hours)   15 3 45
Hours for off-the-classroom study (Pre-study, practice)   15 3 45
Mid-terms   1 10 10
Quizzes (attendance, presentation, etc.)   0 0 0
Assignments   0 0 0
Final Examination   1 15 15
Total Work Load       115
Total Work Load / 25 (s)       4,6
ECTS Credit of the Course       5
None