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Challenges in Energy Markets

Module WI001039

This Module is offered by Assistant Professorship of Economics of Energy Markets (Prof. Schwenen).

This module handbook serves to describe contents, learning outcome, methods and examination type as well as linking to current dates for courses and module examination in the respective sections.

Module version of WS 2019/20 (current)

There are historic module descriptions of this module. A module description is valid until replaced by a newer one.

available module versions
WS 2019/20SS 2017WS 2016/7SS 2015WS 2011/2

Basic Information

WI001039 is a semester module in English language at Master’s level which is offered in winter semester.

Total workloadContact hoursCredits (ECTS)
90 h 10 h 3 CP

Content, Learning Outcome and Preconditions

Content

In the course of this module, students gain an overview of the challenges in energy markets. The module covers the following topics: expectations for the energy market up to 2030; mix of power generation technologies; changes in energy markets of selected countries; Germany’s energy transition; global competition; features of various business models and their strategic implications for suppliers of energy technologies; execution of energy projects incl. stages, challenges, risks, financing models; supply chain management applied to power plant projects; methods to foster innovation

Learning Outcome

Upon completion of the module, students understand the fundamental changes taking place in the worldwide energy markets and the specific challenges worldwide. Furthermore, they can explain the interactions of market mechanisms and their technical, macroeconomic and microeconomic impact. Students can also explain the competitive environment and the various business models of a manufacturer of energy technologies and how successful large-scale power plant projects are executed. Moreover, they can identify key success factors for business development and can evaluate business models from the viewpoint of the capital market. They can evaluate and explain different financing models for power plant projects and methods to foster innovation in this area.Finally, they can apply theoretical concepts on energy markets and manufacturers of energy technologies.

Preconditions

none

Courses, Learning and Teaching Methods and Literature

Courses and Schedule

TypeSWSTitleLecturer(s)Dates
VO 2 Challenges in Energy Markets (WI001039) Birnbaum, L. Gorski, V.
Responsible/Coordination: Schwenen, S.
singular or moved dates

Learning and Teaching Methods

The module is delivered through lecture and combines various learning methods:
- Basic knowledge, theoretical concepts and practical examples regarding energy markets are provided through the lecture.
- Controversial discussions and active participation in class are encouraged to deepen understanding of the contents presented.

Media

Presentation, Exercises

Literature

- Burger, M.; Graeber, B.; Schindlmayr, G.: Managing Energy Risk: An Integrated View on Power and Other Energy Markets. John Wiley & Sons, 1st Edition, 2007.
- Erdmann, G.; Zweifel, P.: Energieökonomik – Theorie und Anwendungen. Springer, 2. Auflage, 2010.
- International Energy Agency, World Energy Outlook
- Konstantin, P.: Praxisbuch Energiewirtschaft. Energieumwandlung, -transport und –beschaffung im liberalisierten Markt. Springer, 2. Auflage, 2009.
- Schiffer, H.-W.: Energiemarkt Deutschland. TÜV-Media, 11. Auflage, 2010.
- Yergin, D.:The Quest-Energy, Security, and the Remaking of the Modern World, 2012.

Module Exam

Description of exams and course work

The module examination is based on a written exam (60 minutes), which has two parts. The first part (≤ 50%) consists of multiple-choice questions, which test the students’ understanding and basic knowledge of global energy markets, energy projects and manufacturers of energy technologies. The second part consists of open questions, where students have to show their ability to analyze and evaluate global energy projects, current developments and the challenges for manufactures of energy technologies, including the successful execution of large-scale power plant projects worldwide. Students moreover have to apply their ability to compare various financing models for different power plant types. Students have to evaluate business models of manufacturers of energy technologies. Further, they have to apply theoretical concepts presented in the lecture. As an aid, only a monolingual dictionary is permitted.

Exam Repetition

There is a possibility to take the exam in the following semester.

Current exam dates

Currently TUMonline lists the following exam dates. In addition to the general information above please refer to the current information given during the course.

Title
TimeLocationInfoRegistration
Challenges in Energy Markets
Wed, 2020-02-12, 8:00 till 9:00 1200
till 2020-01-15 (cancelation of registration till 2020-02-05)
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