Challenges in Energy Markets
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
Module version of WS 2016/7
There are historic module descriptions of this module. A module description is valid until replaced by a newer one.
WI001039 is a semester module
in English language
at Master’s level
which is offered in summer semester.
|Total workload||Contact hours||Credits (ECTS)|
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.
Upon completion of the module, students understand the fundamental changes taking place in the worldwide energy markets and the specific challenges. 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. Moreover, they can identify key success factors for business development and can evaluate business models from the viewpoint of the capital market. Finally, they can apply theoretical concepts on energy markets and manufacturers of energy technologies.
Courses and Schedule
Learning and Teaching Methods
The module combines various learning methods:
- Basic knowledge, theoretical concepts and practical examples are provided through the lecture.
- Controversial discussions and interaction in class are encouraged to deepen understanding of the contents presented.
- In integrated exercises in the lectures, students will independently answer concrete questions and analyze selected case studies.
- 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. TÜVMedia, 11. Auflage, 2010.
- Yergin, D.:The QuestEnergy, Security, and the Remaking of the Modern World, 2012.
Description of exams and course work
The module examination is based on a written exam at the end of the term. The final exam will last 60 minutes. As an auxiliary, dictionary is allowed. Notes and other materials are not permitted. The exam has two parts. The first part (≤ 60%) consists of multi-choice, true/false and matching questions. Students have to demonstrate that they are familiar with energy markets worldwide and their specific challenges. Further, they have to prove their awareness/understanding of current developments and challenges on energy markets. The second part (≥ 40%) consists of open questions. In the open questions, students have to explain business models of manufactures of energy technologies and compare and apply theoretical concepts applied in the energy industry.
There is a possibility to take the exam in the following semester.