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Challenges in Energy Markets (Global power plant projects in a changing energy market)

Module WI001223

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 SS 2021 (current)

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

Whether the module’s courses are offered during a specific semester is listed in the section Courses, Learning and Teaching Methods and Literature below.

available module versions
SS 2021WS 2020/1SS 2020WS 2019/20

Basic Information

WI001223 is a semester module in English language at Master’s level which is offered in winter semester.

This Module is included in the following catalogues within the study programs in physics.

  • Catalogue of soft-skill courses
Total workloadContact hoursCredits (ECTS)
90 h 30 h 3 CP

Content, Learning Outcome and Preconditions

Content

In the course of this module, students gain an overview of global power plant projects in a changing energy market. The module covers the following topics: general expectations for the energy market up to 2030; mix of power generation technologies; execution of energy projects into themes of project management; case studies for individual stages of project execution, challenges and project risks; financing models of energy projects; supply chain management - exemplified by various power plant technologies; methods to implement innovation.

Learning Outcome

After completion, students are able to analyze the fundamental changes taking place in the worldwide energy markets, the specific challenges, and the competitive environment. Further, they are able to outline how large-scale power plant projects are planned and successfully executed. They can also compare various financing models for the different types of power plants. Furthermore, they can analyze the importance of supply chain management for manufactures of various power technologies. Moreover, they can differentiate between various methods for implementing innovations. Finally, they are able to apply theoretical concepts to energy markets and manufacturers of energy technologies.

Preconditions

None

Courses, Learning and Teaching Methods and Literature

Courses and Schedule

TypeSWSTitleLecturer(s)DatesLinks
VO 2 Challenges in Energy Markets (WI001223) Birnbaum, L. Gorski, V.
Responsible/Coordination: Schwenen, S.
singular or moved dates
eLearning

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

Current notice: Due to the continuing CoViD19-pandemic, the exam for this winter semester 2020/21 has been adjusted.
The examination is an unsupervised online Moodle-Test.
The module examination is based on a written exam (60 minutes), which has two parts. The first part (≤ 20%) 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 (≥ 80%) 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. Students moreover have to apply their ability to compare various financing models for different power plant types. Further, they have to apply theoretical concepts presented in the lecture.

Exam Repetition

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

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