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ECE464 Introduction to Energy Economics

Home » Studies » Undergraduate Studies » Undergraduate Courses » ECE464 Introduction to Energy Economics
    Subject AreaEnergy
    SemesterSemester 8 – Spring
    TypeElective
    Teaching Hours4
    ECTS6
    Course Sitehttps://eclass.uth.gr
    Course Director

    Lefteris TsoukalasLefteris Tsoukalas, Professor
    E-mail: lht@uth.gr

    Course Instructor
    • Maria Karasimou, Scientific Collaborator
      E-mail: makara@uth.gr
    • Description
    • Learning Outcomes

    The topics covered in the course include:

    • Economics and economy.
    • Productivity Curve and Market Functioning.
    • Microeconomics and Macroeconomics.
    • Demand, Supply and the concept of the Market as an Architecture, with technical characteristics and relationships with the Information Economy
    • Market equilibrium and imbalance.
    • Elasticity.
    • Consumer options and demand decisions.
    • Bid decisions
    • Cost and supply.
    • Perfect competition and pure monopoly.
    • Market structure and imperfect competition.
    • Energy economy.
    • Fuel and energy content.
    • Design based on financial indicators.
    • Demand management with information from market systems.
    • IT and energy infrastructure links.

    The course is a basic introduction in the concepts of economics and energy.
    The aims of the course are:

    • Introduction to the basic concepts of economics and their applications to the energy industry
    • Understanding the specificities of energy
    • Introduction to the structure of the electricity markets and their architecture as real-time energy pricing mechanisms.
    • Discussion of the introductory concepts of fuel economy and energy saving and energy management in financial terms and criteria
    • Understanding of the importance of electricity in a country’s progress and growth, and in the contemporary global economy

    Upon successful completion of the course students will be able to:

    • Have an understanding of the key and critical features of the economic concepts, of energy economics and their relation to the economy
    • Comprehend and utilize financial problem solving tools and techniques.
    • Analyze and calculate the key elements of the energy market systems
    • Have an overall understanding of the processes and methodologies used to energy economy problem solving, and the IT infrastructure of intelligent energy systems, where the real-time demand management primary information derive from energy economics.

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    • Sekeri – Cheiden Str, Pedion Areos, Volos
    • +30 24210 74967
    • +30 24210 74934
    • Email: gece@uth.gr

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