Course Details

Objective

By the end of the course, participants will be able to understand

• Understand the basic principles of energy economics and its relationship with global markets.
• Learn about the key factors that influence energy production, pricing, and consumption.
• Explore the role of government policies in shaping energy markets, including regulation and subsidies.
• Gain insight into the economic implications of energy sustainability, climate change, and energy transition.
• Examine various energy sources (fossil fuels, renewable energy) and their economic impact.
• Understand the role of international energy organizations and agreements in global energy policy.

Content

Day 1: Introduction to Energy Economics

• Basic concepts of energy economics: supply and demand, market structures, and pricing
• The global energy landscape: major energy producers and consumers
• The role of energy in economic development and growth
• Overview of energy markets: electricity, oil, gas, and renewables

Day 2: Energy Markets and Pricing Mechanisms

• How energy markets work: wholesale and retail pricing
• Factors influencing energy prices: demand, supply, and market regulations
• Price volatility in energy markets: causes and effects
• Market failures and energy subsidies

Day 3: Government Policies in Energy Economics

• The role of government in energy markets: regulation vs. market-driven approaches
• Energy policy tools: taxes, subsidies, and incentives
• Energy security policies and national energy strategies
• The role of international organizations (IEA, OPEC) in global energy governance

Day 4: Sustainable Energy Economics

• Economic challenges and opportunities of renewable energy
• Economic implications of energy transition to low-carbon technologies
• The economics of energy efficiency and conservation
• Climate change policy and its impact on energy markets

Day 5: International Energy Policy and Global Cooperation

• Energy policy at the international level: global agreements and frameworks
• The role of the UN and international treaties in energy policy (e.g., Paris Agreement)
• The economics of energy trade and geopolitical implications
• Future trends in global energy markets and policy

NOTE:

Pre-& Post Tests will be conducted.

Case Studies, Group Exercises, Group Discussions, Last Day reviews, and assessments will be carried out.

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences.  Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

• 30% Lectures
• 30% Workshops and work presentation
• 20% Group Work& Practical Exercises
• 20% Videos& General Discussions