GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
ECONOMICS OF ENERGY/IKTI312
Course Title: ECONOMICS OF ENERGY
Credits 3 ECTS 5
Semester 6 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Prof. Muslume Narin
 -- WEB SITE(S) OF LECTURER(S)
   http://websitem.gazi.edu.tr/site/muslume
 -- EMAIL(S) OF LECTURER(S)
   muslume@gazi.edu.tr, muslumenarin@gmail.com
 -- LEARNING OUTCOMES OF THE COURSE UNIT
At the end of this course successful students will have knowledge about the role of energy in the economy.
They will have knowledge about the energy markets and about the properties of energy supply and demand
They will have learned how the oil, coal and natural gas markets.
They will knowledge about the privatization of elecricity markets and electricity production.
They will have learned the structure of OPEC monopoly.
They will have knowledge about the externalities and energy pollution.
They will have knowledge about the public goods and global climate change.


 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week   Introduction and basic concepts
2. Week   The role of energy in the economy
3. Week  Energy sources
4. Week  Energy supply and demand
5. Week  World oil markets
6. Week   Energy Market Arrangements for Electric and Natural Gas
7. Week  Energy policies in world
8. Week  Midterm exam
9. Week   Perfect competition and the coal Industry
10. Week   Natural monopoly and electricity generation
11. Week   Privatization of electricity generation
12. Week   Monopoly and OPEC
13. Week   Market structure, transaction cost economics and Turkey natural gas markets
14. Week   Externalities and energy pollution
15. Week   Public goods and global climate change
16. Week  Final exam
 -- RECOMMENDED OR REQUIRED READING
  Levent Aydın, Enerji Ekonomisi ve Politikaları, Seçkin Yayıncılık, 2. Baskı, 2016. Carol A. Dahl, International Energy Markets: Understanding Pricing, Policies and Profits, 2004. Subhes C. Bhattacharyya, Energy Economics: Concepts, Issues, Markets and Governance, 2011. Develi, Abdulkadir / Kaynak, Selahattin (eds.), Energy Economics, Peter Lang, Frankfurt am Main, Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2012.
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
   Lecture, question & answer, demonstration, drill-practise
 -- WORK PLACEMENT(S)
  Not Applicable
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
15
3
45
 Practising Hours of Course Per Week
0
 Reading
15
2
30
 Searching in Internet and Library
15
1
15
 Designing and Applying Materials
0
 Preparing Reports
0
 Preparing Presentation
0
 Presentation
0
 Mid-Term and Studying for Mid-Term
1
15
15
 Final and Studying for Final
1
20
20
 Other
0
 TOTAL WORKLOAD: 
125
 TOTAL WORKLOAD / 25: 
5
 ECTS: 
5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To have theoretical and practical knowledge about the fields of Economic Theory, Economic Development and International Economics, Economic History and Economic PolicyX
2To gain professional qualification to work in public institutions and private sector organizations as an inspector, assistant expert or auditorX
3To have knowledge about the other disciplines related to EconomicsX
4To have adequate social responsibility and awareness with regards to the needs of the society, and also to be aware of professional and scientific ethical codesX
5To have the experience of using information technologies and basic computer programs in order to share their accumulated knowledge and problem solving ability, and communicate with colleagues in a foreign languageX
6To have a knowledge of the quantitative and qualitative methods that will help to examine the premises of different theoriesX
7To be able to utilize the academic, professional, regional, and global networks efficiently, and to interpret the legislationX
8To be compatible for teamwork in order to use their accumulated knowledge in the national and the international research projectsX
9To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideasX
10To be able to evaluate the practical implications of the knowledge about economic theoryX
11To be able to analyze the effects of international economic relationsX
12To evaluate the development of economic theories and economic problems from a historical perspectiveX
13To have knowledge about the effects of various economic policies in order to develop solutions for current economic problemsX