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| Semester | fall semester 2021 |
| Course frequency | Every fall sem. |
| Lecturers | Hannes Weigt (hannes.weigt@unibas.ch, Assessor) |
| Content | In the lecture ‘Electricity Markets’ the economic structures in liberalized electricity markets will be examined. After a short overview on the basic functionality of electricity markets different topics will be discussed. The topics will cover current challenges associated to the ongoing transition towards a carbon free energy supply (i.e. integration of intermittent renewables, sector coupling). The main focus of the assessment will be on economic incentive structures and market and policy design. |
| Learning objectives | The aim of the lecture is to provide a basic understanding of the market structure and architecture of electricity markets, the application of competitive and regulatory theories to case studies, and the capability to investigate current challenges in electricity markets from an economic perspective. |
| Bibliography | The short overview on the basics of electricity markets are based on the textbooks "Power System Economics" by Steven Stoft, "Fundamentals of Power System Economics" by Daniel Kirschen and Goran Strbac, and “Regulation of the Power Sector” by Ignacio Pérez-Arriaga. In the discussion part, recent papers and reports will be used. All relevant literature will be provided as downloads. |
| Comments | The lecture will be taught in the hybrid format, i.e. in-class with a simoultaneous live-stream. |
| Weblink | Weblink |
| Admission requirements | The lecture is part of the field courses in the Master in Economics and Public Policy. Understanding of basic micro-economics, industrial organization and numerical methods is recommended. |
| Course application | Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Tuesday | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S13 HG.35 |
| Comments | The course is planned as an in-class course, if necessary it will be offered in hybrid form, i.e. with a simultaneous livestream or as an online course. |
| Modules |
Module: Field Electives in Economics and Public Policy (Master's Studies: Economics and Public Policy) Module: Policy Field: Environment and Energy (Master's Studies: Economics and Public Policy) Module: Preparation Master's Thesis in Economics (Master's Studies: Sustainable Development) Module: Specific Electives in International Trade, Growth and the Environment (Master's Studies: Business and Economics) Specialization Module: Markets and Public Policy (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) |
| Assessment format | record of achievement |
| Assessment details | written exam: 14.01.22; 12:15-13:45. WWZ S13: A-Z. In case COVID-19 protective measures prevent examination on site, the faculty reserves the right to conduct the examination electronically during the same time slot. You can still withdraw from the examination by submitting a completed, signed form to our office from 19.10.21 until 29.10.21 / 12:00 o’clock. Please send your form by mail to belegungstorno-wwz@unibas.ch. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 18.10.21, please only use MONA for withdrawing. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |