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29002-01 - Lecture: Electricity Markets (3 CP)
| Semester | fall semester 2023 |
| 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 | Voluntary homework during the semester allow to obtain bonus points for the final written exam (bonus-points will only be added to exam points after a 4.0 has been reached without bonus!). Details are explained in the first lecture. |
| 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 enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and 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, Auditorium |
Dates
| Date | Time | Room |
|---|---|---|
| Tuesday 19.09.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 26.09.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 03.10.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 10.10.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 17.10.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 24.10.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 31.10.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 07.11.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 14.11.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 21.11.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 28.11.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Tuesday 05.12.2023 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| 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 Business, Trade and the Environment (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment details | Written exam: 18.01.24; 14:30-16:00. DSBG Sporthalle: A-Z. For this exam you will still receive additional information by email. You would have to be on site at least 30 minutes before the exam starts. The addresses of the examination rooms can be found here: https://wwz.unibas.ch/de/studium/pruefungen/vorlesungs-und-pruefungsraeume/ You can still withdraw from the examination by submitting a completed, signed form to our office from 17.10.23 until 27.10.23 / 12:00 o’clock. The deregistration form and the mail address can be found on the homepage of the Dean of Studies Office: https://wwz.unibas.ch/en/studies/examinations/de-/registration-of-examinations/ Prior to 16.10.23, please deregister only in the Online Services. |
| 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 |