Lecture Industrial Economics and Regulation of Energy Markets

General Information:

 

Outline:

This course discusses both theoretically and empirically the industrial economics and regulation of energy markets. It examines the fundamentals of primary energy markets for coal, gas and oil, foundations of electricity markets, price regulation, regulation of networks, policies to promote security of supply and policies to control emissions. A focal point of this course lies on electricity markets and their theoretical description and empirical analysis.

The course will be held in English. Prior knowledge/previous courses at TUM or elsewhere in microeconomics and introductory statistics/econometrics are recommended. The course can be integrated into the MSc track (Vertiefung) Finance & Accounting.