ECON 530 | Course Introduction and Application Information

Course Name
Energy Economics and Finance
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 530
Fall/Spring
3
0
3
7.5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
Second Cycle
Course Coordinator -
Course Lecturer(s) -
Assistant(s) -
Course Objectives The aim of this course is to cover basics in financing energy projects as well as teach the students the different instruments that are available for hedging risks in the energy sector.
Learning Outcomes The students who succeeded in this course;
  • will be able to define basic economic concepts that underly energy production and end use.
  • will be able to explain how local, regional, and global institutions affect energy markets and prices.
  • will be able to discuss historical and contemporary public policy issues related to energy in Turkey, the region and the world.
  • will be able to analyze specific energy industries and policy questions.
  • will be able to define energy derivatives.
Course Description This course examines economic theory, empirical perspectives, and political economy of energy supply and demand. It discusses aspects of local, national, and global markets for oil, natural gas, coal, electricity, nuclear power, and renewable energy; and examines public policies affecting energy markets including taxation, price regulation and deregulation, energy efficiency, and control of emissions. The course will also cover energy derivatives and the link between energy and financial markets.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction
2 Financial forwards Related chapter from Options, Futures and Other Derivatives
3 Financial futures Related chapter from Options, Futures and Other Derivatives
4 Financial futures Related chapter from Options, Futures and Other Derivatives
5 Commodity forwards/futures Related chapter from Options, Futures and Other Derivatives
6 Hedging with forwards/futures Related chapter from Options, Futures and Other Derivatives
7 Hedging with forwards/futures Related chapter from Options, Futures and Other Derivatives
8 Swaps Related chapter from Options, Futures and Other Derivatives
9 Swaps Related chapter from Options, Futures and Other Derivatives
10 Midterm
11 Financing Energy Development Related chapter from Options, Futures and Other Derivatives
12 American Options Related chapter from Options, Futures and Other Derivatives
13 European Options Related chapter from Options, Futures and Other Derivatives
14 Greeks Related chapter from Options, Futures and Other Derivatives
15 Review of the Semester  
16 Review of the Semester  

 

Course Notes/Textbooks Options, Futures and Other Derivatives (6th edition), by John C Hull.
Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
2
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
60
Weighting of End-of-Semester Activities on the Final Grade
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
14
3
Field Work
Quizzes / Studio Critiques
Homework / Assignments
2
25
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
35
Final Exam
1
50
    Total
225

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To improve and deepen expertise in economics and finance.

X
2

To be able to comprehend the interaction between economics, finance and related fields.

3

To be able to apply the advanced level knowledge acquired in economics and finance.

4

To be able to create new knowledge by combining the knowledge of finance and economics with the knowledge coming from other disciplines and be able to solve problems which requires expert knowledge by applying scientific methods.

5

To be able to use computer programs needed in the fields of economics and finance as well as information and communication technologies in advanced levels.

6

To be able to think analytically to identify problems in finance and economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems.

X
7

To be able to develop new strategic approaches for unexpected, complicated situations in finance and economics and take responsibility in solving it.

8

To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to institute and observe these values.

9

To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently.

10

To be able to use a foreign language for both following scientific progress and for written and oral communication.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest