Course syllabus - Energy market perspectives

Objectives

The course shall give in-depth knowledge on why energy markets around the world are set up, works and change in different ways. The course will give an understanding on how economic, business-related, social and technological perspectives affect the design of energy markets and how energy market actors behave on the energy markets.

Learning outcomes

1. Describe how national governments, and authorities, as well as the institutions of the European Union can affect energy markets, pricing of energy and the behaviour of energy market actors. 
2. Analyse and explain the historical development of a specific energy market, based on economic, business, geographical, political, social and technical perspectives. 
3. Discuss and problematize concepts and models from research on business relationships and networks in an energy market context. 
4. Describe and analyse the need for tools for optimization, decision support and planning of complex energy systems. 
5. Independently identify and reason about opportunities and limitations for the impact of digitalisation as well as information and communication technology (ICT) on the development of energy markets and the behaviour of market actors. 
6. In cooperation with other students plan, perform and present an independent and exploratory project.

Course content

The course presents and discuss concepts and models from multiple research subjects and areas (e.g. energy market pricing as well as business relationships and networks) that together with an understanding of energy technology can be used to study the structure of energy markets and its actors' behaviour, and how its development could be affected. Students will also in project form independently explore how ICT and digitalisation can affect energy markets.

Tuition

Lectures, seminar, project work

Specific requirements

150 ECTS credits from an engineering programme, and thereof at least 30 ECTS credits in energy technology. In addition Swedish course B/Swedish course 3 and English course A/English course 6 are required. For courses given entirely in English exemption is made from the requirement in Swedish course B/Swedish course 3.

Examination

Project (PRO1), 4.5hp, grade Excellent (A), Very good (B), Good (C), Satisfactory (D), Sufficient (E), Insufficient, complementary work possible (Fx), Insufficient (F) , learning outcomes 1, 3, 4, 5, 6
Seminar (SEM1), 1hp, grade Fail (U) or Pass (G), learning outcomes 2, 3, 5
Assignment (INL1), 2hp, grade Excellent (A), Very good (B), Good (C), Satisfactory (D), Sufficient (E), Insufficient, complementary work possible (Fx), Insufficient (F) , learning outcomes 1, 2, 5

A student who has a certificate from MDU regarding a disability has the opportunity to submit a request for supportive measures during written examinations or other forms of examination, in accordance with the Rules and Regulations for Examinations at First-cycle and Second-cycle Level at Mälardalen University (2020/1655). It is the examiner who takes decisions on any supportive measures, based on what kind of certificate is issued, and in that case which measures are to be applied.

Suspicions of attempting to deceive in examinations (cheating) are reported to the Vice-Chancellor, in accordance with the Higher Education Ordinance, and are examined by the University’s Disciplinary Board. If the Disciplinary Board considers the student to be guilty of a disciplinary offence, the Board will take a decision on disciplinary action, which will be a warning or suspension.

Grade

Excellent, Very good, Good, Satisfactory, Sufficient, Insufficient, complementary work possible, Insufficient

Interim Regulations and Other Regulations

Overlaps with MXA115, 2 hp.