Energy EconomicsLaajuus (5 cr)

Objective

The students understand the central concepts of energy economics. They know the energy sources, and they familiarise themselves with the world’s energy reserves and consumption, and with the goals and conditions set by the environmental policy. The students also know the major electricity and heat and production methods, the structure of electrical systems, and they familiarise themselves with the functioning of the electricity market and the costs of electricity production and use.

Content

General knowledge of energy
World’s energy reserves
Use of energy in Finland and other countries
Power plants; steam boilers, nuclear power plants, hydroelectric power, renewable energy sources
Energy production costs
Electrical system (transmission, distribution and functionality)
Climate change and climate conventions
Energy Efficiency Agreement System
Other environmental impacts
Nordic and European energy markets

Qualifications

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Assessment criteria, satisfactory (1)

- Excellent (5): The student masters most of the concepts and methods and is able to apply them independently
- Good (3-4): The student masters some of the concepts and methods and is able to apply them.
- Satisfactory (1-2): The student understands some of the concepts and methods