Кто читает:: Департамент мировой экономики

Статус:: Курс по выбору

Когда читается:: 3-й курс, 3, 4 модуль

Преподаватель

Летова Ксения Сергеевна

Full Syllabus

Abstract

The course provides a general overview of the current state and the most recent trends in global andregional energy markets. It consists of two major parts. In the first part we will analyze the geography of energy resources to understand how the production, distribution and consumption of energy are determined and experienced in different regions and countries. We will look into the factors that affect demand and supply of energy sources at different levels of aggregation and across different sectors and examine how environmental policies, new technologies and government regulations are shaping the future of energy markets. For the remainder of the course, students will use what they learned from the global case order to conduct similar analyses of various nations, with each student working on a different country. Course projects direct students through a series of exercises to develop a national energy policy for their assigned country. Throughout this long-range exercise, the topics covered in lecture and in readings will direct and inform the analyses that students will be expected to carry out on their assigned nations. By way of discussions and short peer-led in-class presentations, students will have an opportunity to learn not only about “their” assigned countries but also those that their peers will take on. In the second part of the course we will take a closer look on the way oil, gas, coal and power markets are operating. For each of the market we will identify the main market players, trade flows between them, factors that are shaping these flows, explain how prices on these markets are determined and, more specifically, will determine the position of Russia on each of these markets. One of the aims of this class is to provide students with experience working on real-world issues faced by business firms and policy makers. Thus some of the lectures might be given by guest speakers – well-known Russian and international experts (Russian Academy of Scienc)

Learning Objectives

Getting to know the key trends in global energy markets and studying factors that affect demand and supply of energy sources at different levels of aggregation and across different sectors
Getting a general idea of the way oil, gas, coal and power markets are operating
Getting the basic knowledge of the geography of energy resources to understand how the production, distribution and consumption of energy and energy pricing are determined and experienced in different regions and countries
Determining the role of Russia on the global energy markets and getting an insight into the way different energy sectors of Russia are operating
Addressing energy issues from the lens of an energy company and getting a taste of working for an energy firm via solving a practical business case-studies
Learning to do literature and information search, work through long reading assignments, prepare posters and presentations, improve public speaking and time management skills and skills for effective team-working

Expected Learning Outcomes

Able to study, obtain new knowledge and get new skills, including those different from the professional field
Able to get scientific essence of the problems in professional field
Able to solve problems in professional field using analysis and synthesis
Able to evaluate resource needs and plan them
Able to work with the information: use different sources for solving scientific and professional problems (including those needed for system approach)
Able to do research, including analysis of the problems, setting tasks, finding subject and object of the research, choosing methods of the research and evaluating its quality
Able to communicate taking into account aims and situation of the discussion
Able to discuss and present ones thought orally and in written form both in Russian and English
Able to set scientific and research tasks
Able to gather, analyze and work with statistical data, information, scientific and research reports, needed for solving economic tasks
Able to create analytical report based on Russian and foreign sources of information
Able to present results of analytical and research activity
Able for self-organization for solving professional tasks
Able to organize the work of a small teammates created for realizing a concrete economic project

Course Contents

Introduction to the course
Key trends in world energy markets. Energy balance: energy sources, end-users and factors, affecting energy demand. Energy of the future. How technology could change the way energy is produced and consumed. The Rise of Global Agreements: Paris Accord. Russia in the new global energy landscape
Coal markets
Coal and environment: the case of China. Russian coal industry.
History of world oil industry
World oil markets. The role of IOCs & NOCs. Putting price on oil
Russian oil industry
History of the development, current state and challenges.
Practicum
Developing a strategy for a Russian oil and gas company
World gas markets
Major producers and consumers, the role of gas transportation
Gas markets
Gas markets of Europe and Asia. Regional gas pricing models and their evolution, contract terms.
Shale gas
Opportunities, challenges and its role on global energy markets.
Practicum
Russian gas: between Europe and Asia.
Electric industry operations and markets
Electric industry operations and markets. Electricity markets and reforms in Russia
Renewables
Opportunities and constraints.
Energy of the future
The Rise of Global Agreements.
Individual country posters
In class consulting and rehearsal.

Assessment Elements

Class attendance
Participation in discussions
Individual presentations
Midterm oil company strategy project
Midterm Gas game project
Group application project
Final country poster assignment

Interim Assessment

Interim assessment (4 module)
0.05 * Class attendance + 0.15 * Final country poster assignment + 0.2 * Group application project + 0.1 * Individual presentations + 0.15 * Midterm Gas game project + 0.15 * Midterm oil company strategy project + 0.2 * Participation in discussions

Bibliography

Recommended Core Bibliography

21st century energy markets : how the changing dynamics of world energy markets impact our economy and energy security : hearing before the Subcommittee on Energy and Power of the Committee on Energy and Commerce, House of Representatives, One Hundred Fourteenth Congress, first session, March 3, 2015. (2015). Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsgpr&AN=edsgpr.000959577
Nyangon, J. (2015). The U.S. Shale Gas Revolution and its Implications for International Energy Policy. MPRA Paper. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.pra.mprapa.91487

Recommended Additional Bibliography

A Global Perspective on Energy Markets Climate Change & Economic Integration: Problems and Prospects. (2008). Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsstc&AN=edsstc.1146287

Бакалаврская программа «Мировая экономика»

Адрес

International Energy Markets