Diamond

Economy and Energy Markets (IST year 2)

Module description

Program

I)Economic concepts, namely, microeconomic concepts. Some considerations related with main economic knowledge.

II)Theory of Microeconomics
a.Products and prices
b.Theory of household
c.Theory of firm
d.Relation between households and firms in the product market.
e.Interactions between markets.
f.General equilibrium: existence
g.General equilibrium: Pareto efficiency.
h.Final considerations.

III). Analysis of the main forms of organization of energy sectors.
a)From regulated system to market system and viceversa.
b)Decomposition of the electric sector.
c)Situation in Europe and United State.

IV) Regulation of natural monopolies.

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