Bachelor
2024/2025![Learning Objectives](/f/src/global/i/edu/objectives.svg)
![Expected Learning Outcomes](/f/src/global/i/edu/results.svg)
![Course Contents](/f/src/global/i/edu/sections.svg)
![Assessment Elements](/f/src/global/i/edu/controls.svg)
![Interim Assessment](/f/src/global/i/edu/intermediate_certification.svg)
![Bibliography](/f/src/global/i/edu/library.svg)
International Energy Markets
Type:
Elective course (World Economy)
Area of studies:
Economics
Delivered by:
School of World Economy
When:
3 year, 1, 2 module
Mode of studies:
distance learning
Online hours:
30
Open to:
students of all HSE University campuses
Language:
English
ECTS credits:
4
Contact hours:
44
Course Syllabus
Abstract
The course provides a general overview of the current state and the most recent trends in global and regional energy markets. It consists of two major parts. During the first part, we analyze fossil fuel markets - coal, oil and natural gas. The analysis encompasses key trends, opportunities and constraints, upstream and midstream segments, major players (both countries and companies), prices and factors that determine them, existing institutions, contracts and price mechanisms, regulations and agreements.
The second part of the course focuses on renewable energy sources, nuclear energy and energy of the future (for example, low-carbon gases). We analyze Paris Agreement and its implications for energy markets, the process of energy transition and its consequences.
Students will receive both individual and team tasks, including writing strategies, preparing posters and presentations, discussing the literature and participating in a game.
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 communicate taking into account aims and situation of the discussion
- Able to create analytical report based on Russian and foreign sources of information
- Able to evaluate resource needs and plan them
- Able to gather, analyze and work with statistical data, information, scientific and research reports, needed for solving economic tasks
- Able to get scientific essence of the problems in professional field
- Able to solve problems in professional field using analysis and synthesis
- Able to study, obtain new knowledge and get new skills, including those different from the professional field
Course Contents
- Introduction to the course
- Coal market
- Oil market
- Russian oil industry
- Gas markets
- LNG, hydrogen and low-carbon gases
- Renewables: solar and wind energy
- Other sources of energy
Assessment Elements
- Participation in discussions
- Country posterThe students will need to provide an essay and a poster on a topic they choose for a country they choose.
- Carbon game
- Group projectThe students will need to make a presentation and provide a paper elaborating on a strategy of a company. They will have an opportunity to choose between 3 possible strategies.
- Country poster (presentation)The students will need to provide an essay and a poster on a topic they choose for a country they choose. The presentation is supposed to be 1 page PDF file encompassing graphs and other types of visual data. The student will not orally comment on the presentation.
- Group projectThe students will need to make a presentation and provide a paper elaborating on a strategy of a company. They will have an opportunity to choose between 3 possible strategies.
Interim Assessment
- 2024/2025 2nd module0.2 * Carbon game + 0.15 * Country poster + 0.1 * Country poster (presentation) + 0.2 * Group project + 0.1 * Group project + 0.25 * 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