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SoSe 2021 - SoSe 2022

English

Operations Research - Methods for Energy and Resource Markets (OR-RES) (Operations Research - Methods for Energy and Resource Markets)

6

Hirschhausen, Christian

benotet

Portfolioprüfung

Zugehörigkeit


Fakultät VII

Institut für Volkswirtschaftslehre und Wirtschaftsrecht

37311500 FG Volkswirtschaftlehre, insb. Wirtschafts- und Infrastrukturpolitik

Volkswirtschaftslehre

Kontakt


H 33

Hainsch, Karlo Benedikt

or@wip.tu-berlin.de

Learning Outcomes

KNOWLEDGE: Students will be able to describe and explain the topics listed in the 'content' section. SKILLS: Students will be able to analyze market stuctures, use standard software, and write scientific texts. ABILITIES: Students will be able to create their own mathematical programs in order to empirically evaluate short and long term trends in energy resource markets.

Content

The course focuses on advanced numerical modeling of different natural resource markets. Each year is hereby focussing on a different main topic. The analyzed energy resource markets include various sectors, such as e.g. natural gas, steam coal, lignite, oil, CO2 or uranium. The course begins with an introduction to relevant economic theories to analyze the market structures in the respective resource sectors incl. aspects of game theory. This analysis is followed by a quantitative analysis based on various elements of operations research to solve optimization and equilibrium models using the software General Algebraic Modeling System (GAMS).

Module Components

Pflichtgruppe:

All Courses are mandatory.

Course NameTypeNumberCycleLanguageSWSVZ
Operations Research - Methods for Energy and Resource MarketsSEM71 150 L 8771WiSe/SoSeEnglish4

Workload and Credit Points

Operations Research - Methods for Energy and Resource Markets (SEM):

Workload descriptionMultiplierHoursTotal
Class attendance15.04.0h60.0h
Class preparation and follow-up15.02.0h30.0h
Preparation of presentations and term paper1.090.0h90.0h
180.0h(~6 LP)
The Workload of the module sums up to 180.0 Hours. Therefore the module contains 6 Credits.

Description of Teaching and Learning Methods

The module is taught as seminar in weekly 4-hour blocks. The lecture combines theoretical approaches and methods from the field of operations research with application to energy resource markets. Students are given individual papers to present and discuss during the seminar. Students will, in addition, prepare and present a term paper in small groups applying the theoretical knowledge to a current topic in energy resource economics.

Requirements for participation and examination

Desirable prerequisites for participation in the courses:

advanced mathematical skills, interest and basic knowledge in energy resource economics

Mandatory requirements for the module test application:

This module has no requirements.

Module completion

Grading

graded

Type of exam

Portfolio examination

Type of portfolio examination

100 Punkte insgesamt

Language

English

Test elements

NamePointsCategorieDuration/Extent
Individual Presentation and Participation20oral20 min./student
Intermediate Group Presentation20oral20 min./group
Term Paper60writtenmax 30 p.

Grading scale

Notenschlüssel »Notenschlüssel 4: Fak I, Fak VII«

Gesamtpunktzahl1.01.31.72.02.32.73.03.33.74.0
100.0pt90.0pt85.0pt80.0pt76.0pt72.0pt67.0pt63.0pt59.0pt54.0pt50.0pt

Test description (Module completion)

The portfolio examination consists of the following elements, adding up to a maximum of 100 credits. The grading follows the joint conversion key of the School of Economics and Management (decision of the school's council dated May 28, 2014 - FKR VII-4/8-28.05.2014).

Duration of the Module

The following number of semesters is estimated for taking and completing the module:
1 Semester.

This module may be commenced in the following semesters:
Sommersemester.

Maximum Number of Participants

The maximum capacity of students is 12.

Registration Procedures

Registration via email (including matriculation number and study program) to or@wip.tu-berlin.de. Registration deadline: April 10

Recommended reading, Lecture notes

Lecture notes

Availability:  unavailable

 

Electronical lecture notes

Availability:  available
Additional information:
www.isis.tu-berlin.de

 

Literature

Recommended literature
Relevant literature will be provided in the course.

Assigned Degree Programs


This module is used in the following Degree Programs (new System):

Studiengang / StuPOStuPOsVerwendungenErste VerwendungLetzte Verwendung
This module is not used in any degree program.

Miscellaneous

No information