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Seit WiSe 2021/22


Energy Economics


Brown, Thomas William


Schriftliche Prüfung


Fakultät III

Institut für Energietechnik

33371400 FG Digitaler Wandel in Energiesystemen

BSc Energie- und Prozesstechnik


TA 8

Winter, Susanne


Learning Outcomes

By the end of the course students should: -have a fundamental understanding of the functioning of international energy markets -be able to perform sound analyses on energy markets -have knowledge on the national and international transport and consumption of the main energy sources -have knowledge on external costs and steering instruments -have insights into newest developments -know how to do cost accounting and capital budgeting with respect to energy economics The module conveys: 40 % Knowledge & Comprehension 40 % Application & Practice 20% Analysis & Methods


1. Energy balance 2. Markets for fossil fuels 3. Electricity markets including generation from renewable energy sources 4. Markets for renewable energy sources 5. Markets for energy efficiency technologies 6. Use of modelling tools to evaluate innovations and state-regulation measures 7. Impacts on energy demand 8. Innovation processes in energy economics 9. Evaluation of energy systems

Module Components


All Courses are mandatory.

Course NameTypeNumberCycleLanguageSWSVZ
Energy EconomicsIV0330 L 527WiSeEnglish4
Energy EconomicsUE0330 L 528WiSeEnglish2

Workload and Credit Points

Energy Economics (IV):

Workload descriptionMultiplierHoursTotal
60.0h(~2 LP)

Energy Economics (UE):

Workload descriptionMultiplierHoursTotal
Vor- und Nachbereitung15.02.0h30.0h
60.0h(~2 LP)

Course-independent workload:

Workload descriptionMultiplierHoursTotal
60.0h(~2 LP)
The Workload of the module sums up to 180.0 Hours. Therefore the module contains 6 Credits.

Description of Teaching and Learning Methods

Lecture: Based on the theoretical foundations and models of the individual energy markets, up-to-date energy market data is analyzed and evaluated. Tutorial: Examples and exercises of market developments are discussed in order to deepen the methodological knowledge of the students. Based on the software developed at the department, students will have the opportunity to simulate the electricity markets.

Requirements for participation and examination

Desirable prerequisites for participation in the courses:

Students should be interested in the newest developments on energy markets and have already attended a lecture covering the basics of economics. Capital budgeting and market structures are particularly important.

Mandatory requirements for the module test application:

No information

Module completion



Type of exam

Written exam




90 minutes

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:

Maximum Number of Participants

This module is not limited to a number of students.

Registration Procedures

Registration via the registration office (Prüfungsamt) or via QISPOS. ERASMUS students register via Email.

Recommended reading, Lecture notes

Lecture notes

Availability:  available


Electronical lecture notes

Availability:  unavailable



Recommended literature
Energieökonomik, Theorie und Anwendungen, Erdmann, Georg, Zweifel, Peter, 2008, XX, 376 S. 88 Abb., Geb.; ISBN: 978-3-540-71698-3
Energy Economics, Theory and Applications, Erdmann, Georg, Zweifel, Peter, Praktiknjo, Aaron, 2016

Assigned Degree Programs

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

Studiengang / StuPOStuPOsVerwendungenErste VerwendungLetzte Verwendung
Energie- und Prozesstechnik (B. Sc.)18WiSe 2021/22SoSe 2023
Industrial Economics (M. Sc.)15WiSe 2021/22WiSe 2023/24
Nachhaltiges Management (B. Sc.)28WiSe 2021/22WiSe 2023/24
Process Energy and Environmental Systems Engineering (M. Sc.)16WiSe 2021/22SoSe 2023
Regenerative Energiesysteme (M. Sc.)14WiSe 2021/22SoSe 2023
Volkswirtschaftslehre (B. Sc.)216WiSe 2021/22WiSe 2023/24

Students of other degrees can participate in this module without capacity testing.


No information