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Economics of Energy: Home

Department Of Finance and Economics

Course Objectives

  1. Understanding The energy demand and supply, Energy markets
  2.  Introduce the students to both the Fossile fuels and renewable energy concepts
  3.  Introducing the major cartle in the energy markets (OPEC)

Student Learning Outcomes

Upon successful completion of this course, students will be able to:
1- Effective Written communication skills in writing energy research (L01A)
2.Apply IT effectively by conducting an empirical study in economics of
energy (LO3) (Data collection, Estimation and Forecasting)
3-Social Responsibility (The resident responsibility for the Environmental
Protection and the reduction of the CO2 emissions) (L04)

Course Topics

this guide provides data for these topics : 

 1- Introduction to Energy Economics

 2- Understanding and Analyzing Energy Demand

  3- Evidence of a shift in the short-run price elasticity of

       gasoline demand.

 4 - Energy Demand Analysis at A Disaggregated Level

  5 - Energy demand forecasting

  6 - Economic Analysis of Energy Investments

   7 - Fossil Fuel Supply

 8 - Electricity production and supply

 9 - Economic analysis of energy supply from renewable energy

  10 - Article of Hamilton J. : what is an oil shocks?

   11 - Article of Sadorsky, P. : Oil price shocks and stock market


 12 - Article Charfeddine Lanouar : The impact of energy

    consumption and economic development on Ecological

     Footprint and CO2 emissions : Evidence from a Markov

   Switching Equilibrium Correction Model


Definition of Economics of Energy: 

"Energy economics studies energy resources and energy commodities and includes: forces motivating firms and consumers to supply, convert, transport, use energy resources, and to dispose of residuals; market structures and regulatory structures; distributional and environmental consequences; economically efficient use" James L. Sweeney

Course Prerequisite(s)

ECON 111 + ECON 112

Course Text Book

Economics of Energy


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Eglal Al Noor

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Course Description

This course examines the essential economics of various sources of energy;
emphasis given to the demand for oil, supply of oil, fluctuations in oil prices,
forecasting oil prices and the role of OPEC. The course also covers other sources
of energy, particularly coal, natural gas and nuclear power.