Energy: Economy and Politics (ETM 501)

2020 Fall
Faculty of Engineering and Natural Sciences
Energy Tech. and Manag.(ETM)
3
6
Murat Kaya mkaya@sabanciuniv.edu,
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English
Doctoral, Master
--
Formal lecture,Interactive lecture,Seminar
Interactive,Communicative,Discussion based learning,Project based learning,Guided discovery
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CONTENT

Oil, gas, coal, renewable, hydro, nuclear energy and electricity supply chains. Global availability of key energy resources, investment needs, environmental impact, historical use and demand projections. Factors influencing supply, demand and pricing. Global impact of policies adopted by leading resource producing and consuming countries. Energy security and geopolitics. Case studies on the geopolitical and economic impacts of current political and technological developments.

OBJECTIVE

The course aims to provide a big-picture view to help students understand the interdependencies between economics, international politics, business and environment, regarding energy-related issues.

LEARNING OUTCOMES

  • Categorize primary energy sources along with their worldwide distribution, supply-demand relations and associated production technologies.
  • Discuss the relative advantages and disadvantages (in terms of investment requirements, environmental impact and political risks) of using traditional fossil fuels (oil, natural gas, coal), renewable energy sources (hydro, solar, wind, biomass) and nuclear energy.
  • Explain the dynamics of energy supply chains and energy markets with particular focus on electricity as the most usable form of energy.
  • Demonstrate substantive knowledge of how energy relates to social, political, and economic aspects of contemporary life on a national, regional or global basis.
  • Demonstrate familiarity with sources and databases to obtain reliable information on energy reserves, production, transmission, and distribution.
  • Analyze how energy security and the geopolitics of energy affect national and EU policies as well as international relations.
  • Explain how economic and non-economic factors affect energy markets and prices of primary energy as well as power.

PROGRAMME OUTCOMES


1. Develop the ability to use critical, analytical, and reflective thinking and reasoning 5

2. Reflect on social and ethical responsibilities in his/her professional life. 4

3. Gain experience and confidence in the dissemination of project/research outputs 3

4. Work responsibly and creatively as an individual or as a member or leader of a team and in multidisciplinary environments. 3

5. Communicate effectively by oral, written, graphical and technological means and have competency in English. 3

6. Independently reach and acquire information, and develop appreciation of the need for continuously learning and updating. 4


1. Design and model engineering systems and processes and solve engineering problems with an innovative approach. 4

2. Establish experimental setups, conduct experiments and/or simulations. 2

3. Analytically acquire and interpret data. 3


1. Demonstrate substantive knowledge of how energy relates to social, political, and economic aspects of contemporary life on a national, regional or global basis. 5

2. Discuss the relative advantages and disadvantages of using traditional fossil fuels (oil, natural gas, coal), renewable energy sources (hydro, solar, wind, biomass) and nuclear energy. 5

3. Explain the fundamentals of renewable energy and fossil fuel technologies. 4

4. Explain the dynamics of energy and electricity supply chains and the related markets. 4

5. Discuss the social and environmental effects of energy policies and technologies. 4

6. Develop fundamental energy financing models. 1

7. Gain experience with energy project management and energy strategy development. 1

8. Demonstrate knowledge on the fundamental Turkish energy regulations. 1

9. Demonstrate ability to access current and reliable information sources on energy. 4

RECOMENDED or REQUIRED READINGS

Readings

? Sustainable energy without the hot air. D. J. MacKay. Free pdf book available at http://www.withouthotair.com/
? The Quest (Book): Energy, Security, and the Remaking of the Modern World. D. Yergin. 2012
? The Prize (Book): The Epic Quest for Oil, Money & Power. D. Yergin. 2009.
? The Boom (Book): How Fracking Ignited the American Energy Revolution and Changed the World. Russell Gold. 2015.
? IEA World Energy Outlook Reports
http://www.worldenergyoutlook.org/
? IEA Technology Roadmaps
http://www.iea.org/roadmaps/
? BP Statistical Review of World Energy Reports
http://www.bp.com/en/global/corporate/about-bp/energy-economics/statistical-review-of-world-energy.html
? BP Energy Outlook 2030 and 2035
http://www.bp.com/en/global/corporate/about-bp/energy-economics/energy-outlook.html
? TOTAL?s Planet Energy website:
http://www.planete-energies.com/en
? The Economist Journal: Articles and Special Reports on Energy
http://www.economist.com/topics/energy-industry
? McKinsey consulting:
http://www.mckinsey.com/insights/energy_resources_materials
? Deloitte consulting:
http://www2.deloitte.com/global/en/industries/energy-and-resources.html#
? US Energy Information Administration (EIA) ? Energy Explained webpage
http://www.eia.gov/energyexplained/
? The Future of Natural Gas, MIT, 2011
? The World Nuclear Industry Status Report, 2016
? The Global Politics of Energy. Campbell and Price
? ExxonMobil ?The Outlook for Energy A View to 2030? http://www.exxonmobil.com/corporate/files/news_pub_eo_2009.pdf
? Ahmet O. Evin, Energy and Turkey?s Neighborhood: Post Soviet Transformations and Transatlantic Interests