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Borrowed courses

RESOURCE AND ENERGY ECONOMICS

CONSULENZA AZIENDALE E LIBERA PROFESSIONE

LIBERA PROFESSIONE
RESOURCE AND ENERGY ECONOMICS

CONSULENZA AZIENDALE E LIBERA PROFESSIONE

CONTROLLO DI GESTIONE
RESOURCE AND ENERGY ECONOMICS

MONETA, FINANZA E RISK MANAGEMENT

CORSO GENERICO
RESOURCE AND ENERGY ECONOMICS

CONSULENZA AZIENDALE E LIBERA PROFESSIONE

LIBERA PROFESSIONE
RESOURCE AND ENERGY ECONOMICS

CONSULENZA AZIENDALE E LIBERA PROFESSIONE

CONTROLLO DI GESTIONE
RESOURCE AND ENERGY ECONOMICS

MONETA, FINANZA E RISK MANAGEMENT

CORSO GENERICO
RESOURCE AND ENERGY ECONOMICS

MANAGEMENT

INTERNATIONAL BUSINESS
RESOURCE AND ENERGY ECONOMICS

MANAGEMENT

PRODUZIONE E LOGISTICA
RESOURCE AND ENERGY ECONOMICS

MANAGEMENT

FINANZA
RESOURCE AND ENERGY ECONOMICS

MANAGEMENT

MARKETING

Other Courses in the Curriculum

GREEN ECONOMY AND SUSTAINABILITY

Course year: 1

BUSINESS CONTRACT LAW

6 credits - Characterising
FINANCIAL STATEMENT ANALYSIS

9 credits - Characterising
ORGANIZATIONAL BEHAVIOR

6 credits - Related/Supplementary
BUSINESS HISTORY

9 credits - Characterising
CORPORATE SOCIAL RESPONSIBILITY AND SUSTAINABILITY

9 credits - Characterising
ENVIRONMENTAL ECONOMICS

9 credits - Related/Supplementary
BANKING RISK MANAGEMENT
Attendance grouping
12 credits - Raggruppamento di frequenza
MATHEMATICAL METHODS AND INFORMATICS FOR FINANCE
Attendance grouping
12 credits - Raggruppamento di frequenza
ADMINISTRATIVE LAW AND LOCAL GOVERNMENT

6 credits - Student's own choice
ADVANCED FINANCIAL ACCOUNTING (CONSOLIDATED FINANCIAL STATEMENT)

9 credits - Student's own choice
AUDITING STANDARD

6 credits - Student's own choice
COMPUTER SCIENCE FOR FINANCE

6 credits - Student's own choice
CORPORATE SOCIAL RESPONSIBILITY AND NON-FINANCIAL COMMUNICATION

6 credits - Student's own choice
DATA ANALYSIS FOR BUSINESS AND FINANCE

6 credits - Student's own choice
EU LABOUR LAW

6 credits - Student's own choice
FINANCIAL MANAGEMENT

9 credits - Student's own choice
HISTORY OF GLOBALIZATION

9 credits - Student's own choice
INTERNATIONAL ACCOUNTING AND REPORTING ISSUES

6 credits - Student's own choice
INTERNATIONAL ECONOMIC ENVIRONMENT FOR BUSINESS

9 credits - Student's own choice
INTERNATIONAL ECONOMICS

9 credits - Student's own choice
INTERNATIONAL MARKETING

9 credits - Student's own choice
MACROECONOMIC OUTLOOK AND POLICIES

9 credits - Student's own choice
MARKETING MANAGEMENT

9 credits - Student's own choice
MONEY AND FINANCE

9 credits - Student's own choice
PRODUCTION MANAGEMENT

6 credits - Student's own choice
QUANTITATIVE METHODS FOR ECONOMICS AND BUSINESS

9 credits - Student's own choice
RISK MANAGEMENT IN BANKING

6 credits - Student's own choice
SOCIOLOGY OF INNOVATION

6 credits - Student's own choice
STATISTICS FOR BUSINESS DECISIONS

9 credits - Student's own choice
STATISTICS FOR MARKETING

9 credits - Student's own choice
STATISTICS FOR RISK MANAGEMENT

6 credits - Student's own choice
STOCK AND BOND MARKET RISK

9 credits - Student's own choice
TRANSPORTATION MANAGEMENT

6 credits - Student's own choice
ADVANCED ACCOUNTING

6 credits - Student's own choice
ASSET MANAGEMENT AND INSTITUTIONAL INVESTORS

9 credits - Student's own choice
BANKRUPTCY LAW

6 credits - Student's own choice
BUSINESS ENGLISH

6 credits - Student's own choice
COMMERCIAL LAW

6 credits - Student's own choice
COMMUNICATION MANAGEMENT

9 credits - Student's own choice
CORPORATE FINANCE (MERGERS, ACQUISITIONS AND CORPORATE RESTRUCTURING)

6 credits - Student's own choice
CORPORATE GOVERNANCE AND CONTROL SYSTEMS

9 credits - Student's own choice
CREDIT RISK

6 credits - Student's own choice
CRISIS MANAGEMENT & DEBT RESTRUCTURING

6 credits - Student's own choice
DERIVATIVES AND RISK MANAGEMENT

6 credits - Student's own choice
ECONOMETRICS OF FINANCIAL MARKETS

6 credits - Student's own choice
ECONOMIC HISTORY OF THE PROFESSIONS

6 credits - Student's own choice
ECONOMICS OF TAXATION

9 credits - Student's own choice
FINANCIAL CRISIS

6 credits - Student's own choice
HUMAN RESOURCE MANAGEMENT

9 credits - Student's own choice
INDUSTRIAL ECONOMICS AND POLICY

6 credits - Student's own choice
INTERNATIONAL BUSINESS

9 credits - Student's own choice
LEADERSHIP AND COMPLEX ORGANIZATIONS

6 credits - Student's own choice
LOGISTICS TECHNOLOGIES

9 credits - Student's own choice
MATHEMATICAL METHODS FOR FINANCE

6 credits - Student's own choice
RISK MANAGEMENT AND CONTROL SYSTEM

6 credits - Student's own choice
SERVICE MARKETING

6 credits - Student's own choice
STATISTICS FOR FINANCE

9 credits - Student's own choice
STRATEGY AND STRATEGIC MANAGEMENT CONTROL

9 credits - Student's own choice
TAX LAW

9 credits - Student's own choice

Course year: 2

DEGREE THESIS

16 credits - Language/Final Examination
LOGISTICS MANAGEMENT
Attendance grouping
12 credits - Raggruppamento di frequenza
FINANCIAL MANAGEMENT

6 credits - Characterising
RESOURCE AND ENERGY ECONOMICS

9 credits - Characterising
GREEN LOGISTICS LAB

2 credits
MARKETING-ADVANCED

6 credits - Characterising
METHODS AND MODELS FOR ENVIRONMENTAL SUSTAINABILITY

9 credits - Characterising

RESOURCE AND ENERGY ECONOMICS

Single discipline educational activity

Course Sheet

Academic Year of enrolment:

2018/2019

Academic Year of provision:

2019/2020

Type of Course:

Characterising

Degree:

Master's Degree Programme in MANAGEMENT

Language:

English

Grouping type:

Credits:

Programme Year:

Professor and Collaborators:

VERGALLI Sergio Professor

Cycle:

First four months

Hours of classroom activity:

Hours of individual study:

165

Micro and Macroeconomics

Educational Goals

Knowledge and understanding
The course aims to provide further insight into energy economics, focusing particularly on the new technologies, on the macro and microeconomic effects on energy markets. The course will study theoretically and empirically the green market, the shale oil market, the energy transition and the circular economy and will also give some instruments for working in the energy sector. The course is based on the first three texts in the list above and the material provided by the teacher.

Applying knowledge and understanding
The students will be able to discuss and support in a clear manner, through appropriate arguments, possible proposals and reflections on issues and problems of different complexities in Energy and Resource Economics, in line with the topics covered in the course; i.e, oil prices, renewable resources, Deforestation, shale gas and shale oil, , etc.

Making judgements
The students will have acquired the ability to critically interpret the main economic facts of the national and international debate. To this goal, during the course, the reading of the "Newspapers in the classroom" will take place as usual, in order to align the lessons to the public debate and current affairs. Moreover, during the course the methodologies to find and collect data for some economic analyses and information from adequate and reliable sources will be explained.

Communication skills
The students will be able to communicate to different interlocutors, in an effective way and with an appropriate language, his own reflections on the topics of Economics, especially about Energy and Resource Economics treated during the course.

Learning skills
The student will reach the ability to undertake as much as possible autonomous complex and in-depth studies through the improvement of an appropriate method of study, in particular about Energy and Resource Economics and the real world

Content

The course aims to study the economics of energy and natural resources. In particular, the various energy sources, their value and the social and economic costs will be analyzed. After a brief introduction on the technologies of each energy source to understand the technical differences, the macroeconomic context and the geopolitics linked to the energy market will be studied. The course will study the various strategic choices of the States and of the economic agents in order to control the energy market. Subsequently, microeconomic analysis will be carried out to compare energy sources, comparing costs, benefits and the LCOE (Levelized Cost of Energy). Finally, we will study the policies adopted in order to guarantee sustainable development reducing the use of conventional energy resources. We will study the various economic crises related to energy, such as the crisis of 1973 and the crisis of 1979; or the speculative bubbles of commodities, such as the bubble of 2007 and the subsequent revolution in the energy market with the introduction of shale oil and gas. A particular focus will be devoted to the difference between conventional and unconventional oil, green economy, the energy transition and the circular economy.

Extended Syllabus

Program:
Introduction
Energy Poor and Sustainability
Part One Fundamentals of Energy Economics
Chapter 1: Why Energy Economics?
Chapter 2: Energy, Markets, and Society
Chapter 3: Static Efficiency
Chapter 4: Dynamic Efficiency
Part Two Conventional Energy Sources
Chapter 5: Oil
Chapter 6: Natural Gas
Chapter 7: Coal
Chapter 8: Nuclear Energy
Part Three Alternative Energy Sources
Chapter 9: Renewable Energy
Chapter 10: Next-Generation Alternatives
Chapter 11: Energy Efficiency
Part Four Electricity
Chapter 12: Traditional Electricity Regulation
Chapter 13: Electricity Restructuring and Deregulation
Part Five Energy Policy
Chapter 14: Energy and the Environment
Chapter 15: Energy and Sustainability
Chapter 16: Energy Security
Chapter 17: A Comprehensive Energy Policy: The Big Picture
Part Six Technical Insights
Solving Numerical Allocation Problems
The Economics of Forestry
The Economics of Nonrenewable Resources
Stock Pollutants
Real Options

The exam includes a written test with theoretical questions and the analysis of charts and empirical relationships. For attending students, 2/3 of the final mark will depend on two presentations (with power point slides) of current issues (from 1999 onwards, preferably since 2007) analyzed with the economic tools explained in class (1/3 for each presentation).
Educational targets:
- knowledge and understanding;
- applying knowledge and understanding;
- making judgements
- communication skills
- learning skills.

Recommended Bibliography

1 Zweifel, P., A. Praktiknjo and G. Erdmann,(2017), ”Energy Economics_ Theory and Applications”, Springer
2 Bhattacharyya, Subhes C, (2011), “Energy Economics: Concepts, Issues, Markets and Governances”, Springer.
3 Conrad, Jon, M., (2010), “Resource Economics”, Cambridge University Press
- Leonardi, M., P., Ranci and L. Susani, (2017), “Energy Poor”, Il Mulino
- Maugeri, L., (2011), “Beyond the Age of Oil: the Myths, Realities and Future of Fossil Fuels and Their Alternatives”, Praeger
- Deutch, J., M., (2014), “The Global Revolution of Unconventional Oil – New Markets, New Governances, New Policies”, FEEM PRESS
- McDonald, R.. L., (2014), “Derivatives Markets”, Pearson- Schwarz, Peter, M., (2018), “Energy Economics”, Routledge, Taylor & Francis Group
- Papers distributed during the course

Methods of Provision

Conventional

Teaching Methods

24 lessons (60 hours) by the teacher Sergio Vergalli

Assessment Methods

The exam (1 hour and half) includes a written test with theoretical questions and the analysis of charts and empirical relationships. For attending students, 2/3 of the final mark will depend on the assessment of a couple of presentations (with power point slides) of current issues (from 1999 onwards, preferably since 2007) analyzed with the economic tools explained in class (1/3 for each presentation).
Knowledge and understanding skills will be ascertained with two or three open questions in the written exam in order to verify the knowledge of the concepts and principles taught. Communication skills and the ability to making judgements will be ascertained through the presentations during the course, the correction of the exams and by a possible oral integration (especially for non-attending students). In addition, in the written exam one or more questions on current issues will be introduced. The students must write their own judgments, assessments and opinions. These questions are useful to check not only the concepts learned but also the property of language, the ability to communicate and discuss. The learning capacity will be ascertained on the basis of an evaluation that is transversal to the answers given.The exam will last one hour and a half.

Assessment:

Final Mark

Programme of Educational Activities

Start date of teaching period:

Monday, September 9, 2019

End date of teaching period:

Friday, December 13, 2019

Other Information

Year: 2nd in Management – Green Economy and Sustainability. First Quarter. 9 CFU
Lessons: September 10, 2018 to December 14, 2018
Where? in Santa Chiara, n. 50
Lessons: on Wednesday at 11.15 - 13:30
in B1; and on Thurday at 09.00 – 11.15 in B1

Professor's office hours (in via San Faustino 74/b, Department of
Economics and Management): on Thursdays at 11.15 - 12.30; starting
day: September 10, 2018

Students who attend to at least 70% of the lectures, can present two economic topics (in groups of up to three students) on current issues (since 1999, preferably since the 2007 financial crisis) by using the economic tools explained in class. The teacher will take the signatures of those present. Assessment of the presentation will account for a 2/3 of the final grade (1/3 for each presentation).