NCHU Course Outline
Course Name (中) 能源經濟學(7105)
(Eng.) Energy Economics
Offering Dept Department of Applied Economics
Course Type Required Credits 3 Teacher LIAO,SHU-YI
Department Department of Applied Economics / Graduate Language Chinese Semester 2026-SPRING
Course Description This course presents theories and applied methods used in energy economics and policy. These economic principles and methods are used to examine problems in the production, distribution, and use of non-renewable and renewable energy. Special policy issues such as the environmental problems of energy use, regulation, the restructuring of energy markets, and other problems pertaining to the energy industries will be discussed.
Prerequisites
Relevance of Course Objectives and Core Learning Outcomes(%) Teaching and Assessment Methods for Course Objectives
Course Objectives Competency Indicators Ratio(%) Teaching Methods Assessment Methods
Applying economic theories and econometric models in energy economics and policy.
1.Advanced economics expertise capabilities
2.Advanced economics knowledge application ability
3.Understanding and analyzing cross-cutting issues of economic integration
40
30
30
topic Discussion / Production
Lecturing
Discussion
Visit
Written Presentation
Oral Presentation
Quiz
Course Content and Homework/Schedule/Tests Schedule
Week Course Content
Week 1 Introduction
Week 2 Energy market structure I: Partial equilibrium competitive model
Week 3 Energy market structure II: Monopoly model
Week 4 Energy market structure III: Imperfection competition model
Week 5 Midterm examination
Week 6 International crude oil market (I)
Week 7 International crude oil market (II)
Week 8 International crude oil market (III)
Week 9 International natural gas market (I)
Week 10 International natural gas market (II)
Week 11 International renewable energy market (I)
Week 12 International renewable energy market (II)
Week 13 Electricity market (I)
Week 14 Electricity market (II)
Week 15 Paper presentation and discussion (I)
Week 16 Paper presentation and discussion (II)
self-directed
learning		    02.Viewing multimedia materials related to industry and academia.
   03.Preparing presentations or reports related to industry and academia.
   04.Participation in visits or internships at industry, government, or academic institutions.
Evaluation
Midterm Examination: 40%
Paper Presentation and Discussion: 60%
Textbook & other References
Textbook:
Walter Nicholson. 2016. Microeconomic Theory: Basic Theory and Extensions 12th Edition, Thomson South-Western. (Chapters 12-14)

Dahl, C. A. 2004. International Energy Markets: Understanding Pricing, Policies, and Profits. PennWell.

Banks, F. E. 2003. Energy Economics: A Modern Introduction. Kluwer Academic Publishers

Reference Books:
Bhattacharyya, S. C. 2011. Energy Economics: Concepts, Issues, Markets and Governance. Springer

Endeland, A. and K. Wolyniec. 2007. Energy and Power Risk Management: New Developments in Modeling, Pricing, and Hedging. John Wiley & Sons Inc.

Inkpen, A. and M. H. Moffett. 2011. The Global Oil & Gas Industry: Management, Strategy and Finance. PennWell.

Simkins, B. and R. Simkins. 2013. Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy. Wiley.

Viscusi, W. K., J. E. Harrington, Jr., and J. M. Vernon. 2005. Economics of Regulation and Antitrust. The MIT Press.
Teaching Aids & Teacher's Website
Reading List
Alhajji, A.F. and D. Huettner, 2000. “OPEC and World Crude Oil Markets from 1973 to 1994: Cartel, Oligopoly, or Competitive?” The Energy Journal 21: 31-60.

Millington, D., C.A. Murillo, Z. Walden, and J. Rozhon, 2012. Canadian Oil Sands Supply Costs and Development Projects (2011-2045), Canadian Energy Research Institute.

Global Energy Team, 2010. “The Rise and Fall in Oil Prices: Analysis of Fundamental and Financial Drivers,” Cabinet Office, London, UK.

Huisman, R. and M. Kilic, 2011. “A History of European Electricity Day-Ahead Prices,” Working paper, Erasmus School of Economics, Erasmus University Rotterdam.

King, K., A. Deng, and D. Metz, 2012. An Econometric Analysis of Oil Price Movements: The Role of Political Events and Economic News, Financial Trading, and Market Fundamentals, Bates White Economic Consulting, Washington, DC.

Kocar, G. and N. Civas, 2013. “An Overview of Biofuels from Energy Crops: Current Status and Future Prospects,” Renewable and Sustainable Energy Reviews 28: 900-916.

Krautkraemer, J. and M. Toman, 2003. “Fundamental Economics of Depletable Energy Supply,” Discussion Paper, Resources for the Future, Washington, DC.

Lyons, A., M. Hurley, J. Hawksworth, and W. Zimmern, 2013. “Shale Oil: The Next Energy Revolution,” Pricewaterhouse Coopers (PwC), UK.

Moreno, B., A.J. López, and M.T. García-Álvarez, 2012. “The Electricity Prices in the European Union. The Role of Renewable Energies and Regulatory Electric Market Reforms,” Energy 48: 307-313.

Sharifzadeh, M., H. Lubiano-Walochik, and N. Shah, 2017. “Integrated Renewable Electricity Generation Considering Uncertainties: The UK Roadmap to 50% Power Generation from Wind and Solar Energies,” Renewable and Sustainable Energy Reviews 72: 385-398.

Turner, A., J. Farrimond, and J. Hill, 2011. “The Oil Trading Markets, 2003 – 2010: Analysis of Market Behaviour and Possible Policy Responses,” Oxford Institute for Energy Studies, University of Oxford.

Vansteenkiste, I., 2011. “What Is Driven Oil Prices? Fundamentals versus Speculation,” Working Paper Series No. 1371, European Central Bank.
Office Hours
Tuesday 1:00-2:00 PM.
Sustainable Development Goals, SDGs(Link URL)
07.Affordable and Clean Energy   13.Climate Actioninclude experience courses：N
Please respect the intellectual property rights and use the materials legally.Please respect gender equality.
Update Date, year/month/day：2026/01/09 17:25:40 Printed Date, year/month/day：2026 / 4 / 30
The second-hand book website：http://www.myub.com.tw/