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Energy Economics for Managers

PROGRAM DURATION
35+ Learning hours in total

TEACHING LOCATION
100 % online course  

IMPORTANT DATES
First run starting : April 26th 2021
Applications close on April 12th 2021

LANGUAGE
All courses are taught in English.

ENTRY REQUIREMENT
Bachelor level or professional experience

DEGREE LEVEL
Certificate delivered by Grenoble Ecole de Management and KIC InnoEnergy

PROGRAM FEES
3 000€TTC

 

The Energy Economics program will focus on the concept of market failures, how they map into the main energy challenges society is currently facing, and the implications for the design of policies and firms’ strategies. 

  • Understand the key economic and financial tools used to design and analyze firms’ strategies in the energy markets
  • Focus on the strategic and financing aspects related to firms' strategies
  • Learn the key concepts and tools that professionals and managers can use to develop their firms’ strategies.

The goal of this program is to provide professionnals with economic and financial tools to develop firms strategies in energy markets. 

Course Learning Outcomes :  

  • Construct demand and supply curve functions for electricity markets 
  • Predict equilibrium outcomes in electricity markets with demand and supply analysis 
  • Elaborate firms’ strategies in electricity markets using game theoretic tools 
  • Conduct cost-benefit analyses to compare different energy technologies 
  • Elaborate a business model canvas for new solutions in electricity markets

Program Strength

  • Expertise from a Europe-wide network of business, academic and research partners in the energy field : The EIT InnoEnergy network includes 23 shareholders, as well as 430+ associate and project partners which represent the best of Europe’s industry, research, and higher education – and all are key players within the energy sector 
  • Unrivalled business intelligence to help you succeed in today’s renewable energy ecosystem 
  • Strong instructional design expertise focusing on the development of innovative learning tools 
  • Content from GEM, a top ranked business school in France on the cutting-edge of the energy management, with a dedicated chaire gathering the best experts in this field.
  • 8 online lectures of 120 minutes each  
  • 1 serious game (2 times 180 minutes)   
  • 3 mentoring sessions of 20 minutes  
  • personal home work 

Targeted skills

  • April 26th – 120 min in class, 90 min outside class
    • Construct demand and supply curves;
    • Predict simple market outcomes;
    • Identify market failures in energy markets
  • April 29th – 120 min in class, 90 min outside class
    • Predict monopoly and competitive equilibrium in electricity markets;
    • Calculate demand elasticity of electricity demand;
    • Establish the pros and cons to regulate natural monopolies in electricity markets
  • May 3rd – 120 min in class, 90 min outside class
    • Elaborate firms’ strategies in electricity markets using tools from game theory;
    • Understand simple electricity auctions and bidding strategies
  • May 6th – 120 min in class, 90 min outside class
    • Establish the pros and cons of market-based instruments;
    • Elaborate constructive critics of U-ETS
  • May 10th – 120 min in class, 90 min outside class
    • Perform net-present value calculations and cost-benefit analysis to compare energy technologies
  • May 13th – 120 min in class, 90 min outside class
    • Compute levelized cost of electricity for wind and solar PV technologies
  • May 24th – 120 min in class, 90 min outside class
    • Elaborate Business Model Canvas for the electricity sector
  • May 27th – 120 min in class, 90 min outside class
    • Summary and perspectives of previous learning objectives
  • Session 1: May 17th – 180 min in class, 120 min outside class Session 2: May 20th – 180 min in class, 120 min outside class
    • Elaborate strategies in the electricity markets 

Educational approach

  • In-class activities / at-home activities / Background readings  
  • Serious game   
  • Mentoring  
  • Individual project with evaluation leading to certification 

Evaluation

Each learner must present a Individual project leading to GEM & InnoEnergy certification 

Organizational arrangements

100% online: participants will need a computer and access to the internet to be able to connect to the courses.

Designed and delivered by Grenoble Ecole de Management and its partner InnoEnergy, this course uniquely combines leading academic research in the field of energy economics with applied knowledge. Lecturers have experience across different segment of the energy sectors, and worked on delivering solutions to the challenges of the energy transition.

  • Sébastien Houde, Associate Professor, Grenoble Ecole de Management 
  • Joachim Schleich, Professor, Grenoble Ecole de Management 
  • Xavier Lambin, Assistant Professor, Grenoble Ecole de Management 
  • Valeria Fanghella, Researcher Energy Team, Grenoble Ecole de Management 
  • Fabrice Arroyo, Program Director of the Advanced Master (MS) in Energy Marketing & Management at Grenoble Ecole de Management

For professional, this class is an opportunity to develop a new set of skills to master economic tools to design and analyze firms’ strategies in the energy sector. For managers, this class represents an opportunity to learn about such tools and become thought leader in promoting rigorous economic analysis in link with the energy transition. 

Participant profile

This course is for professionals and managers interested to understand the economics of the energy transition. The class will introduce the main concepts and tools that are used by energy economists to analyze energy markets and the fundamental forces in the energy sectors.

Admission requirements

Bachelor level or professional experience 

Updated on 02 March 2021 at 4h45 pm