ESS417 Energy Commodities II.

Faculty of Social Studies
Autumn 2018
Extent and Intensity
2/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Mgr. Jan Osička, Ph.D. (lecturer)
Guaranteed by
doc. Mgr. Filip Černoch, Ph.D.
Department of International Relations and European Studies – Faculty of Social Studies
Contact Person: Olga Cídlová, DiS.
Timetable
Mon 10:00–11:40 U33
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Abstract
The aim of the course is to cover basic technological and economic principles of the oil and gas industry. The main attention is focused on introducing the important features of technology and economics for conducting an energy-focused research or assessing an energy policy. The course thus deals mostly with three main areas: the relation between energy and economy/society, the production chain and how the energy commodities are marketed.
Learning outcomes
At the end of the course, students should be able to include issues beyond social science into their understanding of the energy matters.
Key topics
  • Introduction: The role of oil and gas in the contemporary energy system, economy and society
  • I. The fuel chain of oil and gas
  • - upstream (exploration and production)
  • - midstream (transportation)
  • - downstream (processing)
  • II. The World oil market
  • - actors and structure
  • - pricing
  • III. Natural gas markets
  • - actors and structure
  • - pricing
Study resources and literature
  • Melling, A. J. (2010): Natural Gas Pricing and its Future, Europe as the Battleground. Carnegie Endowment for International Peace. http://carnegieendowment.org/files/gas_pricing_europe.pdf
  • Energy Charter (2011): Putting a Price on Energy: Oil Pricing Update. http://www.energycharter.org/fileadmin/DocumentsMedia/Thematic/Oil_Pricing_2011_en.pdf
  • Nordhaus, W.: The Economics of an Integrated World Oil Market. International Energy Workshop, Venice. 2009. http://aida.econ.yale.edu/~nordhaus/homepage/documents/iew_052909.pdf
Approaches, practices, and methods used in teaching
Lectures, class discussions
Method of verifying learning outcomes and course completion requirements
Exam, final essay
Language of instruction
English
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2015, Spring 2016, Autumn 2016, Autumn 2017, Autumn 2019.
  • Enrolment Statistics (Autumn 2018, recent)
  • Permalink: https://is.muni.cz/course/fss/autumn2018/ESS417