Academic curriculum 

The Energy Economics course is offered as an elective in the master's and honours programmes in the Department of Economics at the University of Pretoria. 

MEK 781 (Honours) 

Energy economics is a course that explores the economic principles and issues related to energy production, distribution, and consumption. It looks at the macroeconomic impacts of energy markets, including the impact of energy prices on economic growth and inflation. The course also covers topics such as energy policy, the relationship between energy and the environment, and the role of government in regulating energy markets. It also examines the current trends in energy markets, such as renewable energy, fossil fuels, and the increased use of natural gas. 

EKN 825 (Masters) 

The course integrates energy, environmental, and climate change issues within the framework of social sciences, particularly focusing on the field of economics. Recognizing energy as a critical factor in economic production, the course emphasizes its profound influence on both private and public decision-making. Addressing the fundamental economic challenge of scarcity, the curriculum delves into micro- and macro-economic aspects of energy supply and demand, investment financing, and their interconnections within the broader economic system. The course encompasses the evolution of environmental considerations in energy use since the 1980s, exploring their impact on climate, economic development, and recent discussions on energy market linearization, restructuring, high-energy prices, scarcity, alternative energy forms, and energy poverty. Embracing technology advancements, the course fosters engagement through a flipped classroom approach, encouraging students to prepare by reviewing materials, news readings, and academic papers beforehand.  

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