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International Energy Markets, 6 credits

Internationella energimarknader, 6 hp

TMES51

Course starting semester

Main field of study

Energy and Environmental Engineering Industrial Engineering and Management

Course level

Second cycle

Course type

Programme course

Examiner

Bahram Moshfegh

Director of studies or equivalent

Shahnaz Amiri

Education components

Preliminary scheduled hours: 20 h
Recommended self-study hours: 140 h

Available for exchange students

Yes

Possible deviation from course syllabus/programme syllabus

ECV = Elective / Compulsory / Voluntary

Course offered for		Semester	Period	Timetable module	Language	Campus	ECV
6CEMM	Energy-Environment-Management	7 (Autumn 2017)	2	1	Swedish	Linköping, Valla	E
6CEMM	Energy-Environment-Management	9 (Autumn 2017)	2	1	English	Linköping, Valla	E
6CEMM	Energy-Environment-Management (System Tools for Sustainable Development)	9 (Autumn 2017)	2	1	English	Linköping, Valla	E
6MIND	Industrial Engineering and Management, Master's programme	3 (Autumn 2017)	2	1	English	Linköping, Valla	E
6MIND	Industrial Engineering and Management, Master's programme (Environmental Innovation Management)	3 (Autumn 2017)	2	1	English	Linköping, Valla	E
6CMMM	Mechanical Engineering, M Sc in Engineering	9 (Autumn 2017)	2	1	English	Linköping, Valla	E
6CMMM	Mechanical Engineering, M Sc in Engineering (Energy and Environmental Engineering)	9 (Autumn 2017)	2	1	English	Linköping, Valla	E
6MSUS	Sustainability Engineering and Management, Master's programme	3 (Autumn 2017)	2	1	English	Linköping, Valla	E

Main field of study

Energy and Environmental Engineering, Industrial Engineering and Management

Course level

Second cycle

Advancement level

A1X

Course offered for

Energy-Environment-Management
Mechanical Engineering, M Sc in Engineering
Industrial Engineering and Management, Master's programme
Sustainability Engineering and Management, Master's programme

Entry requirements

Note: Admission requirements for non-programme students usually also include admission requirements for the programme and threshold requirements for progression within the programme, or corresponding.

Prerequisites

Bachelor of science in mechanical engineering or corresponding. Courses in Energy Systems

Intended learning outcomes

The aim is to give the student profound knowledge of how energy is traded. Large scale trading on the world market is in focus here. Hence, the procedures for how energy in the forms of oil, coal and natural gas changes owners are described in detail. Normally, commodities of these kinds are bought and sold on the world market at places called an exchange. There are many exchanges around the world and at such spots contracts in the form of options, futures and forwards are dealt with. Green certificates, carbon dioxide allowances and other financial instruments are also sold and traded at some exchanges. When passed the exam the students will:

understand financial instruments for energy trading on an in depth level.
understand how different energy sources are utilized on a large scale level.
know how oil, coal, natural gas and other fossil fuels, in the form of commodities, are dealt with, as well as electricity is traded.
understand the trade with green certificates et c.
be able to “dummy” trade with real contracts

Course content

The course includes lectures on how to trade oil, coal, natural gas and other energy commodities. The corresponding financial instruments such as forwards, futures are dealt with in depth but also options are included. Electricity trade at Nasdaq OMX Commodities and other such market places is studied as well as the trade with green certificates and carbon dioxide allowances. White certificates are also discussed albeit they are not in common use yet. The course also includes details on how to find new resources for energy such as seismic surveying for oil and gas fields, the transportation systems and the environmental hazards when producing fossil fuels, uranium and electricity.

Teaching and working methods

Some parts of this course is dealt with by use of the Internet, such as the dummy trade programs. Normal lectures are therefore less frequent than in corresponding courses.

Examination

TEN1

Written examination

6 credits

U, 3, 4, 5

Grades

Four-grade scale, LiU, U, 3, 4, 5

Department

Institutionen för ekonomisk och industriell utveckling

Director of Studies or equivalent

Shahnaz Amiri

Examiner

Bahram Moshfegh

Course website and other links

Education components

Preliminary scheduled hours: 20 h
Recommended self-study hours: 140 h

Course literature

Till föreläsningarna hör ett omfattande kursmaterial som finns gratis tillgängligt på Internet.

Code	Name	Scope	Grading scale
TEN1	Written examination	6 credits	U, 3, 4, 5

Regulations (apply to LiU in its entirety)

The university is a government agency whose operations are regulated by legislation and ordinances, which include the Higher Education Act and the Higher Education Ordinance. In addition to legislation and ordinances, operations are subject to several policy documents. The Linköping University rule book collects currently valid decisions of a regulatory nature taken by the university board, the vice-chancellor and faculty/department boards.

LiU’s rule book for education at first-cycle and second-cycle levels is available at http://styrdokument.liu.se/Regelsamling/Innehall/Utbildning_pa_grund-_och_avancerad_niva.

Student rights and obligations (login required)
Linköping University common rules and regulations (in Swedish)

Course literature is preliminary.

Till föreläsningarna hör ett omfattande kursmaterial som finns gratis tillgängligt på Internet.

Download

Download course literature list as PDF

Note: The course matrix might contain more information in Swedish.

I = Introduce, U = Teach, A = Utilize

		I	U	A	Modules	Comment
1. DISCIPLINARY KNOWLEDGE AND REASONING
	1.1 Knowledge of underlying mathematics and science (G1X level)
	1.2 Fundamental engineering knowledge (G1X level)
	1.3 Further knowledge, methods, and tools in one or several subjects in engineering or natural science (G2X level)
	1.4 Advanced knowledge, methods, and tools in one or several subjects in engineering or natural sciences (A1X level)
	1.5 Insight into current research and development work
2. PERSONAL AND PROFESSIONAL SKILLS AND ATTRIBUTES
	2.1 Analytical reasoning and problem solving
	2.2 Experimentation, investigation, and knowledge discovery
	2.3 System thinking
	2.4 Attitudes, thought, and learning
	2.5 Ethics, equity, and other responsibilities
3. INTERPERSONAL SKILLS: TEAMWORK AND COMMUNICATION
	3.1 Teamwork
	3.2 Communications
	3.3 Communication in foreign languages
4. CONCEIVING, DESIGNING, IMPLEMENTING AND OPERATING SYSTEMS IN THE ENTERPRISE, SOCIETAL AND ENVIRONMENTAL CONTEXT
	4.1 External, societal, and environmental context
	4.2 Enterprise and business context
	4.3 Conceiving, system engineering and management
	4.4 Designing
	4.5 Implementing
	4.6 Operating
5. PLANNING, EXECUTION AND PRESENTATION OF RESEARCH DEVELOPMENT PROJECTS WITH RESPECT TO SCIENTIFIC AND SOCIETAL NEEDS AND REQUIREMENTS
	5.1 Societal conditions, including economic, social, and ecological aspects of sustainable development for knowledge development
	5.2 Economic conditions for knowledge development
	5.3 Identification of needs, structuring and planning of research or development projects
	5.4 Execution of research or development projects
	5.5 Presentation and evaluation of research or development projects

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