GRA 8501 Energy Economics and Leadership Challenges in Green Transitions (2022/2023)
GRA 8501 Energy Economics and Leadership Challenges in Green Transitions (2022/2023)
This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.
The course is focusing on understanding the global arena and business picture in energy in which digitalisation, sustainability and internaational issues are key topics for future management in the energy sector
The course is designed as an introductory session for understanding oof the impact of the geopolitics and the global energy economics. It provides to the candidates the "overall and broad" picture of the energy sector as a whole as well as initially addressing the issues on how to master the traansition towards enhanced sustainability in the energy business.
Participants will acquire an integrated understanding of economic, political and industrial conditions valid in the energy industry, on both non-renewable and renewable energy markets, company strategies and government policies.
The participants have achieved detailed knowledge and understanding of the formation of energy prices, the distribution of resource rent, energy policy, international energy affairs and resource management in major producing countries is discussed
Also the participants are achieving an introductory understanding on the leadership challenges in the energy business and the impact of the complexity disruption and unpredictability in the present and future business environments in the energy sector.
The participants shall develop skills of assessing market analyses, assessing technology trends including utilisation of digitalisation such as IOT, machine learning, robotics and real time monitoring, and the associated impact on new business models and patterns.
The participants shall develop capability of mastering the leadership challenges in the business and have skills and tools providing implementation and operational performance.
The candidates are capable of discussing the opportunities and challenges of digitalisation on operation performance as well as the security and potential cyber crime issues threatening the production facilities
The candidates are balanced opinion makers and qualified to participate in public discussions about strategies and leadership challenges in the transformation towards a sustainable society.
- Major challenges to energy markets, companies and policies
- Drivers in, and interaction between, markets for non-renewable and renewable energy sources - Energy economics, restructuring and regulation of markets and industries - overall perspectives
- The prospects for renewable energy sources
- The international energy business - overview
- Formation of international energy prices
- New business models applied in energy sector - Performance improvement through the expanded use of digitalisation, IOT, machine learning, remote control and real time assessments
- Environmental economics and climate change
- The Leadership challenges in a turbulent and unpredictable business environment.
- Team organization design in energy business organisations – success factor and critical issues
1 ECTS credit corresponds to a workload of 26-30 hours.
Attendance to all sessions in the course is compulsory. If you have to miss part(s) of the course you must ask in advance for leave of absence. More than 25% absence in a course will require retaking the entire course. It's the student's own responsibility to obtain any information provided in class that is not included on the course homepage/ It's learning or other course materials.
Sessions include lectures, seminars and group work.
Specific information regarding student evaluation beyond the information given in the course description will be provided in class.
The course is a part of a full Executive Master of Management in Energy (EMME) and examination in all courses must be passed in order to obtain a certificate.
In all BI Executive courses and programmes, there is a mutual requirement
for the student and the course responsible regarding the involvement of the student's experience in the planning and implementation of courses, modules and programmes. This means that the student has the right and duty to get involved with their own knowledge and practice relevance, through the active sharing of their relevant experience and knowledge.
Granted admission to the Executive Master of Management in Energy programme.
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 60 Grouping: Individual Duration: 30 Day(s) Comment: The students are evaluated through an individual 30 days course paper, counting 60% of the final grade. Exam code: GRA 85011 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Activity Form of assessment: Class participation Weight: 40 Grouping: Individual Comment: The students are evaluated through class participation, counting 40% of the final grade. Exam code: GRA 85011 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 40 Hour(s) | |
Student's own work with learning resources | 95 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 5 ECTS credit corresponds to a workload of at least 135 hours.