Students will be able to understand the conflicts within policy measures in the field of energy economics and evaluate policies both theoretically and empirically.

• Understand why the demand for healthcare is downward-sloping and what determines the demand for healthcare
• Understand why risk-averse individuals demand health insurance, why health insurance markets can malfunction under information asymmetry, and what moral hazard means for insurance and healthcare provision
• Understand what incentives healthcare suppliers face under information asymmetry
• Understand differences between health systems and how policies regulating insurance and healthcare supply shape incentives
• Understand the principles of energy balances and the factors influencing energy demand and supply.
• Understand the functioning of electricity markets, including price formation and market design.
• Understand the role of externalities in energy markets and the impact of corrective policy instruments like taxes or subsidies.
• Understand international agreements and their implications for renewable energy adoption and net-zero targets.
• Understand the technical, economic, and social aspects of renewable energy sources and their integration into energy systems.

Energy balance methodologies, electricity market models including price models, externality frameworks and policy responses, international climate agreements and their economic implications, renewable energy technologies and transition strategies toward net-zero emissions