Paper
I
THEORIES
OF ENERGY ECONOMICS
CREDITS
: 4 MARKS:
100 Code:PHDAHMR01
UNIT –I Introduction to Energy Economics
Meaning and Concepts of Energy - Significance
Energy- Definition, Nature, Scope and Importance of Energy
Economics- Different Sources of Energy- Renewable
& Non Renewable Sources-Economic Importance of Non-Renewable Energy
UNIT –II International Trade Theories on Natural
Resources
Theory of Dutch
Disease- Hotelling Theory of Exhaustible resources – Austrian Theory of Mineral
Resources
UNIT –III Theories of Energy Economics
Olduvai Theory –
Hubbert Peak oil theory- Theory of Energy Use- Rosenfeld Curve of Energy
intensities- Rebound Effect- Demand and Supply Theory of oil
UNIT-IV Economics of Choice among Alternative Energy
Sources
Economic Criteria for Evaluating power technologies
in less developed countries - Energy cost comparison- Techniques for appraising
the energy Economy and outlook in less developed countries
UNIT –V Energy and Economic Growth
Energy and Economic
growth,development – Relationship between Energy Consumption, Energy prices and
Economic growth.
Reference:
·
Natural resources Energy, Water &
river basin development- Richard A.Tybout,Perry D.Teitelbaum, Nothniel B.Guyol.
·
The Structural Manifestation of the
`Dutch Disease’: The Case of Oil Exporting Countries; Kareem Ismail WP/10/103.
·
The Economics of Exhaustible Resources
Harold Hotelling The Journal of Political Economy, Vol. 39, No. 2.
(Apr., 1931), pp. 137-175.
·
Resourceship:
An Austrian theory of mineral resources Robert L. Bradley Jr. Published online:
19 January 2007 Springer Science + Business Media,
LLC 2007
·
The Olduvai theory and catastrophic
consequences: Pg.No 8-21; Beyond oil Bust by James Leigh, Predrag Vukovic,
2011.
·
How does economic theory explain the
Hubbert peak oil model by Frédéric
Reynès ,Samuel Okullo , Marjan Hofkes IVM Working Paper: IVM 10/01, January 2010
·
A Theory of Energy Use_Raouf Boucekkine,
Antonia D and Luis A. Puch February 2011
·
Deconstructing the ‘Rosenfeld Curve’:
Why is Per Capita Residential Energy Consumption in California so Low? Anant
Sudarshan, Stanford University USAEE-IAEE WP 10-063 December 2010
·
Heterogeneity in the Rebound Effect:
Further Evidence for Germany Manuel Frondel, Nolan Ritter and Colin Vance, RWI
USAEE-IAEE WP 10-059 November 2010
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Paper
II- OIL ECONOMICS
CREDITS:
4 MARKS: 100 Code: PHDAHMR02
UNIT –I Demand for Non-Renewable Energy Sources
Crude oil demand –
price fixation- World Energy Scenario - India’s Energy Scenario- Spike in oil
prices- American Policy & Iran – Gulf. Nuclear proliferation on clash of
civilizations- other political considerations on Demand and Supply of crude oil
UNIT –II Dynamics of Oil Economy
History of crude oil -
About oil Economics – Cartelization of petroleum selling companies
(7 sisters’ agreement)
- formation of OPEC (Organization of Petroleum Exporting Countries)
UNIT-III Geo-political Crisis of Crude Oil till date
Yomkippur War- Israel-Arab Conflict- Gulf War I
& II - Brettenwoods system- Fall of Brettenwoods- Recent war of America in
Afghan & Iraq- Iran Oil Embargo- Jasmine Revolution
UNIT –IV Fianacialization of Oil Prices
Futures and Options-
Derivatives- Origin of Oil futures trading (PEMEX, NYMEX, WTI)- Hedging of
Crude oil options
UNIT –V Economical and Political Aspects of oil
Economics and politics of oil- A geo-political
Tsunami: Beyond oil in World Civilization Clash-New Tourism in a New Society
arises from “Peak Oil”- Persian Gulf and Maritime chokepoints: Implications for
World Geopolitics
Reference:
·
A
Geopolitical Tsunami, Peak oil, Persian gulf chokepoints, Implications for
world politics Pg No: 47-66, 67-95,124-139 Beyond oil Bust by James Leigh,
Predrag Vukovic, 2011.
·
World Energy and Population: Trends to 2100 October, 2007
·
Why World oil monopolization lowers oil
prices: A
Theory of Involuntary cartelization by Earl A.Thompson, University of
California, Los Angeles: Dept. of Economics, Nov 1995.
·
A Restrospective on the Brettenwoods system:
Lessons for International Monetary reform, University of Chicago Press: ISBN
0-226-0687-1, January 1993
·
EEDP Programme Paper: 2012/01 An Embargo
on Iranian Crude Oil Exports: How Likely and with What Impact? Paul Stevens
Chatham House January 2012
·
Effects Based Operations: A Yom Kippur
War Case Study Steven M. Beres Shannon M. Corey Jonathan E. Tarter Evidence
Based Research, Inc
·
Jasmine Revolution Evidence Based
Research, Inc Mahmoud El-May, Turkish policy quarterly Vol.9 No.4 , 2011
·
Risk Minimising Hedging of Crude-oil
options: Theory and Empirical
performance: Roy Nawar, University of Sydney, Christican oliver Ewald,
University of Glasglow, Tak kuen siu Macquarie University, NSW 2009, Australia
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